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IDCG launches clearinghouse for OTC IRS

Posted on 07 January 2009

International Derivatives Clearing Group, LLC (IDCG), a majority owned, independently operated, subsidiary of The NASDAQ OMX Group, Inc.(sm), today announced the official launch of its clearinghouse. IDCG began accepting U.S. Dollar denominated Interest Rate Swap (IRS) Futures contracts for clearing and settlement on December 29, 2008.

These IRS Futures contracts have been cleared by IDCG’s wholly owned, Commodity Futures Trading Commission (CFTC) regulated clearinghouse, International Derivatives Clearinghouse (IDCH)….. Full Press Release: Source


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