LCH Ltd EquityClear – Change to fixed fail fee for settlements in Euroclear Finland
Report date
Summary
|
Circular No. |
LCH Circular No 4147 |
|
Date: |
29 March 2021 |
|
To: |
All LCH Ltd EquityClear Members |
Body
Dear Member
From 01 April 2021, Euroclear Finland will exempt CCPs from “settlement period extension fees”. In response to this change, effective 01 April 2021, LCH Ltd EquityClear will reduce the fixed penalty fail fee for settlements in Euroclear Finland to £20 per failed settlement, per day (from £65). This change will be reflected on member invoices sent in May 2021.
If you have any questions or require further information, please contact the Securities Client Services Team securitiesclientserviceLTD@lch.com.
Yours sincerely
Alex Krunic, Head of Equities LCH Ltd