LCH.Clearnet has launched a clearing service to support the Cassiopeia Multilateral Trading Facility (MTF) for corporate bonds, NYSE BondMatch, in 2011. LCH.Clearnet will manage clearing of all euro-denominated international corporate, financial and covered bonds traded on the platforms.
LCH.Clearnet will provide an automated and fully integrated solution from trading through clearing to settlement. The settlement instructions will be processed through the International Central Securities Depositories and European Central Securities Depositories.
Click here for the release from LCH.Clearnet.