Harmonisation of French Debt Denomination

List of bonds not included in the scope of UNT/FMT migration

The launch of the harmonisation of the French debt denomination project is expected to be launched on Monday 24 October 2011. The project aims to harmonise the denomination used for clearing and settlement of French debt instruments on NYSE Euronext’s regulated bond markets from units (UNT) to facial amount (FMT).

The Bonds with the following characteristics will not be included in the scope of the change in denomination to FMT. :

• Bonds with a decimalized (other than 0.10 and 0.25) or atypical nominal
• Bonds with a decreasing nominal.

As a consequence and as of Monday 24 October bonds in UNT will no longer be available for clearing through LCH.Clearnet. To let the settlement processes taking place before the migration, these bonds will be removed from the NYSE Euronext regulated markets trading engine as of 13 October 2011. Their trading will remain available off-market through NYSE Euronext’s Trade Confirmation System (TCS).

For further details please refer to the NYSE Euronext Info Flash sent on Wednesday 15 June.

The latest version of the list of securities is available on our website and updated on a regular basis:

For further information, please contact:

Your LCH.Clearnet SA Product Implementation manager:

Jean-Bertrand Lesparre: +33 (0) 1 70 37 66 46 – [email protected]
or
your account manager.

Customer and Market Management LCH.Clearnet SA

Click to see a PDF version of this information