Business Streams
| Market: | BlueNext |
| Products: | Futures on Carbon |
| Date: | 17 April 2008 |
Announcement
Clearing Fees and Posting Specifications for BlueNext
To all its Clearers on the BlueNext Futures on Carbon Market, LCH.Clearnet would like to remind some specificities of posting for BlueNext transactions:
No Automatic/Systematic posting is available at the outset of trading on BlueNext. Only manual posting is possible and will have to be executed before 7:30 pm. If posting is not made before this time, all positions will be automatically posted in Clearer's "suspens account.
All positions will have to be sorted out from the "suspens" account within five days. Clearers can use the transfer or correction functionality. Fees will be charged for these operations.
Fee holiday (until 31 July 2008) is offered by LCH.Clearnet to the Market Makers who post their trades in their market making positions account only.
For all Clearers, LCH.Clearnet offers fee holiday on legacy trades – refund will be made in monthly invoicing.positions will have to be sorted out from the “suspens” account within five days.
For further information, please contact:
your LCH.Clearnet SA Product Implementation manager:
François Cloutier: +33 (0) 1 70 37 66 62 – francois.cloutier@lchclearnet.com
or
your Relationship Manager:
Michel Bokobza: +33 (0) 1 70 37 65 55 – michel.bokobza@lchclearnet.com
Customer and Market Management LCH.Clearnet SA
