Essentials

Everything you need to know about clearing your trades at EquityClear SA

Clearing Trades at EquityClear

EquityClear SA offers its members the ability to clear equities and derivatives from a number of different exchanges and execution venues.

Despite the inevitable variation that exists in transaction processes and procedures at each of our trading platform partners, LCH has developed a single harmonious trade workflow to seamlessly guide our member’s trades into EquityClear and through to settlement in the most efficient manner possible.

Trade Workflow

All transactions that are submitted to EquityClear SA are registered on a real time basis in its clearing system in the name of the Clearing Member. Upon registration novation occurs.

The cash clearing system is open for the registration of trades between 9:00am CET to 5:40pm CET. On receipt and confirmation of eligible transactions into the clearing system, trades are governed under the rules of the LCH SA Rulebook.

For transactions registered in the cash clearing system margins are required to cover the liquidation risk, and the negotiation risk. The calculations are made using SPAN ®.

Members of LCH SA (to be added) are eligible to clear products subject to approval.

Buy In

LCH[WU1] will repurchase the following securities (equities, right, coupon...) for immediate delivery (see attached document).

The date mentioned in the first column refers to the buy-in positions triggered yesterday and published by LCH this current business day.

PUBLICATION DATE : 13/11/2016

BUINDATE

MARKET

CSD

DESCRIPTION

ISINCODE

TRADING

QUANTITY

PRICE

CUR

11/11/2016

TSS

ENL

AAREAL BKCAP FD TR

XS0138973010

XS0138973010

501.000

30.852

EUR

11/11/2016

TSS

EF

BOURBON CORP.

FR0004548873

FR0004548873

2229.000

13.716

EUR

11/11/2016

TSS

EF

H2O INNOVATION INC

CA4433003064

CA4433003064

24000.000

2.028

EUR

11/11/2016

TSS

EF

UBS ETF CBSUS

LU1215461085

LU1215461085

1.000

18.06

EUR

11/11/2016

TSS

ENL

ING 3.625%25FEB26

XS1037382535

XS1037382535

11000.000

130.584

EUR

11/11/2016

TSS

EB

ISHARES PROP EURO

IE00B0M63284

IE00B0M63284

5797.000

42.03

EUR

11/11/2016

TSS

ENL

VANGUARD FTSE APXJ

IE00B9F5YL18

IE00B9F5YL18

7806.000

23.664

EUR

11/11/2016

TSS

ENL

AEGON 6%PL

NL0000168466

NL0000168466

3000.000

123.996

EUR

11/11/2016

TSS

EB

ISHARES S&P 500

IE0031442068

IE0031442068

136829.000

23.7648

EUR

For any information, please contact your Trading or Clearing member to make your offer. As direct member of LCH SA you can immediately contact the operational department in Paris : +33 1 70 37 42 92

or the local LCH Branch in Brussels :  +32 2 274 55 03
or in Amsterdam : +31 20 524 5968
or in Porto : +351 22 615 84 59

Finanical listed derivatives - Trade Workflow and Submission

EquityClear’s clearing service for financial derivatives operates through the Derivatives Clearing System. Once trades are matched on the Euronext platform, registration of matched transactions presented to LCH occurs on a real time basis.

The Derivatives Clearing System is open for the registration of trades between 07.30 CET and 20.00 CET. On receipt and confirmation of eligible transactions into the Derivatives Clearing System, trades are governed under the rules of the LCH SA Rulebook

Once the positions at the end of the trading day have been determined, LCH calculates the premiums, initial margin and variation margin to be paid or received by each clearer. After the exercise/assignment of products for cash settlement, an amount is to be received or paid by the Clearing Member Firm.

Members of Euronext and LCH are eligible to clear products subject to approval. More information on becoming a member of LCH SA can be found here.

LCH website is currently being re-designed – EquityClear SA pages may be amended in the coming weeks.