Adding Austraclear as a Collateral Location

Report date

Circular No.

LCH Circular No 3725


19th April  2016


All LCH Members

Dear Member,

At LCH, we are always looking for new partnerships that can provide our members with flexibility and choice for collateral management. So today we are proud to announce that we are extending our eligible collateral locations to include Austraclear (the Australian CSD).

Effective from today all LCH Ltd members (excluding FCMs) can now lodge eligible Australian securities to the LCH custody account at Austraclear.

By allowing you to provide collateral in the Australian local market you can continue to adjust your margin cover even when European and US settlement systems are closed.

To take advantage of this you should select Austraclear as your settlement location in the Collateral Management System (CMS) when lodging Australian securities. You can of course still choose to lodge Australian securities at Euroclear Bank or Clearstream (via tri-party) should you prefer.

Full details of all of our standard settlement instructions (SSIs) including the new Austraclear account (LCHC21) are available from our website. Additional details showing you when your Austraclear settlements will impact your margin cover are also provided in the attached document here.

Welcome to the next step in margin collateral efficiency.

Kind regards,

Collateral Services
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