Embattled clearinghouse, LCH Clearnet, has entered talks with
Depository Trust and Clearing Corporation (DTCC) regarding a
The Anglo-French central counterparty (CCP) was approached by
DTCC earlier this year and talks have since progressed, it is
understood. It is unclear when a decision will be reached as to
whether to push their early and tentative discussions further.
LCH Clearnet has been growing under increased pressure
throughout the year as it struggles to hold on to its largest
clients. ICE Futures is set to breakaway from LCH Clearnet in
July after taking the step of using its own acquired
clearinghouse after buying New York Board of Trade in early
2007 while Liffe has said it will renegotiate its terms with
the clearinghouse during the year. London Stock Exchange is
also believed to be considering its relationship with LCH
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