Introducing New US custody arrangements - BMO Harris Bank
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Circular No. |
LCH Circular No 3936 |
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Date: |
15th March 2018 |
| To: | All LCH Ltd Members |
Dear Member,
At LCH, we are constantly looking to expand our collateral services so that we can provide members with new opportunities to 1) provide a broader range of collateral, 2) provide collateral in new settlement locations and; 3) provide collateral via different methods.
That’s why we are pleased to announce that members can now provide U.S. eligible securities collateral to our new custody account at BMO Harris Bank.
From Monday 19th March, BMO Harris will be available in addition to current arrangements.
Member will notice that the new account SSIs for LCH’s accounts with BMO Harris will be displayed in CMS and on the lch.com website from this date.
Only US Owners will be able to use the new arrangements.
Any questions on the above should be directed to:
Kind regards,
Collateral Services