Burgundy Trade Venue
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Circular No. |
LCH Circular No 3569, |
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Service Circular No. |
EquityClear Circular No 20 |
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Date: |
15 December 2014 |
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To: |
All EquityClear Members |
Dear Member
We are delighted to announce that from Monday 5 January 2015, we will offer clearing services to Burgundy, subject to regulatory approval.
The Norwegian trading venue offers trading in ISINs from Denmark, Finland and Sweden and LCH.Clearnet Ltd will offer clearing through our EquityClear service.
EquityClear members will benefit from reduced settlement cost by cross trade venue netting, single margin requirements and reduced clearing fees through our global tariff structure.
We hope this additional service will assist our EquityClear members achieve consolidation of cash equity flow, whilst reducing costs.
If members wish to test the new service or require further information relating to the EquityClear service please contact Ian Mackenzie Tel: + 44 (0) 20 7426 7265 or Email: ian.mackenzie@lchclearnet.com
Yours Sincerely
Roland Chai, Head of Equities, LCH.Clearnet Ltd