Release: 4188-98

For Release: September 9, 1998

CFTC Extends Comment Period for Petition Submitted by the London Clearing House Limited

The Commodity Futures Trading Commission announced today that it has extended until September 23, 1998 the comment period on the petition submitted by the London Clearing House Limited (LCH) requesting an exemption pursuant to section 4(c) of the Commodity Exchange Act. LCH submitted its petition in connection with its proposed provision of clearing services for certain swap agreements. The Commission issued a notice requesting comments on the LCH petition on June 30, 1998 (63 FR 36657 (July 7, 1998)), with comments originally due by September 8, 1998.

Any person interested in submitting comments on the LCH petition should submit them by September 23, 1998 to Jean A. Webb, Secretary, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street, N.W., Washington D.C. 20581. In addition, comments may be sent by facsimile transmission to facsimile number (202) 418-5521 or by electronic mail to secretary@cftc.gov.

Copies of the LCH petition are available for inspection at the Office of the Secretariat at the above address. Copies also may be obtained through the Office of the Secretariat at the above address or by telephone at (202) 418-5100 or on the Commissionís Internet web site (http://www.cftc.gov).