London Clearing House welcomes UOB as latest SEA direct member
LCH is confident in Apac’s swaps and derivatives market, and has been working to localise its products. Having more local banks onboard is one of the approaches.
Last week (October 03), Singapore-headquartered United Overseas Bank (UOB) became the latest major bank in the city-state to join the London Clearing House (LCH) as a direct member of its two flagship interest rate swap (IRS) and foreign exchange clearing products, SwapClear and ForexClear.
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