Replacement Clearing System for the London Metal Exchange

LCH.Clearnet is in the process of replacing the clearing system for LME business. This is the first phase of the roll-out of its Group Derivatives Platform (GDP). The replacement clearing system for LME is planned to follow the implementation of SMART, the LME's replacement matching system.

We have organised two briefing sessions for 12th May 2008 at the Novotel Tower Bridge and invite Clearing Members of the LME and third party system suppliers supporting them to attend these sessions. These briefing sessions represent the beginning of the consultation and communication activities for the GDP LME Clearing  Service Refresh project.

The two briefing sessions will last about one and half hours each, and will cover the same content.

The briefing session will cover the following

• Background

• Scope

• Approach and Timelines

• Functional changes and impact on Members

• Feedback and next steps

Members are asked to nominate a maximum of two individuals to attend the briefing sessions.

To confirm attendance, please email us by the 2nd May 2008, stating the preferred session, and with full contact details of the individuals attending including email address and telephone number.

Email: GDP@lchclearnet.com

This two sessions will be:

The venue is: Novotel Tower Bridge

10 Pepys Street

London

EC3N 2NR

http://www.novotel.com/novotel/fichehotel/gb/nov/3107/fiche_hotel.shtml

If you have any questions please contact one of the following:

David Farrar

Director, Head of Commodities and Metals
Commercial Services