LCH.Clearnet Ltd Christmas and New Year Payment Arrangements 2013

Further to Circular 3382 dated 2 December 2013 in relation to Christmas and New Year Opening Times, the purpose of this circular is to provide detailed information on payment arrangements over the Christmas and New Year Period.

Margin Calls

• LCH.Clearnet Limited (LCH.Clearnet) will be closed on Wednesday 25 December 2013 and Wednesday 1 January 2014. No margin calls will be processed on these dates as all LCH.Clearnet clearing services are closed.
• Margin calls from close of business Tuesday 24 December 2013 relating to all clearing services will be called from your PPS bank for value on Thursday 26 December 2013 (except for those currencies where local holidays apply).
• Those clearing services that are open on Thursday 26 December 2013 will be subject to the normal business day processes including intraday margin calls and deadlines as detailed in our Rules & Regulations.
• Margin calls from close of business on Tuesday 31 December 2013 relating to all clearing services will be processed and called from your PPS bank for value on Thursday 2 January 2014 (except for those currencies where local holidays apply).

Reporting

• Banking reports from close of business on Tuesday 24 December 2013 will be available for all Members on Wednesday 25 December 2013 from 06:00 (GMT).
• Banking reports from close of business on Tuesday 31 December 2013 will be available for all Members on Wednesday 1 January 2014 from 06:00 (GMT).

Further Information

If you have any queries, please contact the Collateral Operations department by phone on 020 7426 7505 or by email at [email protected]