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| Company Circular No: | LCH.Clearnet LLC Circular No 24 |
| Date: | 5 December 2013 |
| To: | All Clearing Members & PPS Banks |
LCH.Clearnet LLC Christmas and New Year Payment Arrangements 2013
Margin Calls
- LCH.Clearnet LLC (LCH.Clearnet) will be closed on Wednesday 25 December 2013 and Wednesday 1 January 2014. No margin calls will be processed on these dates.
- Margin calls from close of business Tuesday 24 December 2013 will be processed and called from your PPS bank for value on Thursday 26 December 2013 (except for those currencies where local holidays apply).
- SwapClear will be open for business as usual on Thursday 26 December 2013 and 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 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 and Tuesday 31 December 2013 will be available at the normal time.
Further information
If you have any queries, please contact the Collateral Operations department by phone on Tel: +1 212 513-5642 or by email at [email protected]