LCH Ltd – EquityClear Amendment to Fails Rebate

Report date

Circular No.

LCH Circular No 3767

Service Circular No.

EquityClear Circular No 52


3rd August 2016


All EquityClear Clearing Members


Dear Member

From 1st September 2016, LCH Ltd will remove the failed settlement compensation in the below markets. 

The failed settlement compensation is a “rebate” given to members where they have not received securities from LCH Ltd from intended settlement date.





 Euroclear UK & Ireland






 Euroclear Finland


 Euroclear Sweden

 Depositary Receipts & ETFs

 Euroclear Bank




The failed settlement compensation rebate will continue in all other markets and existing rules surrounding market makers for buy-ins and penalties will also not be adjusted as these are regulatory requirements.     

If you have any questions or require additional information, please contact:

Email:  Tel:  + 44 (0) 207 426 7265

Email:  Tel: + 44 (0) 207 426 7276


Your sincerely


Vikesh Patel

Chief Operating Officer, EquityClear