BATS pan European Clearing

Dear Member,

LCH.Clearnet Limited (LCH.Clearnet) would like to advise you that from late July 2011, subject to regulatory approval, we will be offering clearing services to BATS Europe across all interoperable ISIN’s.

Clearing pan European equities via our EquityClear service will enable you to benefit from centralised clearing, risk management processing, and further reduce your cost of clearing through our global tariff structure.

Under the BATS Europe model, EquityClear members can benefit from risk consolidation using ERA, Europe’s most efficient Equity risk algorithm.

BATS Europe participants who wish to nominate LCH.Clearnet as their preferred CCP should contact BATS Europe directly: Participant Services Tel: 020 7012 8902 or [email protected]

BATS Europe and LCH.Clearnet will offer an optional testing window prior to go live. If you wish to test or if you require further information please contact: Ian Mackenzie on 020 7426 7265 or [email protected].  

Yours sincerely

Wayne Eagle, Executive Director, LCH.Clearnet EquityClear