Lehman close-out DTCC's largest ever

- By FX Markets Staff
- @FXMarkets_
- 03 Nov 2008

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Lehman, which filed for Chapter 11 bankruptcy on September 15, was described by DTCC as a "leading participant" in its depository, clearing corporations and over-the-counter derivatives business.

DTCC subsidiaries are central counterparties, which guarantee most of Lehman's trades will be settled on the original terms.

Christopher Whittall

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