Clearing for LCH EnClear Services

Summary

This course assumes that delegates have an understanding of products traded on the LCH EnClear Services: Freight and Emissions markets and the role and function of LCH. If required, introductory training on the products in which LCH offers central counterparty services is provided on Understanding the Markets. As a supplement to the Risk Management session, further margining detail is provided on the London SPAN Margining course.

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

Body

Training Programme

Date: This training 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)

Clearing and Settlement Procedures (30 mins)

  • Trade Systems
  • Trade Flow and Registration
  • Settlement
  • Reports

Break (10 mins)

LCH EnClear Services Clearing Workshop (60 mins)

  • ClearWay Demonstration and Practical Exercises
  • ECS Demonstration and Practical Exercises

Risk Management and Margining for LCH EnClear Services: Freight and Emissions Contracts (60 mins)

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

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

Associated Training

In addition to the training detailed above, the following reference guide is available:

  • ECS Reference Guide: Coal Options

 

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

To arrange refresher training on Clearing for LCH EnClear Services: Freight and Emissions, please contact the Member Training team