LCH.Clearnet Ltd provides clearing services for all order book trades in stocks, ETFs and ETCs on the London Stock Exchange (LSE), the coverage is across SETS, SETSqx and AIM securities and settle in Euroclear UK & Ireland.
LCH.Clearnet also clear trades executed on the LSE’s International Order Book (IOB). Settlement takes place in Euroclear Bank under standard Power of Attorney. This service is further enhanced by LCH.Clearnet offering its members a trade confirmation service, for further information please see our Technical Documents.
It is also possible to clear trades executed on The London Stock Exchange International Board the service will allow members to trade and clear London traded constituents of Strait Times Index (STI30) and MSCI Singapore Index, that are all currently traded on the Singapore Stock Exchange (SGX). For further information please see our Technical Documents.
By clearing through LCH.Clearnet, LSE clearing members benefit from counterparty risk management, settlement netting, straight through processing and counterparty anonymity. LCH.Clearnet’s direct connection to the central securities depositary (CSD) means the customer benefits from the lowest settlement costs and therefore the most efficient corporate event processing is offered.
The LSE is one of the world’s oldest stock exchanges, offering listing and secondary trading in company stocks as well as Bonds, ETFs, exchange traded commodities, covered warrants and various listed structured products. It became a publicly listed company in 2001 by listing on its own exchange.
The LSE is a recognised Investment Exchange (RIE) based in London, supervised by the Financial Services Authority (FSA).
Further information about the products and services the London Stock Exchange can be found on the London Stock Exchange website: http://www.londonstockexchange.com
Roland Chai - Head of Equities, Limited
Tel:+ 44 (0)20 7392 8257
e-mail: [email protected]
Ian Mackenzie - Customer Relationship Manager
Tel: + 44 (0)20 7426 7265
e-mail: [email protected]