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Liffe modify clearing arrangement at the cost of €260m


Liffe has renegotiated its agreement with LCH.Clearnet, whereby the bourse will take full responsibility for clearing activities at the London-based exchange.

Liffe said that it launch a new clearing arrangement for its European derivatives segment in March 2009, subject to regulatory approval.

The exchange will become the central counterparty, a segment to known as Liffe Clear, while LCH.Clearnet will provide the exchange with...

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