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  1. Sef execution of package trades to be postponed

    He did admit, however, that he is concerned about the departure of several large financial institutions from the clearing business over the past year – including the Royal Bank of Scotland and Bank of New York Mellon.

  2. Monolines - the nuclear option

    Calyon has responded by filing a lawsuit at the Royal Courts of Justice in the UK seeking to enforce the guarantees. Merrill Lynch filed a suit with the southern district court in New York against XL Capital Assurance (XLCA), the financial...

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