| LCH circular number: | 4120 |
| Date: | October 28, 2020 |
| To: | All LCH Ltd EquityClear Clearing Members |
Dear LCH Ltd EquityClear Clearing Member
We would like to advise you of a change to the fixed fail fee for French settlements.
Effective 01 November 2020, the fixed fee for failing French settlements will reduce from £25 to £20 per failed settlement, per day.
If you require additional information, please contact Securities Client Services at securitiesclientserviceltd@lch.com
Yours sincerely,
Alex Krunic
Head of Equities, LCH Limited