15.12.2009 - Bahrain Financial Exchange sets up its clearing and depository corporation
From Mondovisione.com: Bahrain Financial Exchange (BFX has been granted an in-principal approval from its regulator the Central Bank of Bahrain, to launch its own clearing settlement and depository company, the ‘BFX Clearing and Depository Corporation’ (BCDC). Following the approval from the CBB, the BFX has set up BCDC as a BSC closed company. The BCDC will act as Central Counterparty for all transactions on the BFX markets.....................................Full Article: Source
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