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Originating department:Commercial Services
Company Circular No:LCH.Clearnet Ltd Circular No 2878
Service Circular No:SwapClear Circular No 072
Date:31 May 2011
To:All SwapClear Clearing Members

SwapClear DMP Fire Drill - 20 June 2011

Dear SwapClear Member,

A Fire Drill of the SwapClear Default Management Process (“DMP”) is scheduled to commence on Monday 20 June 2011 and will continue until Friday 1 July 2011.

As SwapClear members are signatories of the Default Management Process Agreement (DMPA), they are required to demonstrate that they can fulfill the obligations required of them and are therefore obliged to participate. Please note that as a mandatory regulatory activity, all conclusions will be reported to the FSA.

Detailed information of this Fire Drill was communicated to each member directly on 5 April 2011. Updates and further information were communicated on 15 April 2011 and 20 May 2011.

Summary of the Fire Drill:

If you require further details please contact SwapClearDMPFireDrill@lchclearnet.com or Dee Dervish on +44 (0) 20 7426 7912 or dee.dervish@lchclearnet.com.