Collateral Management
Securities Settlement
LCH – Collateral Management: Securities Settlement
This document provides Clearing Members who wish to lodge non-cash collateral with details on
how to correctly format their security instructions (lodge, release or substitute) in the Collateral
Management System (CMS). This information is relevant to instructions submitted via the CMS
GUI or via SWIFT MX (ISO20022).
The document is broken down into the following sections:


Safekeeping Accounts
- LCH Limited; and
- LCH LLC
Settlement Party Rules
- Depositories
- Proprietary Party Identification
- Settlement Party Rules for LCH Ltd; and
- Settlement Party Rules for LCH LLC
Safekeeping Accounts
The following section outlines the LCH safekeeping accounts where Clearing Member’s can lodge
non-cash collateral.
The accounts are presented for:


LCH Ltd; and
LCH LLC
LCH Limited
Clearing Member’s must deliver securities pledged as cover for initial margin liabilities to one of
the following custodian accounts, based on the asset and Clearing Member type.
This table shows the LCH Ltd Safekeeping Accounts.
Custodian
BIC
Account
Number
Description
Italian
Securities
Euroclear Bank
MGTCBEBE
91250
Global
No
91737
Italian
Yes
15211
FCM SEG Euro
No
25910
FCM SEG Italian
Yes
76904
Euroclear Seg Part30 Global
No
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Custodian
Euroclear UK/IE
Bank of New York
Citibank New York
BIC
CRSTGB22
IRVTUS3N
CITIUS33
Account
Number
Description
Italian
Securities
76905
Euroclear Seg Part30 Italian EUR
Yes
5165
GBP Account
No
EOUAG
Euroclear UK & Ireland Ltd Seg Part30
GBP
No
735136
US
No
735137
Non US
No
735138
SWAP FCM SEG US
No
735139
SWAP FCM SEG Non US
No
484341
NODAL FCM SEG US
No
484342
NODAL FCM SEG Non US
No
874067
SWAP FCM SEG Global
Yes
484343
NODAL FCM SEG Global
Yes
455703
BoNY Seg Part30 USD DOMESTIC NON
US OWNER
No
455704
BoNY Seg Part30 USD DOMESTIC US
OWNER
No
090401
US
No
090372
Non US
No
206203
SWAP FCM SEG US
No
207887
SWAP FCM SEG Non US
No
212107
NODAL FCM SEG US
No
212108
NODAL FCM SEG Non US
No
613085309
SWAP FCM SEG Global
Yes
613510247
NODAL FCM SEG Global
Yes
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Custodian
Austraclear
BIC
*
ACLRAUSS
Account
Number
Description
Italian
Securities
234476
CITI Seg Part30 USD DOMESTIC US
OWNER
No
234477
CITI Seg Part30 USD DOMESTIC NON US No
OWNER
LCHC21
AUD Account
No
Italian securities can only be delivered to one of the indicated accounts above. Futures
Commission Merchants (FCMs) must deliver securities to one of the designated FCM SEG
accounts.
LCH LLC
Clearing Member’s must deliver securities pledged as cover for initial margin liabilities to one of
the following custodian accounts, based on the asset and Clearing Member type.
This table shows the LCH LLC Safekeeping Accounts.
Custodian
BIC
Account Number
Description
Italian
Securities
Bank of New York
IRVTUS3N
716091
US
No
716092
Non US
No
716088
FCM SEG US
No
716089
FCM SEG Non US
No
716090
FCM SEG Global
No
716093
Global
No
210528
US
No
210529
Non US
No
Citibank New York
CITIUS33
*
Austraclear is not currently supported via our SWIFT MX (ISO20022) interface.
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Custodian
J P Morgan
BIC
CHASUS33
Account Number
Description
Italian
Securities
210526
FCM SEG US
No
210527
FCM SEG Non US
No
613442284
FCM SEG Global
No
613442187
Global
No
G 70182
US
No
G 70183
Non US
No
G 70180
FCM SEG US
No
G 70181
FCM SEG Non US
No
Futures Commission Merchants (FCMs) must deliver securities to one of the designated FCM SEG
accounts.
Settlement Party Rules
The following section outlines the LCH settlement party rules for Clearing Member’s wishing to
lodge, release or substitute non-cash collateral.
These rules are applied to instructions submitted to the Collateral Management System (CMS)
and presented as follows:




Depositories
Proprietary Party Identification
Party rules for LCH Ltd; and
Party rules for LCH LLC
Depositories
LCH supports bilateral securities settlement from the following international markets
This table shows the markets supported and the Business Identifier Code (BIC) for the
depository
Market
BIC
Euroclear Bank (Internal)
MGTCBEBE
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Euroclear UK/IE (Internal)
CRSTGB22
Bank of New York (Fedwire)
FRNYUS33
Citibank New York (Fedwire)
FRNYUS33
Clearstream Lux
CEDELULL
Australia
ACLRAU2S
Austria
OCSDATWWXXX
Belgium
NBBEBEBB216
Canada
CDSLCATT
Denmark
VPDKDKKK
Finland
APKEFIHH
France
SICVFRPP
Germany
DAKVDEFF
Italy
MOTIITMM
Japan
JJSDJPJT
Luxembourg
VPDKDKKKALU
Netherlands
NECINL2A
Norway
VPSNNOKK
Spain
IBRCESMMCDE
Sweden
VPCSSESS
Proprietary Party Identification
LCH support the following Proprietary Party Identification formats which can be used in place of a
Business Identification Code (BIC) in certain markets (as specified in the Party rules table that
follows).
This table shows some key formatting rules.
Format
Data Source Scheme
Euroclear Bank Code
ECLR
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Clearstream Code
CEDE
Fedwire (ABA) Code
USFW
CREST PID
CRST
ESES Code
EGSP
CDS CUID
CDSL
VPDK Code
VPDK
DAKV Code
DAKV
AU Code
ACLR
Party rules for LCH Ltd
The Party rules table outlines:
• The available Markets from which securities can be received or delivered.
• The type of identifier that can be used for identifying the Delivering or
Receiving Agent (Party 1) and the Counterparty (Party 2). This may be a universal
identifier such as a BIC or a proprietary identifier for which the Data Source
Scheme is indicated by its qualifier and should be included in the Issuer
component.
• Where it is possible to provide an account identifier to support identifying the
Delivering or Receiving Agent (Party 1) and the Counterparty (Party 2). Whether
the field is Mandatory (M) or optional (O) is indicated.
Custodian
Applicable Accounts
Market
Agent
Agent
Acct
Counterp Counterp
arty
arty Acct
Euroclear Bank
91205 Global
Internal
ECLR Code
n/a
BIC
(O)
Clearstream Lux ECLR Code
n/a
BIC
(O)
91737 Italian
15211 FCM SEG Euro
25910 FCM SEG Italian
76904 Euroclear Seg Part30 Global
76905 Euroclear Seg Part30 Italian
EUR
91205 Global
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Custodian
Applicable Accounts
Market
91737 Italian
Agent
Agent
Acct
Counterp Counterp
arty
arty Acct
CEDE Code
15211 FCM SEG Euro
25910 FCM SEG Italian
76904 Euroclear Seg Part30 Global
76905 Euroclear Seg Part30 Italian
EUR
91205 Global
Australia
ECLR Code
n/a
BIC
(O)
91205 Global
Austria
ECLR Code
(O)
BIC
(O)
Belgium
ECLR Code
(O)
BIC
(O)
15211 FCM SEG Euro
76904 Euroclear Seg Part30 Global
91205 Global
15211 FCM SEG Euro
BIC
76904 Euroclear Seg Part30 Global
91205 Global
Canada
ECLR Code
n/a
BIC
(O)
91205 Global
Denmark
ECLR Code
n/a
ECLR
Code
(O)
91205 Global
Finland
ECLR Code
n/a
BIC
(O)
France
ECLR Code
n/a
BIC
(O)
Germany
ECLR Code
n/a
(O)
BIC
(M)
ECLR
Code
ECLR Code
n/a
ECLR
Code
(O)
n/a
BIC
(O)
76904 Euroclear Seg Part30 Global
15211 FCM SEG Euro
76904 Euroclear Seg Part30 Global
91205 Global
15211 FCM SEG Euro
76904 Euroclear Seg Part30 Global
91205 Global
15211 FCM SEG Euro
76904 Euroclear Seg Part30 Global
91737 Italian
Italy
25910 FCM SEG Italian
BIC
76905 Euroclear Seg Part30 Italian
EUR
91205 Global
Japan
ECLR Code
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Custodian
Applicable Accounts
Market
Agent
Agent
Acct
Counterp Counterp
arty
arty Acct
Luxembourg
ECLR Code
n/a
ECLR
Code
(O)
Netherlands
ECLR Code
n/a
BIC
(O)
Norway
ECLR Code
n/a
BIC
(O)
n/a
BIC
(O)
n/a
BIC
(O)
15211 FCM SEG Euro
91205 Global
15211 FCM SEG Euro
76904 Euroclear Seg Part30 Global
91205 Global
15211 FCM SEG Euro
76904 Euroclear Seg Part30 Global
91205 Global
BIC
91205 Global
Spain
15211 FCM SEG Euro
ECLR Code
BIC
76904 Euroclear Seg Part30 Global
91205 Global
Sweden
ECLR Code
BIC
Euroclear UK/IE 5165 GBP Account
(CREST)
EOUAG Euroclear UK & Ireland Ltd
Seg Part30 GBP
Internal
CRST PID
n/a
BIC
n/a
Citibank NY
Fedwire
USFW Code (O)
BIC
(O)
Internal
BIC
(O)
BIC
(O)
Australia
BIC
n/a
BIC
(O)
090401 US
090372 Non US
206203 SWAP FCM SEG US
207887 SWAP FCM SEG Non-US
212107 NODAL FCM SEG US
212108 NODAL FCM SEG Non-US
234476 CITI Seg Part30 USD
DOMESTIC US OWNER
234477 CITI Seg Part30 USD
DOMESTIC NON US OWNER
613085309 SWAP FCM SEG Global
613510247 NODAL FCM SEG Global
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Custodian
Applicable Accounts
Market
Agent
Agent
Acct
Counterp Counterp
arty
arty Acct
Austria
BIC
n/a
BIC
(O)
Belgium
BIC
(M)
BIC
(O)
Canada
BIC
(O)
BIC
(M)
n/a
BIC
(O)
CDSL Code
Denmark
BIC
VPDK Code
Finland
BIC
n/a
BIC
(O)
France
EGSP Code
n/a
BIC
(O)
Germany
BIC
(M)
BIC
(O)
DAKV Code
Bank of New
York
735136 US
Italy
BIC
n/a
BIC
(O)
Japan
BIC
n/a
BIC
(O)
Netherlands
EGSP Code
(M)
BIC
(M)
Norway
BIC
n/a
BIC
n/a
Spain
BIC
n/a
BIC
n/a
Sweden
BIC
n/a
BIC
n/a
Fedwire
USFW Code (O)
BIC
(O)
Internal
BIC
BIC
(O)
735137 Non US
735138 SWAP FCM Seg US
735139 SWAP FCM Seg Non US
484341 NODAL FCM Seg US
484342 NODAL FCM Seg Non US
455703 BoNY Seg Part30 USD
DOMESTIC NON US OWNER
455704 BoNY Seg Part30 USD
DOMESTIC US OWNER
874067 SWAP FCM SEG Global
n/a
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Custodian
Applicable Accounts
484343 NODAL FCM SEG Global
Market
Agent
Agent
Acct
Counterp Counterp
arty
arty Acct
Australia
BIC
n/a
BIC
(O)
Austria
BIC
n/a
BIC
(O)
Belgium
BIC
(M)
BIC
(O)
Canada
BIC
(O)
BIC
(M)
n/a
BIC
(O)
CDSL Code
Denmark
BIC
VPDK Code
Finland
BIC
n/a
BIC
(O)
France
EGSP Code
n/a
BIC
(O)
Germany
BIC
(M)
BIC
(O)
DAKV Code
Austraclear
LCHC21 AUD Account
Italy
BIC
n/a
BIC
(O)
Japan
BIC
n/a
BIC
(O)
Netherlands
EGSP Code
(M)
BIC
(M)
Norway
BIC
n/a
BIC
n/a
Spain
BIC
n/a
BIC
n/a
Sweden
BIC
n/a
BIC
n/a
Internal
AU Code
(O)
BIC
(O)
Party rules for LCH LLC
The Party rules table outlines:
• The available Markets from which securities can be received or delivered.
• The type of identifier that can be used for identifying the Delivering or
Receiving Agent (Party 1) and the Counterparty (Party 2). This may be a universal
identifier such as a BIC or a proprietary identifier for which the Data Source
Scheme is indicated by its qualifier and should be included in the Issuer
component.
Monday, March 28, 2016
11
• Where it is possible to provide an account identifier to support identifying the
Delivering or Receiving Agent (Party 1) and the Counterparty (Party 2). Whether
the field is Mandatory (M) or optional (O) is indicated.
Custodian
Applicable Accounts
Market
Agent
Agent
Acct
Counterp Counterp
arty
arty Acct
Citibank NY
210528 US
Fedwire
USFW Code (O)
BIC
(O)
Internal
BIC
(O)
BIC
(O)
Australia
BIC
n/a
BIC
(O)
Austria
BIC
n/a
BIC
(O)
Belgium
BIC
(M)
BIC
(O)
Canada
BIC
(O)
BIC
(M)
n/a
BIC
(O)
210529 Non US
210526 FCM SEG US
210527 FCM SEG Non-US
613442284 FCM SEG Global
613442187 Global
CDSL Code
Denmark
BIC
VPDK Code
Finland
BIC
n/a
BIC
(O)
France
EGSP Code
n/a
BIC
(O)
Germany
BIC
(M)
BIC
(O)
DAKV Code
Bank of New
York
716091 US
Japan
BIC
n/a
BIC
(O)
Netherlands
EGSP Code
(M)
BIC
(M)
Norway
BIC
n/a
BIC
n/a
Sweden
BIC
n/a
BIC
n/a
Fedwire
USFW Code (O)
BIC
(O)
716092 Non US
716088 FCM Seg US
716089 FCM Seg Non US
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Custodian
Applicable Accounts
Market
Agent
Agent
Acct
Counterp Counterp
arty
arty Acct
716090 FCM SEG Global
Internal
BIC
(O)
BIC
(O)
Australia
BIC
n/a
BIC
(O)
Austria
BIC
n/a
BIC
(M)
Belgium
BIC
(M)
BIC
(O)
Canada
BIC
(O)
BIC
(O)
n/a
BIC
(O)
716093 Global
CDSL Code
Denmark
BIC
VPDK Code
Finland
BIC
n/a
BIC
(O)
France
EGSP Code
n/a
BIC
(O)
Germany
BIC
(M)
BIC
(M)
DAKV Code
JP Morgan
G 70182 US
Japan
BIC
n/a
BIC
(O)
Netherlands
EGSP Code
(M)
BIC
(M)
Norway
BIC
n/a
BIC
n/a
Sweden
BIC
n/a
BIC
n/a
Fedwire
USFW Code (O)
BIC
(O)
G 70183 Non US
G 70180 FCM Seg US
G 70181 FCM Seg Non US
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