Updates - Collateral Management System

Clearing Members are advised that with effect from Monday 14th October 2013, the Collateral Management System (CMS) will be updated as follows:

• Lodge, Release and Transfer Security screens all benefit from a new multi-pane overlay design – making them easier to read and complete;
• The newly separated settlement party pane has been enhanced with the introduction of SWIFT qualifiers, field description prompts and onscreen validation applied across both Lodge and Release – making it clearer to the user what needs to be input and improving STP;
• Italian Tax Number now mandatory when an Italian ISIN is selected for lodge and release instructions;
• Lodge Security no longer supports manual input of client names when using client owned assets, and the confirm client consent tick box has been removed – This enforces the pre-submission of client consent forms for non SwapClear Mnemonics;
• User Profile screen now supports an export option for all Client Consent Details – allowing these to be reviewed and recorded off-line.

Overall these changes are targeted at bringing more efficient processing and reducing operational risk.

In support of these changes the Member Test environment of CMS has been upgraded to reflect the functionality detailed above, should you wish to familiarise yourself with the new screens prior to go-live.

The CMS Reference Guide will include instructions for using the new functionality and will be available for Clearing Members to download from the Collateral Management area of the LCH.Clearnet website, from 14 October 2013.

Further information

If you have any queries, please contact Collateral Operations by phone on 020 7426 7593 or by email at [email protected]