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Date:8 October 2008

Clearing SmartPool

SmartPool project launch

SmartPool, a new MTF providing a dark pool for the execution of large institutional orders on liquid pan-European stocks, announced a soft launch in November 2008 in its 30 September 2008 press release.

LCH.Clearnet SA is pleased to confirm that its clearing platform is compliant with SmartPool and has received all necessary approval from regulating authorities to clear this new market.

LCH.Clearnet SA’s members will have the possibility to clear SmartPool transactions for securities listed on NYSE.Euronext markets as soon as the market goes-live.

LCH.Clearnet SA members have the opportunity to clear the SmartPool market through a simple 3-step process:

Membership Extension

LCH.Clearnet has created a fast track process for members to extend their clearing membership to the SmartPool market.

The membership extension form is available on our website with the link hereafter:

SmartPool fast track application for LCH.Clearnet SA members

Members need to return this application form at the latest 2 weeks before their go-live.

CMF-TMF clearing agreement

Clearing members need to provide LCH.Clearnet SA with a copy of the updated clearing agreement signed between themselves and their trading member for the clearing of SmartPool.

This document shall contain the extension of the clearing agreement to the SmartPool market, and should also be sent 2 weeks prior to the beginning of the clearing to LCH.Clearnet SA.


LCH.Clearnet SA members can carry out testing with their Trading Member Firms.

LCH.Clearnet SA and SmartPool also provide members with the possibility to run tests without Trading members. All details are available in the testing guide which can be found our website at the following link: http://www.lchclearnet.com/cash_equities/projects/smartpool/

For further information, please contact your LCH.Clearnet SA Product Implementation manager:

François Marton : +33 (0) 1 70 37 67 54 – francois.marton@lchclearnet.com
your local Relationship Manager
Customer and Market Management LCH.Clearnet SA

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