EUR Concentration Arrangements

Report date

Thu, 25/08/2016

Summary

Circular No.	LCH Circular No 3779
Date:	25th August 2016
To:	All LCH Ltd Clearing Members

Body

At LCH we are always working to improve our payment processing capabilities. That’s why we are pleased to announce that from today we have migrated all EUR concentration payments to the Eurosystem’s RTGS platform – TARGET2.

As part of the migration LCH has become a direct participant in TARGET2 through De Nederlandsche Bank.

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

This announcement is for information only and Clearing Members are not required to take any action.

Please address any questions to: Gerard.Smith@lch.com