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Originating department:Business Operations
Company Circular No:LCH.Clearnet Ltd Circular No 2803
Date:02 March 2011
To:All NYSE Liffe Members

NYSE Liffe equity settlements Euroclear Partials

We would like to advise our clearing members that Euroclear Bank will introduce automatic partial settlement between LCH.Clearnet Limited and both buying/selling parties for equity deliveries arising from NYSE Liffe activity from 28 March 2011.

This change will not require procedural or operational changes to be implemented by members.

The move follows requests from members and subsequent consultation with NYSE Liffe and Euroclear Bank to assist in working towards greater settlement efficiency. 

For further details on the process and testing, please refer to Euroclear Bank notice 2011-N-013. 

Yours sincerely


Kevin Watts
Senior Manager, Equity and Commodity Derivatives
Operations Business Operations