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2003 – LCH.Clearnet Group is formed following the merger of the London Clearing House and Clearnet SA. New ownership comprises: Clearing Members 45.1%, Exchanges 45.1%, Euroclear 9.8%. 2007 – LCH.Clearnet and Euronext announce repurchase by LCH.Clearnet of shares held by Euronext to more closely align customer and shareholder interests.
The origins of clearing houses date back to bank cheque clearing in the 18th century. The London Clearing-House was established between 1750 and 1770 as a place where the clerks of the bankers of the city of London could assemble daily to exchange with one another the cheques drawn upon and bills payable at their respective houses.
Organisations that perform securities clearing and/or central depository services The main article for this category is Clearing house (finance) . Subcategories
A major clearing house is working on a prototype to explore how a central bank digital currency (CBDC) could be settled if adopted.
A central securities depository (CSD) is a specialized financial market infrastructure organization holding securities like shares, either in certificated or uncertificated (dematerialized) form, allowing ownership to be easily transferred through a book entry rather than by a transfer of physical certificates.
SINGAPORE (Reuters) -Bond markets cheered the selection of fund manager Scott Bessent as U.S. Treasury secretary on Monday on expectations he could keep a leash on U.S. debt, while falling yields ...
Publishers Clearing House (PCH) has found itself in hot water over its sweepstakes practices, which were described by the Federal Trade Commission (FTC) as "deceptive and unfair." The company...
LCH: On 3 April 2012, LSE and LCH shareholders voted overwhelmingly to take up to 60 percent of the clearing operator with an offer of 20 euros per share, which valued LCH at 813 million euros ($1.1 billion).