Liffe, the international derivatives business of Euronext, said that the Exchange will soon launch a credit default swap offering on Bclear in 4Q08. The CDS will combine the security of an exchange and clearing house with the flexibility enjoyed in the OTC market.

Bclear is the on-exchange administration and clearing service that provides a simple and cost-effective way to register and process wholesale derivatives trades through Liffe to clearing at LCH.Clearnet. This can reduce the counter-party credit, legal and operational risks associated with OTC deals.

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