Cash Markets, Derivatives markets, Fixed Income products and Triparty Repo clearing services

The purpose of the Rules and Regulation is to formalise the relationship between LCH.Clearnet SA and its Clearing Members by describing each other's rights and obligations.

These rules that are governed by French law consist in:

• The Rule Book

  • Title I : General Provisions and Legal framework

  • Titles II : Membership

  • Titles III : Clearing operations

  • Title IV : Risk Management

  • Title V : Triparty Repo clearing services

• The Instructions describing the general provisions, specific issues at last technical

• The Notices stating operational details and other information such as timeframes, prices....

The rules are regularly up-dated in order to stick with the evolution of our activity.

Due to local legal provisions, LCH.Clearnet SA is submitted to French, Dutch, Belgium and Portuguese regulators as follows:

• Banque de France, Autorité des Marchés Financiers, Autorité de Contrôle Prudentiel

• Banque Nationale de Belgique

• De Nederlandsche Bank, Autoriteit Financiële Markten

• Banco de Portugal, Comissão do Mercado de Valores Mobiliarios

In parallel, once the Coordination Committe on Clearing (CCC) has granted its approval on the rules, LCH.Clearnet SA follows the local procedure for a "formal" request for approval of the Rule Book to be granted by the AMF and the Belgium Ministry of Finance.