EquityClear Notice - Summer Bank Holiday

Report date

Company Circular No:

LCH.Clearnet Ltd Circular No 3499

Service Circular No:

EquityClear Circular No 9


30 July 2014


All EquityClear Clearing Members


Dear Member,

We would like to advise you of the following with regards to Monday August 25th 2014:

  • Euroclear UK and Ireland have confirmed it is a currency holiday for GBP and USD settlement in their CREST system but not a currency holiday for EUR.
  • It is a London Stock Exchange SETS market and settlement holiday.
  • The SETS calendar for the calculation of the intended settlement date (ISD) for EUR settling trades differs from that of the MTFs. Please see the following table for the details and impacts.
 Currency    Trade Date       ISD   Cross netting between SETS and MTFs
 SETS            MTFs           
GBP, USD 20th August 26th August 26th August

21st August 27th August 27th August
22nd August 28th August 28th August
EUR 20th August 26th August 25th August


21st August 27th August 26th August
22nd August 28th August 27th August


If you require any additional information please contact Ian Mackenzie, Manager, EquityClear; Tel: +44 (0) 20 7426 7265 Email: ian.mackenzie@lchclearnet.com

Yours sincerely

Roland Chai, Head of Equities, LCH.Clearnet Ltd