Explore the Archive
- Risk Notices Ltd
- Risk Notices SA
- Default Fund Notices SA
- Circulars
- Flash infos Bonds & Repos
- Flash infos Derivatives
- Flash infos Equities
- Flash infos Other
- Fixed Income Notices Ltd
- Legal Notices SA
- Membership Notices SA
- General Information
- General Member Meetings
- Press Releases
- SA Completion of Application Documentation
- SA Clearing Specifications
- SwapClear Legal Documentation
| Company Circular No: | LCH.Clearnet LLC Circular No 20 |
| Date: | 25 November 2013 |
| To: | All Clearing Members |
Changes to fees for LLC Protected Payments System (PPS*) services
Members are advised that with effect from 1 January 2014, all UK and US banks offering the PPS* service will be charging LCH.Clearnet LLC for transaction costs relating to all PPS call/pays. As a consequence, LCH.Clearnet LLC intends to pass these charges on to members. Members will be advised of the amount of a fee via a circular.
Please ensure that this information is circulated to the relevant area within your organization.
*PPS is LCH.Clearnet LLC’s direct debit system for the transfer of funds to and from clearing members.