Nodal US Bank Holiday Intraday Calling Procedures
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Company Circular No: |
LCHClearnet Circular 3542 |
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ServiceCircular No: |
Nodal Circular No 33 |
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Date: |
6 November 2014 |
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To: |
All Nodal Clearing Members |
We would like to advise you of our Intraday Margin Calling procedures on the Nodal Exchange for the upcoming US currency holiday on 11th November 2014 (Veterans Day).
On 11th November the Nodal Exchange will be open however US PPS Banks will be closed. LCH Clearnet Ltd will therefore be required to call Intraday margin prior to the 16:00 UK PPS cut off time. This margin will be calculated by using each members largest Intraday liability over the previous month. All calls will be made in US dollars.
If you have any queries, please contact the Operations and Client Services department by phone on 020 7426 7688 or by email at Derivatives.Ops.UK@lchclearnet.com