LCH.Clearnet LLC US Holiday Banking Arrangements

Clearing Members are advised that LCH.Clearnet LLC (LCH.Clearnet) will be closed on Memorial Day (26 May 2014).

Margin Calls

Margin calls to cover initial margin liabilities from close of business on Friday 23 May 2014 will be sent to your PPS bank on Friday 23 May 2014 for value on Tuesday 27 May 2014.

Separate margin calls representing end of day coupons, price alignment interest and variation margin from close of business on Friday 23 May 2014 will be sent to your PPS bank at the close of business on Monday 26 May 2014 for value on Tuesday 27 May 2014¹.

Clearing members are reminded that there will be no intra-day margin calls on Monday 26 May 2014.

Reporting

Members will receive 2 sets of Banking reports over the holiday period.

The first set of reports will be available at the close of business on Friday 23 May 2014 and will contain details of end of day initial margin liabilities and intra-day postings from Friday 23 May 2014.

The second set of reports will be available at the close of business on Monday 26 May 2014 and will contain end of day postings relating to coupons, price alignment interest and variation margin from Friday 23 May 2014.

Reports are available on the member reporting website for five business days.

Further information

If you require any further information or have any questions please email Collateral Operations using [email protected] or phone: +1 212 513 5642.

¹ Except for those currencies where holidays apply and any day 2 currencies.