Automated Trading Systems (ATSs) Access for Liquidity Management Purposes During a Default: Member Consultation

Report date

Circular No.

LCH Circular No 3619

Service Circular No

RepoClear Circular No 218


2 June 2015


All RepoClear Members


LCH.Clearnet proposes to introduce the ability to access ATSs during the default of a RepoClear member only, subject to regulatory approval.

LCH Clearnet wishes to access ATSs in order to further augment the range of liquidity provision arrangements available at the time of default.

The proposed LCH.Clearnet Ltd rule book changes in relation this are now available. To access a copy of the latest draft Rulebook please click here*.

A period of member Consultation is now open and RepoClear Members are invited to submit their comments to

The period for Rulebook Consultation is 30 days and will end on 2 July 2015.

*The latest LCH.Clearnet Ltd draft rulebook can be found on the secure area within the folder ‘Rulebook changes’.

Members with an existing secure area account:

  • Log-in here
  • Request access to the draft Rulebook here

Members without a secure area account:

  • Register for the ‘Rulebook area’ secure section here
  • In the "Organisation" section please provide the full legal entity name of your firm
  • Log-in details will follow via e-mail

For further information please contact:

Nigel de Jong, Group Head of Fixed Income Client Management, Marketing & Sales
Tel: + 44 (0) 20 7426 7273, Email:

Nick Maggs
Tel. + 44 (0) 20 7426 7442 Email:

Manisha Mistry
Tel: +44 20 7426 7199, E-mail: