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A $5tn Brexit battleground and banned in Russia — What is clearing, anyway?
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Clearing is a key part of market plumbing that has hit the headlines since the Brexit vote, and more recently in sanctions against Russia.
Because clearing is both so lucrative and legally required for most securities, Brexit has sparked a battle over who gets to control — and thus pocket the fees — the clearing of trillions in daily financial transactions.
The...
Read more on fnlondon.comAbout this in other media
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