LCHClearnetClearnet delivery procedures
LCH.Clearnet sets down all its delivery rules and procedural requirements in its publication, 'General Regulations, Default Rules and Procedures'. One of the key stipulations is that LCH.Clearnet procedures must be read in conjunction with the rules of the exchange. The exchange rules and administrative procedures will always take precedence in cases of conflict. LCH.Clearnet defines its delivery procedures, some of which are common to all contracts which LCH.Clearnet clears. These address...
Eurex AG
To be eligible for clearing membership of Eurex, an organisation must be a financial institution located within the European Union or Switzerland authorised to operate custody business, credit operations and receipt of margin by customers in the form of securities and cash. Applicants must have a prescribed level of proven equity capital as well as contribute a specific amount to the Eurex Clearing AG clearing fund. Clearing Members can be either General Clearing Member GCM or Direct Clearing...
Euronextliffe Individual Equity Option Contracts
One option normally equals rights over 1000 shares January Cycle J means the 3 nearest expiry months from Jan, Apr, Jul, Oct cycle Minimum Price Movement Tick Size and Value February Cycle F means the 3 nearest expiry months from Feb, May, Aug, Nov cycle March Cycle M means the 3 nearest expiry months from Mar, Jun, Sep, Dec cycle Pence share 0.5 pence share 5.00 0.25 pence share 2.50 Exercise by 17 20 on any business day, extended to 18 00 for all series on a Last Trading Day Third Wednesday...
Protected Payments System
LCH.Clearnet Limited operates PPS for the transfer of funds to and from Clearing members. A Clearing member is required to maintain a PPS bank account s in London in Great Britain Pounds GBP and for each currency in which it incurs settlements at one of the participating PPS banks. Different banks can be used for different currencies. Clearing Members are also required to maintain a USD account at one of the specified banks for PPS in the United States. Any bank charges arising from the...