Technical problems with LCH Clearnet (LCH-C)'s generic
clearing system (GCS), which has been designed to integrate the
systems utilised by London Clearinghouse and Clearnet prior to
the firms' merger, have forced the firm to revise its target
for systems integration, previously scheduled for 2007.
Until last week, when LCH-C revealed to FO Week
that it had fallen behind target, the clearinghouse had
continued to insist that it could meet its original
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