EquityClear Notice - Summer Bank Holiday
Report date
Summary
|
Company Circular No: |
LCH.Clearnet Ltd Circular No 3499 |
|
Service Circular No: |
EquityClear Circular No 9 |
|
Date: |
30 July 2014 |
|
To: |
All EquityClear Clearing Members |
Body
Dear Member,
We would like to advise you of the following with regards to Monday August 25th 2014:
- Euroclear UK and Ireland have confirmed it is a currency holiday for GBP and USD settlement in their CREST system but not a currency holiday for EUR.
- It is a London Stock Exchange SETS market and settlement holiday.
- The SETS calendar for the calculation of the intended settlement date (ISD) for EUR settling trades differs from that of the MTFs. Please see the following table for the details and impacts.
| Currency | Trade Date | ISD | Cross netting between SETS and MTFs | |
| SETS | MTFs | |||
| GBP, USD | 20th August | 26th August | 26th August |
✔ |
| 21st August | 27th August | 27th August | ||
| 22nd August | 28th August | 28th August | ||
| EUR | 20th August | 26th August | 25th August |
× |
| 21st August | 27th August | 26th August | ||
| 22nd August | 28th August | 27th August | ||
If you require any additional information please contact Ian Mackenzie, Manager, EquityClear; Tel: +44 (0) 20 7426 7265 Email: ian.mackenzie@lchclearnet.com
Yours sincerely
Roland Chai, Head of Equities, LCH.Clearnet Ltd