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Liffe becomes the first exchange to offer clearing of CDS contracts offered via Bclear.
CDS contracts on Bclear will combine the security of central counterparty clearing with the flexibility that OTC market participants demand. The contracts are negotiated and agreed away from the exchange before being processed through Bclear and cleared through LCH.Clearnet.
“We look forward to offering more CDS products as we move into 2009”, Garry Jones, Executive Director of Liffe said.