LCH.Clearnet LLC Collateral Management System (CMS) - Cash Instruction Splitting

Clearing Members are advised that with effect Monday 24th March 2014, the Collateral Management System (CMS) will be updated to provide Cash Instruction Splitting functionality as follows:

Cash Deposit & Cash Withdrawal screens - New layout for Input and Authorise to facilitate cash instruction splitting, allowing for the deposit or withdrawal of cash against multiple segregated accounts in a single instruction

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 (this is purely optional, with no mandatory requirement for Members to test the changes).

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 Monday 17th March 2014.

If you have any questions related to the implementation please email Collateral Services on [email protected].