External Meetings: Meeting with LCH.Clearnet Group Limited

When:

4/15/2011 10:00 AM

Rulemaking(s):

General

CFTC Staff:

Sarah Josephson

John Lawton

Robert Wasserman

Gary Gensler

Anuradha Banerjee

Visitor(s):

Natasha Angus (LCH.Clearnet Group Limited)

Ian Axe (LCH.Clearnet Group Limited)

Jacques Aigrain (LCH.Clearnet Group Limited)

Organization(s):

LCH.Clearnet Group Limited

In terms of phasing-in the rules under Dodd-Frank, LCH indicated that the buy side will need extended time for compliance because the trustees will need to vote on thousands of funds.~ ~Regarding lot sizes in default, LCH is indifferent about lot sizes. The clearinghouse is capable of stripping down contracts into the appropriate lot size.