LCH.Clearnet SA has launched a new technical initiative, eCCW, which they claim will provide clearing members with simpler and cheaper access to CLEARING 21.
Access via the old Clearnet Clearing Workstation (CCW), which had been in service since 2002, was terminated on 7 January 2008, following a one month conversion period during which clients were able to run both CCW and eCCW in parallel, and which gave clients time to get used to the new application.
“By implementing eCCW, LCH.Clearnet is responding to its commitment to optimise and rationalise its processes and is demonstrating, in line with market demand, its determination to deliver a high quality service whilst maintaining firm downward pressure on costs,” says Christophe Hemon, CEO, LCH. Clearnet SA.