LCH History - Timeline

London Clearing House Established

LCH wholly owned by United Dominions Trust

LCH renamed International Commodities Clearing House

Ownership of LCH passes to six British banks

ICCH divests clearing software business to Sungard, renamed LCH Ltd

Majority ownership transfers LCH to entire clearing membership

Established as Banque Central Compensation SA

Banque Centrale De Compensation SA becomes subsidiary of MATIF

Bourse de Paris takes control of MATIF

Restructuring of French Markets, trading under Euronext Paris; Clearnet becomes a subsidiary of Euronext

Clearnet merges with Euronext's Amsterdam and Brussels exchanges

LCH Ltd DCO License (CTFC)

LCH.Clearnet Group formed following merger of LCH and Clearnet [Ownership: Clearing member 82.85%; exchanges 17.15%]

Euronext repurchases LCH. Clearnet shares [Ownership: Clearing members: 73.3%; Exchanges: 10.9%; Euroclear: 15.8%]

LCH.Clearnet resolves $9 trillion of Lehman Brothers OTS interest rate swap defaults

US Office opened

LCH.Clearnet aquires International Derivatives Clearing Group (renamed LCH.Clearnet LLC)

LSEG acquires majority ownership stake in LCH.Clearnet

LCH SA DCO License (CFTC)

LCH SA Clearing Agency License (SEC)

Tokyo, Japan office opened

Sydney, Australia office opened