CHF payments Migration to Swiss National Bank

Report date

Tue, 08/09/2015

Summary

Circular No.	LCH Circular No 3651
Date:	8th September 2015
To:	All LCH.Clearnet Ltd Members

Body

LCH.Clearnet Ltd (LCH.C) is pleased to announce that from 7th September 2015 it has migrated all CHF concentration payments to an account with the Swiss National Bank.

As part of the migration LCH.C has become a direct participant in the Swiss RTGS system which is operated by Swiss Interbank Clearing (SIC) on behalf of the Swiss National Bank. This announcement is for information only and Clearing Members are not required to take any action.

In addition to CHF, LCH.C currently operates central bank concentration accounts in GBP, EUR, AUD and CAD.

For further information please contact collateral.services@lchclearnet.com