Fyshe Horton Finney Default
The following information is provided for member firms and non-member firms to assist their queries in relation to the default of Fyshe Horton Finney Limited ("Fyshe Horton Finney") which was declared at 16:45 on Monday 25 March 2013. The Exchange will update this information from time to time.
All Stock Exchange Notices issued in relation to the default of Fyshe Horton Finney are available from the downloads section at the bottom of this page.
Administrator information – Harrisons Business Recovery & Insolvency (London) Limited
Here is a link to their website which provides information in relation to the administration of Fyshe Horton Finney Limited:
The Exchange has confirmed that Fyshe Horton Finney’s unsettled on Exchange trades were only dealt in an agency capacity.
The operation of the Exchange's default procedures for unsettled agency non-CCP on Exchange trades, in accordance with the provisions of the Companies Act 1989, removes the defaulting firm from the settlement process therefore allowing settlement of the unsettled trade to take place between the defaulter’s end customer and the counterparty member firm.
The Exchange will provide details of the defaulter’s customer to the non-defaulting counterparty who shall write to that customer in a form prescribed by the Exchange requiring them to settle the contract.
This page will be updated as the default process develops.
Download the rules of the London Stock Exchange.
Ceasing of settlement
The Exchange's guidance in relation to settlement.
The Exchange's guidance in relation to member firms.
Non - Members
The Exchange's guidance in relation to non-member firms and their custodians.
Default Official - Denzil Jenkins +44 20 7797 4214 (STX 34214) email@example.com
Deputy Default Official - Dagmar Banton + 44 20 7797 1210 (STX 31210) firstname.lastname@example.org
Declaration of Default - Fyshe Horton Finney Limited