Well, they've done it at last. Almost taking people by
surprise with an announcement that had been so long in coming
that many had practically given up on it ever happening, LCH
and Clearnet are coming together under one name, LCH Clearnet.
Not quite a merger of the clearinghouses into one - that would
have been too difficult, given regulatory and jurisdictional
issues - but more a merging of systems and operational
procedures into a 'virtual single clearing house', under one
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