Market:	Bonds and Repos
Products:	Spanish debt
Date:	12 January 2011

Bonds and Repos – Spanish government bonds: MTS and ETCMS

Reminder

LCH.Clearnet SA is pleased to confirm that the Spanish government bonds clearing service, with domestic settlement in Iberclear, will accept trades from MTS Repo Market and ETCMS as of Monday, 17 January 2011.

Links with several electronic trading platforms provide Clearing Members with multiple access points to LCH.Clearnet SA’s clearing facilities.

From Monday, 17 January 2011, LCH.Clearnet SA will offer Clearing Members the ability to clear:

• Electronically executed or registered trades on the MTS Repo Market and,

• Non-brokered trades through ETCMS, the Euroclear Trade Capture and Matching System used by OTC Bonds and Repos market participants. ETCMS will route matched trades to the clearing system on a real time basis during the day.

Please find attached to this Info Flash the newsletters from Euroclear and MTS.

Important note

Spanish government bonds that are cleared by LCH.Clearnet SA will be settled exclusively in gross at Iberclear during the interim phase. As such, Members will need to make settlement arrangements directly with Iberclear or a domestic settlement agent in order to setup their own instructions vis-à-vis LCH.Clearnet SA and perform the matching at Iberclear.

For all operational queries, please contact:

[email protected]
+33 (0) 1 7037 6519

Members interested in clearing Spanish Government debt can find further information here.

For further information, please contact:

your LCH.Clearnet SA product implementation managers:
Mykael Lemosle: +33 (0) 1 70 37 65 27 – [email protected] 

or your local account manager:
Michel Bokobza: +33 (0) 1 70 37 65 55 – [email protected]

Customer and Market Management LCH.Clearnet SA

Click to see a PDF version of this information

Attachments:

Introduction of Clearing Services for the Domestic Spanish Repo Segment

ETCMS enhancement