Source: London Stock Exchange
Further to Service Announcement 001/12032015, the purpose of this announcement is to confirm that on Monday 26 October 2015, European Central Counterparty N.V (“EuroCCP”) will join LCH.Clearnet Ltd and SIX x-Clear Ltd as a provider of Central Counterparty (“CCP”) services to the London Stock Exchange’s SETS and SETSqx order books.
EuroCCP will use participant code EMCFNL2A and that will be returned by London Stock Exchange to EuroCCP customers on the acknowledgement message for a cleared execution.
Member Testing in CDS
The above code continues to be available on London Stock Exchange’s Customer Development Service (“CDS”). Those members wishing to test should advise London Stock Exchange of the Trading Participant ID to be used for testing and also ensure the clearing arrangements at EuroCCP and settlement arrangements at Euroclear UK & Ireland (“EUI”) are communicated and set up accordingly.
Those members that are Non Clearing Members (“NCM”) of the CCPs and are self settlement members of EUI are recommended to liaise with their General Clearing Member (“GCM”) with respect to their testing plans.