Updated Cash clearing flat file

LCH.Clearnet SA would like to inform you that the monthly cash clearing flat file will be updated with penalty information: two additional records will detail the cash amounts corresponding to the daily and monthly penalty fees.

• A daily record (CPFD) will detail the quantity of fails, the amount of the fails value and the penalty fees calculated per CMF, per DA, per settlement segment, per fees schedule (fixed or variable part), per product trading code and finally per business day.

• A monthly record (CPFT) will provide the quantity of fails, the sum of the fails value amount and the penalty fees amount calculated per CMF, per DA, per segment, per Fee Type and per month.

Members will continue to receive a paper invoice, so the flat file should not be considered as an invoice, especially for VAT purposes. The debit date of the cash penalty fees will continue to occur on the fifteenth open business day of the following month.

In order to ease the review of the updates of the file, the new specifications are also attached to this communication, and updated parts are highlighted in yellow. An example of the new flat file with detailed explanations is also attached to this Info Flash for testing purposes.

Please note that the "flat file" details the calculation of the fixed and variable parts of the penalty fees (to be used for example in dealing with your defaulting customers) whereas the invoice takes into account the "passing-back" and provides net figures.

The new specifications are available on the website.

LCH.Clearnet SA will provide the launch date for the activation of this new version of the flat file mid-May.

Before the implementation date, you will continue to receive the current penalty reporting.

For further information, please contact: your LCH.Clearnet product implementation manager, Marc Plavsic + 32 (0)2 509 12 31 or your local relationship manager.

Customer and Market Management LCH.Clearnet SA.

Click to view a PDF version of this information.

Attachments:
Flat File 1
Flat File 2
Flat File Cash Format