September 30, 2016 BY Valentina Kirilova
LCH adds Commonwealth Bank of Australia as first Australian PPS Bank
Clearing house LCH has announced that Commonwealth Bank of Australia (CBA) has become its first Australian Protected Payments System (PPS) Bank. Having an Australian PPS Bank enables LCH to make and receive Australian Dollar payments in the local time zone. The PPS system is the method by which LCH calls and pays cash margin to its clearing…
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