LCH.Clearnet has partnered with CLS, a provider of settlement services for the forex market, to create a service that will simplify the settlement of cleared FX products. The new service, called Clearnet, is designed specifically for clearing and settling transactions in cryptocurrencies.
LCH.Clearnet has partnered with CLS, a provider of settlement services for the forex market, to create a service that will simplify the settlement of cleared FX products. It will be open to all central counterparties and will apply to a variety of cleared FX products as well as providing a set of risk benefits to industry members.