LCH Ltd – EquityClear extends its clearing services to include ICAP WCLK MTF
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Circular No. |
LCH Circular No 3985 |
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Date: |
19 November 2018 |
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To: |
All EquityClear Members |
LCH Ltd – EquityClear extends its clearing services to include ICAP WCLK MTF
We are delighted to inform you that LCH Ltd (“LCH”) is now offering clearing services for ICAP WCLK MTF.
ICAP WCLK MTF supports trading in cash equities for the equity finance market. The venue facilitates members negotiating trades for hedging purposes on a wide variety of financing activities.
The new link will allow members to clear their own or their client’s trades via LCH, providing settlement netting and capital efficiencies.
ICAP WCLK is an MTF authorised and regulated by the FCA.
All securities currently eligible for clearing in the approved markets will be available for clearing.
Further details regarding onboarding requirements, testing and generic enquiries, please contact:
Ian Mackenzie Tel: + 44 (0) 20 7426 7265, email: ian.mackenzie@lch.com or
Tim Beckwith Tel: + 44 (0) 207 426 7276, email: tim.beckwith@lch.com
Yours sincerely,
Tim Beckwith
Head of Sales & Relationship Management, Equities