LCH.Clearnet, the Anglo-French clearing house, said today that it had completed the transfer of trading positions belonging to more than 300 clients of bankrupt US-broker MF Global, in a complex process that will be closely observed by regulators currently drawing up new rules for clearing derivatives.

LCH.Clearnet said in a statement this morning that the process of managing the outstanding positions of MF Global is "virtually complete" and that all client assets held by the clearing house, which are used to secure their positions, had been returned to MF Global's administrator KMPG.