CLS Implemented at Prudential Financial in Four Weeks

JPMorgan Treasury Services has implemented the global derivatives business of US-based Prudential Financial as a CLS third-party participant. Prudential completed settlement with the Chicago Mercantile Exchange (CME) and the New York Clearing Corporation (NYCC) via CLS on 16 June and plans to enable another Prudential entity to settle through CLS soon. The implementation was completed in a record-breaking of four weeks.

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