LCH: UK clearing house LCH fulfils norms to function as central counterparty
Mumbai: UK-based clearing house LCH has reached out to Indian banks and informed them that it has fulfilled necessary conditions mandated by the Reserve Bank of India to function as a qualifying central counterparty (QCCP) for offshore derivatives trades. In a development that could ease banks’ capital requirements for offshore non-deliverable forwards (NDF) trades, LCH … Read more