Price Data Feed Enhancements

As announced on 12 January 2009, LCH.Clearnet SA is in the process of enhancing the internal data feed that supports the Fixed Income clearing operations in French and Italian bonds and repo.

Following the last Info Flash, dated 10 July 2009, announcing the launch of the enhanced price data feed, we can confirm that the launch will take place on Friday 24 July 2009.

Reminder of Impacts:

• As a consequence of the validation steps for data integration, report creation etc. that must be followed to ensure a successful launch, the end of day processes of the launch date will be delayed. As such the Members’ Fixed Income reports, which are usually sent between 22h00 and 23h00, will be delayed. The reports will be delivered before midday (CET) the day following the launch (Saturday).

• One minor consequence of the data feed enhancement will be that in the WebOTC “Settlement Prices Daily Report” the “Yield to Maturity” field (field number 6) will be set to zero. There will not be any changes to the format of the report.

Based on feedback, LCH.Clearnet SA does not believe that any Fixed Income Clearing Members use this field. Therefore we do not anticipate any significant impact from this change.

For further information, please contact:

your LCH.Clearnet SA product implementation manager:
Tom BADMAN: +33 (0) 1 70 37 67 69 – [email protected]
or
the Fixed Income Market Liaison:
Nick Maggs, +44 (0) 20 7426 7442 – [email protected]

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