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Clear that check. (two US and six Canadian banks setting up a clearinghouse) (International News) (Brief Article)
Futures (Cedar Falls, Iowa), September, 1994
Tags: Clear, clearinghouse
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Two U.S. and six Canadian banks are setting up a clearinghouse, which they say will neutralize credit risk in foreign exchange transactions. Pending regulatory approval, the banks hope to start clearing U.S. dollar and Canadian dollar spot and forward transactions in early 1995.
International ...
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