DTCC confident of Clearnet bid

US clearing giant, The Depository Trust & Clearing Corporation (DTCC), insisted on February 3 that a merger with clearing house LCH.Clearnet would be completed by the end of March, despite a possible rival bid.

On February 2, interdealer broker Icap confirmed it is "an equal member of a consortium of a number of leading financial institutions" - rumoured to include SocGen, which declined to comment - that may place a cash offer for Clearnet and break up a non-binding merger agreement made in

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

Switching CCP – How and why?

As uncertainty surrounding Brexit continues and the impacts of Covid-19-driven market volatility are analysed, it is essential for banks and their end-users to understand their clearing options, and how they can achieve greater capital and cross…

Most read articles loading...

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