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London Clearing House

From Longman Business Dictionary
Related topics: Finance, Organizations
London Clearing HouseˌLondon ˈClearing ˌHouse abbreviation LCH noun FINANCEORGANIZATIONSan organization that organizes payments between buyers and sellers of FUTURES (=contracts to buy particular shares, bonds etc on a fixed date) and OPTIONs (=rights to buy shares etc during a particular period of time). It is owned by the most important UK clearing banks
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