CMS - SWIFT MX Messaging Service Released - LLC

Clearing Members are advised that with immediate effect, the Collateral Management System (CMS) will now be able to accept Collateral Proposal SWIFT MX Messages, from members that have registered for the service.

This follows the publication of the “CMS Reference Guide for SWIFT MX Messaging” and associated documentation announced on 15th October 2013 and updated with minor changes today, 26th November 2013.

The CMS SWIFT MX Messaging Service provides Clearing Members with a new interface for instructing collateral movements with LCH.Clearnet. Allowing for an efficient, scalable and standardised solution for Clearing Members to manage the increase in collateral velocity brought about through regulatory change and the evolution of different asset protection and segregation models. The service is provided in addition to the current CMS User Interface and supports the following instruction types: Cash Deposit, Cash Withdrawal, Cash Transfer, Security Lodge, Security Release and Security Transfer.

Documentation can be found at the following link:
www.lchclearnet.com/risk_management/llc/benefits_of_the_collateral_management_system.asp

In support of these changes the Member Test environment of CMS has also be updated.

For further information please contact:
[email protected]