New settlement location for equity transactions cleared by LCH EquityClear

12.08.2020

Clearstream Banking1 would like to inform customers that effective

24 August 2020

LCH EquityClear (LCH) cleared global depository receipts listed on the London Stock Exchange’s International Order Book (including global depository receipts listed on the Shanghai Segment of London Stock Exchange’s International Order Book), as well as the full suite of internationally settled exchange-traded products (ETPs). This includes exchange-traded funds (ETFs), exchange-traded notes (ETNs) and exchange-traded commodities (ETCs) which are listed on the exchange’s ETP trading service and will become eligible for settlement in Clearstream Banking.

Impact on customers 

Customers can register for the process to settle transactions cleared through LCH if the following prerequisites are completed:

  • Existent and active Clearstream Banking securities account;
  • Have status of a Clearing Member Firm (CMF) or alternatively be appointed as settlement agent by the CMF;
  • Clearstream Banking has received and set up the Power of Attorney;
  • LCH has been given a Power of Attorney to settle transactions in Clearstream Banking;
  • All necessary LCH reference data documents and subsequent setups have been completed.

Further information

Customers who would like to benefit from settlement in Clearstream Banking of their transactions cleared by LCH should contact LCH and their Relationship Officer at Clearstream Banking to receive a copy of the Clearstream Banking Power of Attorney and prepare the onboarding.

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1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG (for Clearstream Banking AG customers using Creation Accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.