Changes to the LCH.Clearnet Limited ("LCH") Rulebook – Rule Change Committees of 20 May and 24 May 2016

Following the Rule Change Committees of 20 May and 24 May 2016, LCH is making the following proposed rulebook changes available on its secure website.*

The proposed changes referred to in this circular are summarised below.

4 week consultation   

The following rulebook changes are being made available for a consultation period of 4 weeks.

    
^^ LCH will introduce several portfolio transfer enhancements, which will include, among other things, a new intraday bulk transfer process and related ancillary enhancements. The portfolio  transfer enhancements will be released in two phases: (1) Phase 1 will include the support for increased volumes of trades and the intraday movement of settled net present value; and (2) Phase 2 will include the ability to transfer, prefund and reserve collateral intraday as part of the new intraday bulk transfer process.

Notification

The following rulebook changes are for notification only:

Clearing Members that wish to comment on the consultation drafts should email: rulebook@lch.com

If you have any general questions on rulebook changes, please contact your usual LCH contact.

Please note that all rulebook revisions may remain subject to regulatory approval.

Accessing the Secure Area:

*The proposed changes to the rulebook can be found on the secure area within the folder ‘Rulebook'.

Members with an existing secure area account:

Log-in here

Request access to the ‘Rulebook' area here

In the "Organisation" section please provide the full legal entity name of your firm.

Log-in details will follow via e-mail.

Members without a secure area account:

Request access to the ‘Rulebook' here

In the "Organisation" section please provide the full legal entity name of your firm.

Log-in details will follow via e-mail.