LCH Ltd - EquityClear Priority 2 for German settlements

Dear Member

LCH Ltd EquityClear is delighted to inform our members that from trade date 2nd July 2018,  German equity settlements will receive the highest priority (Priority 2) for settlement in Clearstream Banking Frankfurt (“CBF”).

Please note, there will be a requirement for members to change the LCH Standard Settlement Instructions (“SSIs”) from the above noted date.  The changes are as follows:

Existing SSI’s:

DEAG/REAG                : CITIDEF1002

SELL/BUYR                  : LCHLGB2EXXX           (optional for the SWIFT message)   

SAFE                           : DAKV7256000             (optional for the SWIFT message)   

Revised SSI’s:

DEAG/REAG                : LCHLGB2EVTX

SELL/BUYR                  : LCHLGB2EXXX           (optional for the SWIFT message)   

SAFE                           : DAKV4449000             (optional for the SWIFT message)    

The addition of the German CSD extends the existing top priority settlement already received at Monte Titoli, Iberclear, Euroclear France, Euroclear Belgium and Euroclear Netherlands

LCH will also receive the highest priority for deliveries from Euroclear Finland and VP Denmark when the respective markets go live with T2S.  

These changes are part of the continuing programme of improvements EquityClear is delivering to assist our members in optimising efficiencies for their Equities businesses

If you require further information, please contact either:

Ian Mackenzie Tel: + 44 (0) 207 426 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

P: + 44 (0) 20 7426 7276

M: + 44 (0) 7515 597233
lch.com