ICE clearing switch delayed by Lehman default

The transfer of London-based ICE Futures Europe's clearing operations from LCH.Clearnet to ICE's wholly owned clearing house ICE Clear Europe, scheduled for September 15, was postponed due to the bankruptcy of Lehman Brothers.

The technology transition had been completed, but the transfer of actual positions was postponed. "We took the decision, in consultation with the LCH.Clearnet and the (UK's) Financial Services Authority, to roll back the transfter at 6pm on the Sunday evening on the basis

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here