LOOSE CHANGE

- By FX Markets Staff
- @FXMarkets_
- 19 Jul 1991

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The 12 banks that make up the North American effort to develop multilateral netting are still negotiating to buy the Options Clearing Corp.'s International Clearinghouse Systems Inc. subsidiary despite the fact that its self-imposed June 30 deadline has now come and gone, sources close to the group say.

A newly formed subsidiary of U.K. software house Premier Systems (London) PLC has developed a banking system for back-office processing of foreign exchange and money market dealings. Finance &

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