Standard Chartered to offer client clearing for non-US persons

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Standard Chartered has created a new unit within its financial markets business offering clients over-the-counter derivative clearing services in Singapore and London, with aims to expand the offering when OTC clearing regulations are implemented across Asia.

The unit, known as Eclipse (Execution, Clearing, Liquidity and Portfolio Services) will help the bank's clients meet requirements brought by global OTC derivatives regulations, such as the clearing on central counterparties (CCPs).

As a non

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