LCH RepoClear SA

Prerequisites

In order to register for the transaction settlement process cleared through LCH RepoClear SA, Clearstream clients must fulfil the following prerequisites. They must:

• have an existing and active CEU and/or CBL securities account, depending on the markets;
• have the status of a Clearing Member Firm (CMF) or be appointed as a settlement agent by the CMF;
• ensure that LCH RepoClear SA is notified that their transactions must be settled through Clearstream;
• ensure that Clearstream has received and set-up a Power of Attorney (PoA), as detailed in the “How to subscribe” section below;
• ensure that LCH RepoClear SA has received a PoA to settle transactions through Clearstream;
• ensure that LCH RepoClear SA has received the account configuration form and that the setup is completed.

For further information about LCH SA RepoClear membership and documentation required please contact your respective account/relationship manager at LCH RepoClear SA.

How to subscribe to the service

Clients should notify LCH RepoClear SA that their transactions must be settled through Clearstream and send a duly signed PoA to the relevant address of CBL or CEU as mentioned below. The PoA template and the trading venue and CCP overview can be accessed in the attachments section below if logged in as a Premium User.

Clients should complete the PoA on their letterhead using the available template, designating the client as “The Company” and LCH RepoClear SA as “The Attorney”. The template for CBL clients is available in the attachments below (if logged in as a Premium User). CEU clients should use the standard PoA template available in the Account Opening Forms section.

The PoA should be signed by one or more authorised signatories, in accordance with the rules defined in the authorised signature lists provided to Clearstream.

N.B.: When the PoA permits the attorney to send securities and cash instructions on behalf of the client, the client must include (an) account(s) valid for both securities and cash to allow the trading platform or central counterparty to avoid any rejection of the messages sent by the attorney for that purpose.

Address details for PoA

CBL clients should return the completed PoA to the following address:

Clearstream Banking S.A.
Client Data Management 
L-2967 Luxembourg
Luxembourg

CEU clients should return the completed PoA and T2S Data Scope extension to the following address:

Clearstream Europe AG
Client Data Management (OSM)
D-60485 Frankfurt am Main
Germany