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LCH.Clearnet starts CDS clearing with French banks
Monday, March 29, 2010
Various media reports suggest that the French arm of clearing house LCH.Clearnet will launch its planned credit default swap clearing service today. The service will include only corporate indices denominated in euros and will be supported by French banks BNP Paribas, Societe Generale, Natixis and Credit Agricole.
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CFlux secondary
CLO index levels:
| Index | 14 May |
|
| CFlux USD AAA | ↑ | 96.0 |
| CFlux USD AA | ↑ |
87.7 |
| CFlux USD A | ↑ | 85.1 |
| CFlux USD BBB | ↓ | 77.2 |
| CFlux USD BB | ↑ |
75.9 |
| CFlux USD EQ | ↓ | 76.7 |
