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Originating department:Treasury Operations
Company Circular No:LCH.Clearnet Ltd Circular No 2913
Date:22 July 2011
To:All Members

Extension of Non-Cash Margin Collateral Deadlines

Dear Member,

From Monday 1 August 2011 we will be extending our deadlines for the settlement of non-cash collateral for margin purposes.

LCH.Clearnet Ltd will be extending the time at which it can receive instructions for security settlement. The current deadlines in place to receive instructions for security settlement are 15:30 (UK Time) for custodians Euroclear Bank and Citibank, New York.

New deadlines for receiving instructions, which will take effect from Monday 1 August 2011 are:

 Euroclear Bank         16:30 (UK Time)
 Citibank, New York   19:00 (UK Time)

For further settlement procedures please refer to Section 4 of our Rules and Regulations on our website. 

If you have any questions related to this circular, please do not hesitate to contact:

Jenny Cronin on +44 20 7426 7095 or jenny.cronin@lchclearnet.com

Martin McCrystal on +44 20 7426 7237 or martin.mccrystal@lchclearnet.com


Siobhan White
Director, Treasury Operations