LCH Ltd EquityClear - Autoborrow in the Nordic markets

Report date

Circular No.

LCH Circular No 3883


29th August 2017


All LCH Ltd EquityClear members


Dear Member,

We are pleased to announce that LCH Ltd (“LCH”) will enhance its EquityClear service with the introduction of an autoborrow service in the Nordic markets effective 11 September 2017.

The implementation of the new service will be phased in, as set out in the timetable below.  LCH will monitor failing deliveries into the CCP and when required, will initiate a borrow to ensure delivery to the waiting buyer. 

The launch phases are as follows:

Sweden    11th September 2017
Norway     18th September 2017
Finland     25th September 2017

Note the introduction of the service in Danish securities will be reviewed and communicated at a later date.

All costs of the autoborrow will be passed back pro rata to each of the members that have failed to deliver and have therefore contributed to the net short. Members will be charged monthly in arrears and invoices will be published to the member reporting Portal on a monthly basis.

Further details of the service can be found in the attached FAQ.

If you require further information, please contact either:

Ian Mackenzie Tel: + 44 (0) 207 426 7265 Email: or
Tim Beckwith Tel: + 44 (0) 207 426 7276 Email: