LCH.Clearnet is the leading European equity central counterparty, providing clearing services to clients for equities, and equity equivalents such as exchange traded funds (ETFs), exchange traded commodities (ETCs) real estate investment trusts (REITS) and exchange traded bonds.
The EquityClear® service clears equity-based trades for LCH.Clearnet Ltd, that are executed on the London Stock Exchange (LSE), SIX Swiss Exchange, BATS Chi-X Europe and Equiduct.
The service also offers its members the ability to clear Centrally Cleared Contract for Differences (ccCFDs). LCH.Clearnet was the first European clearing provider to offer clearing services for CFDs and the first clearer globally to offer clearing for combined CFD equity trades, where the cash equity orders will be able to directly trade against ccCFDs.
The service is line with the European Commissions’ aim to increase the proportion of cleared OTC contracts, and will still enable investors to access the best market price for a trade while benefiting from all the advantages that central clearing offers. This includes reduced counterparty risk, margin offsets and collateral efficiencies. Members will also benefit from major cost and process efficiencies and give-up functionality
LCH.Clearnet SA clear transactions executed on NYSE Euronext, Bourse de Luxembourg, Equiduct and SecFinex. For more information on "How to connect" to LCH.Clearnet SA click here.
LCH.Clearnet SA
Customer Relationship Management
Arielle Combes - Head of CRM
Tel: +33 (0) 1 70 37 65 64
email: arielle.combes@lchclearnet.com
Exchange Relationship Management
François Cadario - Director of Business Development
Tel: +33 (0) 1 70 37 66 94
email: francois.cadario@lchclearnet.com
LCH.Clearnet Ltd
Ian Mackenzie - Customer Relationship Manager
Tel: + 44 (0)20 7426 7265
e-mail: ian.mackenzie@lchclearnet.com
Wayne Eagle - Executive Director, EquityClear
Tel: + 44 (0)20 7426 7038
e-mail: wayne.eagle@lchclearnet.com
18 May - Luxembourg Stock Exchange
18 May - NYSE Euronext
30 April
- EquityClear Testing dates Q3 & 4, 2012
LCH.Clearnet Limited would like to advise it members of EquityClear service testing windows. The test period allows members to review EquityClear reports across many trading venues, whilst ensuring their back office systems receive the correct output.
13 April - Products
03 April
- Buying-in process for Depositary Receipts
We would like to advise you that, effective 16 April 2012, trades in Depositary Receipts that remain unsettled on Intended Settlement Date (ISD) +5 days, will be subject to a potential buy-in.
Those parties that have not taken delivery of the securities on ISD + 5 can request us to buy-in. If requested, we will initiate the buy-in process against the failing seller.
Both LCH.Clearnet Ltd and LCH.Clearnet SA are signatories of the European Code of Conduct for Clearing and Settlement. Monitoring of compliance with the Code is the responsibility of the European Commission's Monitoring Group. Our self-assessment reports are available on the EACH website.
Both entities are fully compliant with the Code’s stipulations on accounting separation.