TITLE

Would Transatlantic Clearinghouse Bring New Efficiencies?

AUTHOR(S)
Kentouris, Chris
PUB. DATE
May 2008
SOURCE
Securities Industry News;5/5/2008, Vol. 20 Issue 18, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article explains that the speculation about a possible merger of LCH.Clearnet and the Depository Trust & Clearing Corp. (DTCC), which would create a trans-Atlantic clearinghouse, has triggered debate about whether consolidation or inter-operability is the best means for improving operational efficiency and reducing processing costs for securities transactions in Europe. Amidst this speculation, DTCC officials in New York declined to comment on the issue of possible merge with LCH.Clearnet. However, LCH.Clearnet did rule out such possibility.
ACCESSION #
31994166

 

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