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NYSE Euronext to begin clearing for European securities and derivatives

London, 12 May 2010

LCH.Clearnet Group Ltd (LCH.Clearnet), the leading independent clearing house group, has been informed by NYSE Euronext that, from late 2012, NYSE Euronext intends to begin clearing for its European securities and derivative markets. Roger Liddell, chief executive, LCH.Clearnet said: “We have enjoyed a long relationship with NYSE Euronext and are looking forward to continuing to work with them until the contracts end. This is an important and exciting time for clearing with regulators and policymakers globally looking to clearing to reduce systemic risk. LCH.Clearnet is well placed to benefit from this.  It has unique clearing experience and is the only clearing house with 10 years of market leading experience in clearing OTC products.  We shall seek to continue to diversify our revenues as we develop new exchange and OTC initiatives.”

LCH.Clearnet is the global leader in OTC clearing and second largest clearer of fixed income products in the world.  It has an outstanding track record in effectively mitigating counterparty risk across a broad range of asset classes.

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