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| Market: | Bonds and Repos |
| Products: | All |
| Date: | 12 November 2010 |
Bonds and Repos - Member reports
Report enhancements
LCH.Clearnet SA is enhancing Members Reports on its Bonds and Repos clearing service in order to introduce clearing services on Spanish government debt.
Those enhancements are thoroughly detailed in the Bonds and Repos Member reports document attached to this Info Flash.
Although most changes will only be visible to active Members on Spanish Government debt, LCH.Clearnet SA would like to draw Member’s attention to a few changes which will also be visible to Members active on the French and Italian debts.
More information on the Spanish debt service will be provided in a separate Info Flash.
Please find below a summary of the changes in the Member reports.
Detail of Clearnet Operations HTML report (KOND), Margin deposit section
A new field labelled “Class narrative” and a new field labelled “Duration” will be added respectively in second and third position of the margin deposit table. Those fields will contain labels set by our Risk department for the concerned class. Those fields can be considered “for information only” for Members only active on French and Italian debts.
A new table will be added in order to sum the initial deposits calculated on French/Italian debt positions and Spanish debt positions. This table can be ignored Members only active on French and Italian debts.
Initial margin report (TRDG)
Two new fields have been added at the end of the report:
Identification of the debt: only lines with this value set to “IF” have to be considered for Italian and French debts. Lines with values “ES” and “TT” will be used for the Spanish debt service and can be ignored for Members only active on French and Italian debt.
Duration narrative: This field will contain a label set by our Risk department for the concerned class. This field can be considered “for information only” for Members only active on French and Italian debts.
The length of field “Priority” will change from 2 to 4 characters, the length of field “Class” will change from 2 to 3 characters.
The report enhancements will be available on the Bonds and Repos External User Acceptance environment as from Thursday 18 November 2010. Members can test the enhancement following a free testing principle.
The expected go live date is on Friday 17 December 2010, along with the launch of the Clearing service on Spanish government debt.
For further information, please contact:
your LCH.Clearnet SA product implementation managers:Mykael Lemosle: +33 (0) 1 70 37 65 27 – [email protected]
Jean-François Sougakoff: +33 (0) 1 70 37 65 36 – [email protected]
or your local account manager:
Michel Bokobza: +33 (0) 1 70 37 65 55 – [email protected]
Customer and Market Management LCH.Clearnet SA