LCH Ltd EquityClear to include Morgan Stanley MTF

Dear Member

We are delighted to inform you that LCH Ltd (LCH) EquityClear offers clearing services to the Morgan Stanley MTF.

With immediate effect, clearing members and their clients can clear pan European equity and equity like instruments that are executed on the Morgan Stanley MTF.

The clearing arrangements will be on an interoperable basis with EuroCCP.

This is another important step as we continue to expand our venues and markets coverage, bringing further netting and cost efficiencies to our EquityClear members and their clients.

For further information please contact Ian Mackenzie Tel: +44 (0) 7426 7265 email: ian.mackenzie@lch.com

Yours Sincerely

Bruce Kellaway

Global Head of RepoClear & Collateral, Head of Ltd Equityclear