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.

In order to value the Margins, EquityClear SA and CommodityClear SA use the prices provided by relevant Regulated Markets or Trading & Matching Platforms as mentioned in Instruction I.3.4 and data providers.

 

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 are eligible to clear products subject to approval.

Buy In

LCH will repurchase the following securities (equities, right, coupon...) for immediate delivery.

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 : 12-10-2018
BUSINDATE MARKET CSD DESCRIPTION ISINCODE TRADING QUANTITY PRICE CUR
12/10/2018 TSS EF LYXOR ETF SX BANKS FR0011645647 FR0011645647 1700.000 108.3 EUR
12/10/2018 TSS EB AMUNDI MSCI JAP Y LU1602144815 LU1602144815 1649.000 29175.6 JPY
12/10/2018 TSS EB AMUNDI ETF MS EM B LU1681045453 LU1681045453 1413555.000 5.1488 USD
12/10/2018 TSS ENL L&G Robotics IE00BMW3QX54 IE00BMW3QX54 443.000 15.1656 EUR
12/10/2018 TSS EB ISHARES MSCI CEMP IE00BG0J9Y53 IE00BG0J9Y53 22000.000 5.9364 GBP
12/10/2018 TSS EF CMNE4.25%27JUN2026 FR0011781061 FR0011781061 2100.000 136.8 EUR
12/10/2018 TSS EB NB PRIV EQ PARTN GG00B1ZBD492 GG00B1ZBD492 47.000 17.1 USD
12/10/2018 TSS EF BNPP CAC 40 FR0010150458 FR0010150458 7325.000 10.284 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.