Wednesday December 11 2013
News Source: Global Exchanges
Focus: General - Global Exchanges
Type: General
Country: International
Link: http://www.lchclearnet.com/member_notices/circulars/2013-12-09a.asp
LCH.Clearnet has announced that, with effect from 9 December 2013, the Clearing House will commence Backload Registration Cycles for the registration and clearing of Backloaded Trades. LCH.Clearnet currently treats Backloaded Trades in the same manner as any other new SwapClear Transaction. Under the revised model, Backloaded Trades that are presented to the Clearing House for clearing will be ‘parked’ until the next Backload Registration Cycle.
A Backloaded Trade is a SwapClear Transaction that has a trade date of greater than ten calendar days prior to the date of presentation for clearing.
Click on the above link for more details.