Originating department:	Commercial Services
Company Circular No:	LCH.Clearnet Ltd Circular No 3039
Service Circular No:	SwapClear Circular No 074
Date:	28 November 2011
To:	All LCH.Clearnet Limited SwapClear Clearing Members and FCM Clearing Members

Member notification: SwapClear Service Upgrade for FCM II and PEP Release

LCH.Clearnet Limited will be upgrading SwapClear for FCM II and PEP Release on Monday December 5, 2011

The timelines for the upgrade are as follows:

• Friday December 2, 2011
o New FCM I trades will no longer accepted
o COB GMT - Member Reports will be of the New format as per FCM II and PEP release. All members are kindly reminded to ensure their systems have been upgraded to incorporate the changes
o SwapClear will continue normal hours of operation and will be closed as per current closing time of 10.00 pm GMT (5.00 pm EST)

• Saturday December 3,  2011
o SwapClear will be upgraded
o SwapClear FCM I T4 to FCM II T2 trade migration will take place 
          o PM GMT - Affected members (SCM and FCM) will receive pre migration report 
          o PM/Evening  GMT - Affected members (SCM and FCM) will receive post migration report

• Sunday December 4, 2011
o By 12.00 pm GMT  the SwapClear upgrade will have completed
o By 12.00 pm GMT  SwapClear Member Reports (for COB Friday December  2 2011) will be available.  These will reflect changes delivered in FCM II and PEP release
o MarkitWire will be performing their FCM I T4 to FCM II T2 trade migration process

• Monday December 5, 2011
o 07:30 am GMT – The upgrade will have been implemented SwapClear will be open for business

**Key points for all SwapClear members**
• COB Friday December 2, 2011 -  Member Reports will be of the New format as per FCM II and PEP release
o All members are kindly reminded to ensure their systems have been upgraded to incorporated the changes

Should you have any enquiries regarding the Service upgrade please contact [email protected]