LCH.Clearnet has agreed to extend the arrangements under which LCH.Clearnet SA provides clearing services to the European Securities and Continental European Derivatives Markets of NYSE Euronext.
Termination of these arrangements was scheduled to occur in November 2012, following the notice given by NYSE Euronext in May 2010. The agreed extension means that the current clearing arrangements will continue to June 2013 for Derivatives and December 2013 for Cash. There are no changes to the contractual arrangements in place between NYSE Liffe Clearing and LCH.Clearnet Ltd, in respect of NYSE Euronext Derivatives in London.
Duncan Niederauer (pictured) Chief Executive Officer of NYSE Euronext says: "In the current dynamic environment, where we are finalising our planned business combination with Deutsche Boerse and LCH.Clearnet Group is considering its own strategic options, this extension gives both parties the time needed for these strategies to crystallise, while providing operational stability and continued service to our customers in the meantime.
