EquityClear SA offers its members the ability to clear equities and from a number of different exchanges and execution venues.
Despite the inevitable variation that exists in transaction processes and procedures at each of our trading platform partners, LCH SA has developed a single harmonious trade workflow to seamlessly guide our members’ trades into EquityClear SA and through to settlement in the most efficient manner possible.
In order to value the Margins, EquityClear SA use the prices provided by relevant Regulated Markets or Trading & Matching Platforms as mentioned in Instruction I.3.4 and data providers.
Clearing Cash Equities - Trade Workflow
All transactions that are submitted to EquityClear SA are registered on a real time basis in its clearing system in the name of the Clearing Member. Upon registration novation occurs.
The cash clearing system is open for the registration of trades between 9:00am CET to 5:40pm CET. On receipt and confirmation of eligible transactions into the clearing system, trades are governed under the rules of the LCH SA Rulebook.
For transactions registered in the cash clearing system margins are required to cover the liquidation risk, and the negotiation risk. The calculations are made using VaR Expected Shortfall methodology.
Members of LCH SA are eligible to clear products subject to approval.
Members of Euronext and LCH SA are eligible to clear products subject to approval.
More information on becoming a member of LCH SA.
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