EquityClear® service extension to include Irish securities executed on BATS Europe

Dear Member,

Further to circular 2487 issued on 3 July 2009, where LCH.Clearnet Limited announced that it is to clear trades executed on the BATS Europe trading platform. LCH.Clearnet Limited is pleased to announce that from 22 January 2010, it will further expand its EquityClear clearing service to include Irish securities executed on BATS Europe. LCH.Clearnet Limited will be the sole CCP to offer this service.

Through its EquityClear® service, Clearing Members will benefit from centralised clearing and reduced cost with increased volumes through the member specific incremental tariff.

This service extension further highlights the ability of LCH.Clearnet Limited to increase its market coverage, whilst minimising operational change and reducing associated costs to its members.

Members requiring further information should contact Ian Mackenzie on Tel: 020 7426 7265 or ian.mackenzie@lchclearnet.com.

Yours sincerely

 
Wayne Eagle, Director, LCH.Clearnet EquityClear®