ICE clearing switch delayed by Lehman default
The transfer of London-based ICE Futures Europe's clearing operations from LCH.Clearnet to ICE's wholly owned clearing house ICE Clear Europe, scheduled for September 15, was postponed due to the bankruptcy of Lehman Brothers.
The technology transition had been completed, but the transfer of actual positions was postponed. "We took the decision, in consultation with the LCH.Clearnet and the (UK's) Financial Services Authority, to roll back the transfter at 6pm on the Sunday evening on the basis
More on Risk management
Data, cyber and model risk top IT concerns for risk managers: survey
Energy Risk software survey reveals risk managers’ tech pain points and plans
Energy Risk Debates: the Iran conflict and the widening mandate of the risk manager
Panellists discuss the impact of the Middle East crisis so far on risk teams and the drive towards enterprise risk management
Abaxx: meeting the need for new commodity derivatives
Abaxx revamps commodity hedging with a suite of modern contracts
Tokenised commodities could help oil the machine
Shifting physical assets onto the blockchain eases collateral frictions, argues crypto expert
Energy Risk Debates: risk management in the clean energy space
Panellists discuss the unique issues facing firms in renewables, clean energy and carbon markets
Energy Risk 2026 Software Rankings: CTRM landscape needs to support resilience
Commodity firms’ software choices across the CTRM landscape are crucial amid current uncertainty
EU can handle energy price pressure – it’s been here before
Reforms made after Russia’s invasion of Ukraine have made region more resilient to energy shocks, officials say
A Hormuz tipping point may be days away
Agent-based model suggests delays and shortages likely to accelerate after four weeks
