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LCH and Clearnet to implement Clearing 21

The merger of London Clearing House and Clearnet has precipitated a complete overhaul of the merged entities' clearing system.

A spokesman for LCH said: "Both LCH and Clearnet are due a technology upgrade and for LCH it makes sense to upgrade to Clearing 21 so that we are on a single platform, and minimise duplication of IT costs."

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