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| Originating department: | Treasury Operations |
| Company Circular No: | LCH.Clearnet Ltd Circular No 3250 |
| Date: | 23 January 2013 |
| To: | All Clearing Members and PPS Banks |
LCH.Clearnet Ltd Opening Days 2013
LCH.Clearnet Ltd (LCH.Clearnet) will be open for business on the UK Bank Holidays in 2013 as detailed in the Service Opening table below.
This circular does not provide an exhaustive list of the individual markets/exchanges opening dates - please refer to the market/exchange notices for more detailed information. LCH.Clearnet will be open on all weekdays not specifically mentioned in the Service Opening table.
Easter
Margin Calls
Margin calls from close of business on Thursday 28 March 2013:
SwapClear and ForexClear – Margin calls will be processed and called from your PPS bank for value on Monday 1 April 20131.
Nodal – Margin calls will be processed and called from your PPS bank for value on Monday 1 April 20131.
All other Clearing Services – Margin calls for all clearing services with the exception of SwapClear, ForexClear and Nodal will be processed and called from your PPS bank for value on Tuesday 2 April 20131.
SwapClear and ForexClear will be open for business as usual on Monday 1 April 2013 and will be subject to the normal business day processes, including intraday margin calls and deadlines as detailed in our Rules and Regulations.
Nodal will be open for business as usual on Monday 1 April 2013 and will be subject to the normal business day processes, including intra-day margin calls and deadlines as detailed in our Rules and Regulations.
For all other clearing services, Risk Management will assess member exposures up until Thursday 28 March 2013 and may call additional margin to cover forward exposures.
Reporting
Banking reports from close of business on Thursday 28 March 2013:
SwapClear and ForexClear – reports will be available to clearing members on Friday 29 March 2013 from 06:00 (GMT).
Nodal – reports will be available to clearing members on Monday 1 April 2013 from 06:00 (GMT).
All other Clearing Services – reports will be available on Tuesday 2 April 2013 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 is closed.
1 Except for those currencies where holidays apply and any day 2 currencies.
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].