September 17, 2008 LCH.Clearnet, (London), Europe's largest clearinghouse, has selected TCS Financial Solutions' TCS BaNCS market infrastructure to provide the underlying technology for Synapse Clearing Technology (Synapse), LCH.Clearnet's multi-asset derivatives clearing platform.

TCS Financial Solutions, a strategic business unit of Tata Consultancy Services (Mumbai), will work with LCH.Clearnet to develop the TCS BaNCS Market Infrastructure into a flexible derivatives clearing platform to which new products and markets can be added quickly. Synapse will enable LCH.Clearnet to service multiple derivative markets through a common platform, over a common framework that accommodates specializations across multiple markets.