LCH Ltd - EquityClear Priority 2 for German settlements
Circular No. |
LCH Circular No 3956 |
Date: |
13th June 2018 |
To: |
All LCH Ltd EquityClear Clearing Members |
Dear Member
LCH Ltd EquityClear is delighted to inform our members that from trade date 2nd July 2018, German equity settlements will receive the highest priority (Priority 2) for settlement in Clearstream Banking Frankfurt (“CBF”).
Please note, there will be a requirement for members to change the LCH Standard Settlement Instructions (“SSIs”) from the above noted date. The changes are as follows:
Existing SSI’s:
DEAG/REAG : CITIDEF1002
SELL/BUYR : LCHLGB2EXXX (optional for the SWIFT message)
SAFE : DAKV7256000 (optional for the SWIFT message)
Revised SSI’s:
DEAG/REAG : LCHLGB2EVTX
SELL/BUYR : LCHLGB2EXXX (optional for the SWIFT message)
SAFE : DAKV4449000 (optional for the SWIFT message)
The addition of the German CSD extends the existing top priority settlement already received at Monte Titoli, Iberclear, Euroclear France, Euroclear Belgium and Euroclear Netherlands
LCH will also receive the highest priority for deliveries from Euroclear Finland and VP Denmark when the respective markets go live with T2S.
These changes are part of the continuing programme of improvements EquityClear is delivering to assist our members in optimising efficiencies for their Equities businesses
If you require further information, please contact either:
Ian Mackenzie Tel: + 44 (0) 207 426 7265 Email: ian.mackenzie@lch.com or
Tim Beckwith Tel: + 44 (0) 207 426 7276 Email: tim.beckwith@lch.com
Yours Sincerely
Tim Beckwith
Head of Sales & Relationship Management, Equities
P: + 44 (0) 20 7426 7276
M: + 44 (0) 7515 597233
lch.com