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CFTC Expands Clearing Designation For London Clearing House

Date 12/05/2004

The Commodity Futures Trading Commission has issued an amended Order permitting LCH.Clearnet Ltd (LCH) to clear financial futures and options traded on or subject to the rules of a U.S. designated contract market, derivatives transaction execution facility, or exempt board of trade. LCH currently clears over-the-counter interest rate swaps and commercial energy contracts pursuant to the Commission’s original order registering LCH as a derivatives clearing organization, dated October 29, 2001. Copies of the Commission’s Order may be obtained by contacting the Commission’s Office of the Secretariat, Three Lafayette Centre, 1155 21st Street, N.W., Washington, DC 20581, +1 202 418-5100.