Clearing for London Stock Exchange Derivatives


This course assumes that delegates have an understanding of London Stock Exchange Derivatives products. 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:


Training Programme

Date: This training is arranged upon request
Location: LCH Ltd Training Facility
Aldgate House
33 Aldgate High Street
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 (60 mins)

  • Matching
  • Settlement
  • Corporate Actions
  • Fees
  • Reporting

Risk Management and Margining for London Stock Exchange Derivatives (60 mins)

  • Margin Types
  • Margining Methodology (London SPAN)
  • 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

Associated Training

Training on the Bourse Italiana Clearing System (BCS) is arranged by the London Stock Exchange Derivatives Member Services team upon request. This is typically provided only for new Exchange members as part of the membership application process.

For further details about London Stock Exchange Derivatives training, please contact the following:

Support Desk  

Telephone:       +44 (0) 20 7797 1500

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

To arrange refresher training on Clearing for London Stock Exchange Derivatives, please contact the Member Training team.