LCH.Clearnet Ltd – Service Opening Table 2015 Update
LCH Circular No 3612
27th April 2015
All Clearing Members
LCH.Clearnet Ltd (LCH.Clearnet) would like to advise clearing members of the revised Service Opening Table from the previous version detailed in LCH.Clearnet circular No 3565. The Service Opening Table in this circular provides further details of those clearing services that are open or closed on recognized UK bank holidays.
Margin Calls on UK Bank Holidays
Margin calls for all clearing services from the close of business on the day prior to a UK bank holiday will be called from your PPS bank for value on the day of the UK bank holiday (except for those currencies where local holidays apply or for next day value currencies).
Those clearing services that are open will be subject to the normal business day processes including intra-day margin calls and deadlines as detailed in our Rules and Regulations.
Banking reports from close of business on the day prior to a UK bank holiday will be available by 6am GMT on the UK bank holiday.
Reports are available on the member reporting website for five business days.
Service Opening Table
The red columns denote days on which LCH.Clearnet is closed.
For further information, please contact the below:
Collateral Operations and Client Service Manager
UK Head of Collateral Operations
+44 (0) 20 7426 7505