Risk glossary


London Clearing House (LCH)


a member-owned clearing house that merged with Clearnet.SA in 2003 to form the LCH.Clearnet Group. In October 2008, LCH.Clearnet signed a new clearing arrangement with Liffe, the international derivatives market of NYSE Euronext. LCH.Clearnet also operates as a central counterparty (CCP) for freight derivatives traded on the Baltic Exchange.

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