Bank of China becomes LCH.Clearnet’s first Chinese PPS Bank

Bank of China London Branch becomes the first Chinese Protected Payments System (PPS) Bank of LCH.Clearnet Ltd.

The bank will be able to start providing PPS services in both Britain and the United States following completion of the necessary end-to-end testing.

It will offer post-trade settlement services to LCH.Clearnet’s existing clearing members across a wide range of asset classes of securities in 18 currencies.

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