LCH.Clearnet Limited Confirms Reclassification of EnClear Swaps into Block Futures
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Originating department: |
Risk Management |
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Company Circular No |
LCH.Clearnet Ltd Circular No 3555 |
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Service Circular No |
LCH EnClear 418 |
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Date: |
30th November 2014 |
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To: |
All LCH EnClear Clearing Members |
Further to EnClear circular no. 416, dated 24 November 2014, LCH.Clearnet Limited is pleased to confirm that the reclassification of EnClear swaps has taken place on 30 November 2014.
As of market open on 1 December 2014, all existing EnClear open positions and all new trades will be cleared and classified as Block Futures.
Block Futures will initially be admitted for trading on two regulated trading venues: Baltex (which will list Dry Freight) and Cleartrade Exchange (which will list Dry Freight, Iron Ore, Steel, Coal, Containers and Fertilizers).
Please contact Isabella.kurek-smith@lchclearnet.com on +44 207 426 7460 or David.Barnes@lchclearnet.com on +44 203 197 4572 if you have any questions.