Uncertain future for LCH.Clearnet
LONDON & Chicago - LCH.Clearnet's future remains in limbo, as the Depository Trust & Clearing Corporation (DTCC) and a potential bidding consortium involving major US and European banks have failed to make decisive moves.
The DTCC had a target date of March 15 to submit "definitive documentation" in regards to its proposed e739 million merger with the London-based derivatives clearing house. However, this has now been adjusted back to March 31, with a DTCC spokesperson attributing the delay to
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