EquityClear - Fail Settlement Costs in Euroclear France

Report date

Circular No.

LCH Circular No 3747

Service Circular No.

EquityClear Circular No 50


13th June 2016


All LCH Ltd EquityClear Members


Dear Member

From 1st July 2016, to be invoiced in August, LCH will increase the fails fines associated with Euroclear France settlement from £20.00 per ISIN, per day to £25.00. This increase is as a result of additional charges applied to LCH by the CSD.

There will be no additional cost associated with the ad valorem charge and any Market Maker activity will remain at £2.00

If you have any questions or require additional information please contact ian.mackenzie@lch.com Tel: +44 (0) 20 7426 7265 or tim.beckwith@lch.com Tel: +44 (0) 20 7426 7276

Yours Sincerely

Vikesh Patel,  Chief Operating Officer, EquityClear