Technical problems with LCH Clearnet (LCH-C)'s generic clearing system (GCS), which has been designed to integrate the systems utilised by London Clearinghouse and Clearnet prior to the firms' merger, have forced the firm to revise its target for systems integration, previously scheduled for 2007.
Until last week, when LCH-C revealed to FO Week that it had fallen behind target, the clearinghouse had continued to insist that it could meet its...