Nodal US Bank Holiday Intraday Calling Procedures

Report date

Company Circular No:

LCH Circular No 3529,

Nodal Circular No:

Nodal Circular No 31


08 October 2014


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 13th October 2014 (Columbus Day).

On 13th October 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.

If you have any queries, please contact the Operations and Client Services department by phone on 020 7426 7520 or by email at