Clearing for ForexClear

Summary

This course assumes that delegates have an understanding of foreign exchange products. If required, introductory training on the products in which LCH offers central counterparty services is provided on Understanding the Markets.

A tailored training programme will be designed for your organisation's specific requirements, which could include the sessions detailed on the below training programme

ForexClear Clearing Members ForexClear FCMs

Training Programme

Date:

This course is arranged upon request
Location: LCH Ltd Training Facility
Aldgate House
33 Aldgate High Street
London
EC3N 1EA
United Kingdom

Please note that the duration of each module is an approximation and actual session times may vary. All training sessions can be scheduled at a mutually convenient time.

Registration and Coffee (10 mins)

ForexClear Operations (60 mins)

  • Clearing and ForexClear
  • Service Overview
  • Trade Lifecycle
  • 24 Hour Service Schedule
  • Future Developments

Risk Management and Margining for ForexClear (60 mins)

  • Margin Types
  • Margining Methodology (VaR)
  • Risk Reports
  • Default Management Process

Break (10 mins)

Collateral Operations and Banking Reports Reconciliation (60 mins)

  • The Role of LCH.Clearnet Collateral Operations
  • Protected Payment System (PPS) Process
  • Banking Reports

Collateral Lodgement and Withdrawal Procedures (30 mins)

  • Acceptable Collateral
  • Custodians and Accounts
  • Regulation
  • Collateral Management System
  • Securities Settlement
  • Coupons
  • Collateral Reports

Questions and Answers

 

New Clearing Members and those extending their Clearing Member status to include the clearing of ForexClear business, are allocated free places on this course as part of the application process.

To arrange refresher training on Clearing for ForexClear, please contact the Member Training team

Training Programme

Date: This course is arranged upon request
Location: LCH Ltd Training Facility
Aldgate House
33 Aldgate High Street
London
EC3N 1EA
United Kingdom

 

Please note that the duration of each module is an approximation and actual session times may vary. All training sessions can be scheduled at a mutually convenient time.

Registration and Coffee (10 mins)

ForexClear Operations (60 mins)

  • Clearing and ForexClear
  • Service Overview
  • Trade Lifecycle
  • 24 Hour Service Schedule
  • Client Portability
  • Future Developments

Risk Management and Margining for ForexClear (60 mins)

  • Margin Types
  • Margining Methodology (VaR)
  • Risk Reports
  • Default Management Process

Break (10 mins)

Collateral Operations and Banking Reports Reconciliation (60 mins)

  • The Role of LCH.Clearnet Collateral Operations
  • Protected Payment System (PPS) Process
  • Banking Reports

Collateral Operations and Banking Reports Reconciliation (30 mins)

  • Acceptable Collateral
  • Custodians and Accounts
  • Regulation
  • Collateral Management System
  • Securities Settlement
  • Coupons
  • Collateral Reports

Questions and Answers

 

New Clearing Members and those extending their Clearing Member status to include the clearing of ForexClear business, are allocated free places on this course as part of the application process.

To arrange refresher training on Clearing for ForexClear, please contact the Member Training team.