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| NYX > SEC Filings for NYX > Form 8-K on 31-Jan-2013 | All Recent SEC Filings |
31-Jan-2013
Entry into a Material Definitive Agreement
The Cash Equities Market Clearing Agreement
On January 28, 2013, Euronext Brussels S.A./N.V., Euronext Amsterdam N.V., Euronext Paris S.A., Euronext Lisbon - Sociedade Gestora de Mercados Regulamentados S.A. and LIFFE Administration and Management (collectively, the "NYSE Euronext European Entities"), each an affiliate of NYSE Euronext, entered into a Clearing Agreement (the "Agreement") with Banque Centrale de Compensation S.A. and LCH.Clearnet Group Limited.
Under the terms of the Agreement, Banque Centrale de Compensation S.A will continue to act as the clearing house for the clearing of trades executed on the NYSE Euronext European Entities' continental cash equities markets (the "Euronext Markets") and will continue to manage related risk functions. The Agreement has a term of six years and will terminate on December 31, 2018, subject to requisite notice. The Agreement replaces the existing clearing contract among the parties that was due to expire on December 31, 2013 for cash equity transactions on the Euronext Markets. The existing clearing contract will, however, remain in force for trades executed on the NYSE Euronext European Entities' continental derivatives markets until March 31, 2014.
The foregoing description of the Agreement does not purport to be complete and is qualified by reference to the text of the Agreement, which will be exhibited to NYSE Euronext's Quarterly Report on Form 10-Q for the quarter ended March 31, 2013 to be subsequently filed with the Securities and Exchange Commission.
As of December 31, 2012, NYSE Euronext retained a 9.1% stake in LCH.Clearnet Group Limited's outstanding share capital and the right to appoint one director to its board of directors.
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