International Order Book (IOB) Clearing
IOB Clearing from 30 March
The IOB now benefits from a Central Counterparty (CCP) clearing service for over 70 of the most heavily traded securities. This brings the service closer into line with SETS and the EDX London RIOB service and is designed to help firms to mitigate counterparty risk, attract new IOB participants, improve liquidity and lower operational costs.
The IOB Clearing (Phase 1), Outline Service and Technical Description provides an overview of the new CCP service along with a detailed description of the technical changes required to facilitate this change to the order book.
Access
All member firms that wish to trade electronically on the IOB are required to complete an IOB Static Data Form and submit it to the London Stock Exchange. Completed forms should be submitted to: clientimplementation@londonstockexchange.com. For assistance, please contact the Client Implementation Team on +44 (0)20 7797 3232.
You may require assistance from your settlement provider and/or GCM to complete the relevant sections of the Static Data Form:
- Individual Clearing Members (ICMs) and General Clearing Members (GCMs) are required to complete separate Static Data Forms for principal and agency business.
- Non Clearing Members (NCMs) are required to complete the Static Data Form and have it countersigned by their GCM.
- Direct Market Access (DMA) clients are not required to submit a Static Data Form, but should confirm with the respective member firm that they will support this service.
All IOB trading participants are requited to have a direct or indirect relationship with LCH.Clearnet Ltd. The LCH.Clearnet Membership Team can be contacted on +44 (0)20 7426 7063.
A Euroclear RG448 Power of Attorney form needs to be completed and returned to Euroclear Bank, by the member firm or its settlement provider for each participant account within Euroclear Bank. Forms must be returned to Euroclear Bank by the member firm or its settlement provider before access to IOB is granted. Please contact Nicolas Landman at Euroclear Bank on +32 (0)2326 2757 for assistance.
Downloads 2009
IOB trading model (
file pdf - 24 KB)
List of IOB CCP securities updated weekly (
file xls - 420 KB)
List of IOB Non CCP securities updated weekly (file xls - 440 KB)
IOB Holiday Calendar 2009 (file pdf - 142 KB)
Post CCP IOB recommended settlement dates 2009 (file pdf - 403 KB)
RG448 Power of Attorney (file pdf - 65 KB)
IOB CCP Static Data Form (file pdf - 103 KB)
IOB CCP Static Data Form - Guidance Notes (file pdf - 48 KB)
