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In October 2006 Eurex sold 65% of its American experiment to Man Group, parent to cme's largest executing and clearing member.
FORBES: Magazine Article
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Moving derivatives trades to clearing-houses mitigates the effect of a default of a clearing member (Lehman Brothers' cleared trades were handled smoothly in 2008, for example).
ECONOMIST: The risk in clearing-houses
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The case came to light when a member of staff at the school was clearing out a cupboard and found 11 DVDs containing indecent pictures of children and pictures of children engaging in sexual acts.
BBC: Former Oxfordshire teacher jailed for abusing 10 girls
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Under EEJ-Net, a UK consumer who, for example, had a claim against a trader in another EU member state would be able to approach the UK clearing house, which would obtain information from its opposite number in the other country about any suitable out of court scheme operating there.
BBC: Europe e-commerce initiative