LCH Limited – Changes to Backload Cycle Times
Circular No. |
LCH Circular No 3851 & SwapClear Circular No 155 |
Date: |
23rd March 2017 |
To: |
All LCH Ltd Clearing Members |
Please be advised, effective 27 March 2017, and in accordance with the Rulebook, the Clearing House will (i) run Backload Registration Cycles on United States bank holidays that fall on a Monday, Tuesday or Wednesday and (ii) change the times at which it runs Backload Registration Cycles. The table below sets forth the current and revised schedule.
Day | Current | Revised | ||
Trade Submission Deadline | Trade Registration (approx) | Trade Submission Deadline | Trade Registration (approx) | |
Monday – Wednesday | 12:00 London time | 13:00 London time | 11:30 London time | 15:00 London time |
Thursday | 19:30 London time | 20:30 London time | 16:00 London time | 18:00 London time |
Friday | No Cycle | 16:00 London time | 18:00 London time |
If you have any questions please contact SwapClear Client Services at swapclear.clientservices@lch.com.
All times are approximate. Clearing members will be notified of subsequent changes to these timings via Clearing Member Circular. Terms used in this circular and not defined in this circular have the meaning assigned to such in the Rulebook. For the purposes of this circular, ‘Rulebook’ includes the ‘FCM Rulebook’.
All times are London times.