EquityClear Settlement Instructions - Service Enhancement

Report date

Company Circular No:

LCH Circular No 3531,

EquityClear Circular No:

EquityClear Circular No 16


14th October 2014


To All EquityClear Clearing Members


Dear Member

We would like to advise you that where LCH.Clearnet Ltd (LCH.Clearnet) instruct our own settlements in the appropriate CSD and Clearing Members or their settlement agents are required to match our instructions, including any cancels and splits, it is also possible for Clearing Members to request LCH.Clearnet to generate and send the matching settlement instruction, including cancels and splits, directly to your settlement agent on your behalf.

All settlement references can be reconciled against our daily report EREP0005 – Net Trades for Settlement.txt

If the settlement agent uses the EquityClear matching settlement instruction it will ensure a match in the appropriate CSD and timely automatic processing of split instructions.

LCH.Clearnet offer this enhanced functionality throughout the EquityClear service, across all trading venues and the appropriate CSDs we serve.

If you feel this service would enhance operational efficiencies and assist with settlement reconciliation process please contact Ian Mackenzie, Tel: +44 (0) 20 7426 7265 Email: ian.mackenzie@lchclearnet.com

Your Sincerely

Roland Chai, Head of Equities, LCH.Clearnet Ltd