Explore the Archive
- Risk Notices Ltd
- Risk Notices SA
- Default Fund Notices SA
- Circulars
- Flash infos Bonds & Repos
- Flash infos Derivatives
- Flash infos Equities
- Flash infos Other
- Fixed Income Notices Ltd
- Legal Notices SA
- Membership Notices SA
- General Information
- General Member Meetings
- Press Releases
- SA Completion of Application Documentation
- SA Clearing Specifications
- SwapClear Legal Documentation
| Originating department: | Treasury Operations |
| Company Circular No: | LCH.Clearnet Ltd Circular No 3230 |
| Date: | 27 November 2012 |
| To: | All Members and PPS Banks |
Christmas and New Year Payment Arrangements 2012
Margin Calls
LCH.Clearnet Limited (LCH.Clearnet) will be closed on Tuesday 25 December 2012 and Tuesday 1 January 2013. No margin calls will be processed on these dates as all LCH.Clearnet clearing services are closed.
Margin calls from close of business Monday 24 December 2012 relating to SwapClear, ForexClear and Nodal clearing services will be processed and called from your PPS bank for value on Wednesday 26 December 2012 (except for those currencies where holidays apply). Margin calls relating to all other clearing services will be processed and called from your PPS bank for value on Thursday 27 December 2012.
SwapClear, ForexClear and Nodal will be open for business as usual on Wednesday 26 December 2012 and will be subject to the normal business day processes, including intraday margin calls, and deadlines as detailed in our Rules & Regulations.
For all other clearing services, Risk Management will assess clearing member exposures up until Monday 24 December 2011 and may call for additional margin to cover forward exposures.
Margin calls from close of business on Monday 31 December 2012 relating to all clearing services will be processed and called from your PPS bank for value on Wednesday 2 January 2013 (except for those currencies where holidays apply).
Reporting
Banking reports from close of business on Monday 24 December 2012 will be available for SwapClear, ForexClear and Nodal clearing members on Wednesday 26 December 2012 from 06:00 (GMT).
For clearing services that are closed on Wednesday 26 December 2012, Banking reports from close of business Monday 24 December 2012 will be available on Thursday 27 December 2012 from 06:00 (GMT).
Reports are available on the member reporting website for five business days.
Service Opening Table
The red columns denote days on which LCH.Clearnet Ltd is closed.
Further information
If you have any queries, please contact the Treasury Operations department by phone on 020 7426 7505 or by email at [email protected]
Siobhán White
Director, Treasury Operations