Canadian Securities for Margin Cover
Circular No. |
LCH Circular No 3790 |
Date: |
30th September 2016 |
To: |
All LCH Ltd Clearing Members |
Dear Member,
At LCH, we are constantly looking to expand our collateral services so that we can provide members with new opportunities to:
1) provide a broader range of collateral
2) provide collateral in new settlement locations
3) provide collateral via different methods.
That’s why we are pleased to announce that members can now provide eligible Canadian government securities until 14:00 (EST), an extension of 2 hours on the current cut-off. The new cut off time is effective only for Canadian securities delivered to LCH’s account at BNY Mellon (New York), please see updated account details here
Clearing members may also continue to deliver Canadian securities to Euroclear Bank up to 17:00 (London Time).
The new cut-off time for Canadian security deliveries and returns will be implemented on the 3rd October 2016.
Please send any questions to:
Collateral.Services@lch.com
Kind regards,
Collateral Services