| Market: | All |
| Products: | Cash |
| Date: | 05 December 2007 |
Launch of ESES Phase 1
LCH.Clearnet is pleased to inform members that the launch of ESES Phase1 on the French Cash clearing segment was successfully completed: all members gave their green light on Tuesday 27 November in the morning.
ESES - Euroclear Settlement for Euronext-zone Securities - fits into the general demand in favour of securities services integration and cross-border settlement costs reduction.
It is managed by Euroclear Group but LCH.Clearnet, as one of the key players of the trading, clearing and settlement chain, has been heavily involved in the different steps of the project.
LCH.Clearnet took the opportunity of ESES modifications to better serve its clients:
- by offering them the ability to improve their account structure and global organisation,
- by streamlining and optimising its operational processes. Some improvements in files delivering have already been noticed, at least one hour since the launch,
- by complying with European standards for corporate events
This Phase 1 implementation required clients' and teams' strong involvement. Thanks to clients' participation during the launch Week-End, at 12:00am on Monday 26, more than 90 % of our clients gave their green light.
LCH.Clearnet would like to thank all the participants for their active collaboration.
Customer Relationship Management LCH.Clearnet SA