PPS Reform Reminder

Report date

Wed, 05/10/2016

Summary

Circular No.	LCH Circular No 3791
Date:	5th October 2016
To:	All LCH Ltd Clearing Members

Body

As per Circular 3768, LCH would like to remind Clearing Members that the first go-live date of the changes to PPS arrangements will be the 10th October (Columbus Day).

As the 10th October is both a USD and CAD holiday, LCH will therefore not issue any calls or pays in these currencies on this day.

Please refer back to the Changes to the Protected Payments System (PPS) document detailed within Circular 3768 for full details of how this impacts Clearing Members.

For further information please contact:

Collateral Client Services
collateral.clientservices@lch.com

Membership Sales and Relationship Management
MembershipSales@lch.com