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External Meetings: Meeting with LCH.Clearnet Group Limited

4/15/2011 10:00 AM

CFTC Staff:
Sarah Josephson

John Lawton

Robert Wasserman

Gary Gensler

Anuradha Banerjee
Natasha Angus (LCH.Clearnet Group Limited)

Ian Axe (LCH.Clearnet Group Limited)

Jacques Aigrain (LCH.Clearnet Group Limited)
LCH.Clearnet Group Limited
  • In terms of phasing-in the rules under Dodd-Frank, LCH indicated that the buy side will need extended time for compliance because the trustees will need to vote on thousands of funds.~ ~Regarding lot sizes in default, LCH is indifferent about lot sizes.  The clearinghouse is capable of stripping down contracts into the appropriate lot size.

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