Originating department:	Commercial Services
Company Circular No:	LCH.Clearnet Ltd Circular No 2637
Service Circular No:	LCH EnClear No 289
Date:	11 June 2010
To:	All LCH.Clearnet EnClear Members

LCH EnClear Spot and Forward Emissions Contracts- Phishing attacks on European emissions trading registry accounts

During January 2010 “phishing” incidents effecting emissions trading registries in the European Union culminated in the unauthorised transfer of 250,000 emissions certificates from the German Emissions Trading Registry (http://www.dehst.de/nn_658360/SharedDocs/Presse__EN/Press__releases/2010/004__2010.html). 

LCH.Clearnet would like to remind members of their obligations in respect of instruments that are permissible for delivery under the LCH EnClear OTC Regulations highlighting Section 6A.7.3.3 in order that appropriate action may be taken.

6A.7.3.3 Nature of the Instruments to be delivered

Instruments to be delivered shall meet the relevant eligibility criteria set out in the Schedule to the LCH EnClear OTC Regulations. Each Clearing Member shall ensure that any Instruments it delivers in performing its obligations under an LCH EnClear OTC Contract within the OTC Emissions Service are free and clear of all and any encumbrances.

Further please take note of the following data listing those instruments that were subject to unauthorised transfer from the German Emissions Trading Registry.

Start Serial Number	End Serial Number
71630251	71676250
1651350878	1651398998
1651398999	1651404998
1665430173	1665436572
1695386733	1695420785
1695538100	1695576188
1695638916	1695659915
1695659916	1695660915
1706883850	1706885641
2039733159	2039735037
2051794990	2051797589
2081637314	2081643260
2081795784	2081799694
2092593840	2092609547

If you have any questions relating to this circular, please do not hesitate to contact me on +44 20 7426 6323, [email protected].

Yours sincerely,

Jason LaBrooy

Commercial Services