New Invoicing System

LCH.Clearnet Ltd is introducing a new invoicing system for clearing, levy and other transaction fees. This will be operational from the October month-end invoices, which will be issued in early November. This means the layout of your invoices will change to a format which has been designed to be easier to read and more clearly separates the different services that the Company charges for. There will be no change to interest and accommodation invoices at this stage, or to invoices issued by LCH.Clearnet SA in Paris.

In conjunction with the new invoices the collection date for fees has also been brought forward one day to align it with the payment of interest on member balances. Therefore, the bulk of fees, which are charged on the month-end invoice, will be collected on the second working day of the next month, as opposed to the current third working day. For those invoices issued during the month, fees will be collected one day after the invoice is issued rather than the current two.

If you have any queries on invoicing please contact the Fee Invoice Team at FeeInvoiceTeam@lchclearnet.com.