EquityClear OTC Clearing service

Dear Member,

LCH.Clearnet Limited (LCH.Clearnet) would like to advise its members that it has extended its EquityClear clearing service to include clearing of OTC Equity transactions.

Where OTC Equity transactions are eligible for clearing, settlement messages from EquityClear will match member instructions in the relevant CSD.

For transactions in UK securities, in order to ensure correct SDRT treatment, members should ensure that the Trade System of Origin flag is set to Z.

Should members wish to add any new OTC transactions to clearing, and benefit from the associated netting and risk reduction capabilities, please contact Ian Mackenzie on 020 7426 7265 or [email protected].

Yours sincerely

Wayne Eagle, Director, LCH.Clearnet EquityClear