Member Update on the Testing Approach Within the EquityClear and New Clearing Platform Test Environments

Report date

Circular No.

LCH Circular No 3853

Service Circular No:

EquityClear Circular No 63


6th April 2017


All EquityClear LCH Ltd Members


Dear Member,

We would like to provide you with an update on our Transformation project and specifically the testing approach for EquityClear.

LCH Ltd (“LCH”) continue to engage with our members on the migration to the new clearing platform and are presenting the timelines for testing with Exchanges, CSDs and 3rd party settlement providers.  LCH are also establishing guidelines for member testing with final test packs being provided prior to testing.  LCH will provide members with a detailed launch approach by the end of May 2017.

The planned launched date to the clearing platform is 2nd October 2017.

As the project will soon enter the testing phase with infrastructure providers, it is important that Clearing members are aware of the restrictions that will be in place regarding the availability of EquityClear for testing.

The table below sets out the dates when trade venues will not be connected to EquityClear and therefore member testing will not be available:


Trade Venue Date
LSE SETS, IOB, ETF 10th April to 21st April 2017
Turquoise 10th April to 21st April 2017
 BATS Chi-X, Nasdaq Nordic (inc FNSE)   24th April to 5th May 2017
Aquis, Equiduct, SIGMA-X  1st May to 12th May 2017
SIX Swiss, Traiana, UBS MTF   1st May to 12th May 2017
All 26th June to 21st July 2017


Members are requested to adhere to the new clearing platform mandatory testing window, when all venues will be connected to the new clearing platform enabling members to test and validate that the new reports, available within the Member Reporting Portal, are functioning as expected.
This is a critical element for the member’s confirmation of readiness.

This member testing is expected to run from the 26th June 2017 to the 21st July 2017.  All trades received into LCH during this period will be processed by the new platform and not EquityClear. 

LCH requests that members review the above dates when planning testing on the existing platform, whether that is for regression/BAU purposes or testing new venue functionality.

We apologise for any inconvenience this may cause.

If you require further information please contact either:

Ian Mackenzie at; + 44 (0) 207 426 7265
Tim Beckwith at; + 44 (0) 207 426 7276


Yours Sincerely

Vikesh Patel, COO, Equities.