Enhancements of the Italian debt clearing services

Extension of the CCP Service to Overnight Repos

LCH.Clearnet SA is pleased to announce the extension of its CCP service to Overnight Repos for Italian government bonds.

The service will be available for all trading platforms on Italian government bonds and will bring CCP guarantee and anonymity to Overnight Repos currently traded bilaterally.

LCH.Clearnet SA has been providing such a service on French government bonds since 1998.

Membership

No additional membership is required. Existing members will automatically benefit from this new service.

Testing period

LCH.Clearnet SA will participate in the full chain test organized with all involved participants (trading platforms, Monte Titoli, CC&G and settlement agents) from 14 September 2009 to 15 October 2009.
As communicated by Monte Titoli, this test is mandatory for participants planning to use this service: a member readiness will be required by LCH.Clearnet SA.
A communication with detailed test calendar, guidelines and readiness form will follow.

How to participate

Members are advised to contact LCH.Clearnet SA (see contacts at the end of this notice) in order to confirm their participation to the test and provide with a main point of contact.

Production date

The production date will be defined by Monte Titoli at the closure of the test period. LCH.Clearnet SA will relay the information to its members as soon as it is available.

For further information, please contact:

your LCH.Clearnet SA product implementation manager:Jean-François Sougakoff: +33 (0) 1 70 37 65 36 – [email protected]

or your local account manager

Customer and Market Management LCH.Clearnet SA

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