The Clearing Corporation will proceed with its previously announced stock
repurchase program and the establishment of a Guaranty Fund enabling clearing participants to satisfy their obligations with forms of collateral including but not limited to Clearing Corporation stock.
Commenting on the stockholder approval, Michael Dawley, Chairman of the Board of Governors of The Clearing Corporation, said: "Approval of The Clearing Corporationâs realignment is a key step in assuring that a major share of the worldâs futures and options clearing and risk management functions remain in Chicago. I am pleased that our stockholders have reaffirmed The Clearing Corporationâs historical model of independence and service to open markets."
Dennis Dutterer, President and CEO of The Clearing Corporation added "Our
stockholdersâ endorsement opens new opportunities for The Clearing Corporation to expand its services to support new and growing marketplaces, in the months and years to come."
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