LSE statement on NYSE Euronext & LCH.Clearnet clearing arrangements
First Published 29th March 2012
London Stock Exchange Group statement re NYSE Euronext's European clearing strategy and long term continuation of cash equity clearing with LCH.Clearnet
London - London Stock Exchange Group
plc ("LSEG") notes the announcement by NYSE Euronext regarding
its European clearing strategy and LCH.Clearnet's subsequent
announcement of confirmation of preliminary discussions with NYSE
Euronext in respect of their clearing arrangements. LSEG notes:
(i) confirmation of NYSE Euronext's intention to give 12 months
termination notice to LCH.Clearnet in mid-2012 with respect to
its current outsourcing arrangements with LCH.Clearnet for
banking, guarantee and default management for NYSE Liffe in
London; (ii) that the termination date for the clearing of NYSE
Euronext's derivatives business currently cleared with
LCH.Clearnet in Paris has been extended from June 2013 to the
first quarter of 2014, subject to regulatory approval and
finalization of precise timings with LCH.Clearnet SA; and (iii)
NYSE Euronext's intention to negotiate a long term arrangement
with LCH.Clearnet SA with respect to the clearing of NYSE
Euronext's regulated cash markets.
LSEG welcomes NYSE Euronext's announcement of its intentions in
respect of its European clearing strategy and LCH.Clearnet.
LSEG's offer for LCH.Clearnet enshrines a commitment to a
horizontal, open access clearing model and we look forward to
working with NYSE Euronext as a valued customer of LCH.Clearnet
following completion of the proposed transaction announced on 9
March 2012.


