Harmonisation of French debt denomination

UNT / FMT migration successful launch

We are pleased to confirm that the migration of French Debt from UNT to FMT has been successfully carried out with the Market participants.

On Friday evening 21 October 2011, the migration has been performed. Since then, we have carefully checked and monitored the processes and all migration steps have been completed.

Thanks to this achievement, French Bonds are valorised in Facial amount in line with standard best practices:

• The denomination used for clearing and settlement of French debt instruments is in facial amount (FMT);
• The accrued coupons are extended from 3 to 7 decimals for French.

As a reminder, we have reached this objective with limited impact for our clients as the report files and message formats have remained unchanged.

This project is part of French Market Place willingness to develop market harmonisation and standardisation in line with all European working groups.

We would like to thank all our clients and partners involved in the success of this project.

For further information and for requesting support, please contact:

Your LCH.Clearnet SA Product Implementation manager:

Jean-Bertrand Lesparre: +33 (0) 1 70 37 66 46 – Mobile : +33 6 79 72 21 21
[email protected]

Or your account manager.

Customer and Market Management LCH.Clearnet SA

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