LCH.Clearnet Ltd – Update on Proposed Changes to PPS arrangements
Circular No. |
LCH Circular No 3636 |
Date: |
23rd July 2015 |
LCH.Clearnet Limited (LCH.Clearnet) would like to provide an update to LCH Circular No 3602 published on 20th March 2015.
Circular 3602 informed members of LCH.Clearnet’s intention to implement a change to the current PPS arrangements with two main deliverables.
Internal analysis and impact assessment has completed and requirements now finalised. We have reviewed the internal deployment schedule and have confirmed delivery dates.
The confirmed deployment schedule is as follows, subject to regulatory approvals and finalisation of legal agreements:
- Same day currency calls on currency holidays to be delivered in November 2015
- Estimated deployment of NOK and CHF same day settlement in Q1 2016
Webinars will be available in Q3 2015 and will be provided for all Clearing Membership types. As previously advised, these will show in detail the impact that the above changes will have on member processes and reporting. All members will be invited to download these and continued updates will follow prior to implementation
For further information relating to this, please use the contacts below:
Laurence Jones
laurence.jones@lchclearnet.com
UK Head of Collateral Operations
Martin McCrystal
Martin.mccrystal@lchclearnet.com
Senior Manager, Collateral Operations
Stephen Lloyd
stephen.lloyd@lchclearnet.com
Global Head of Collateral Operations