mir wurden gestern 6.680 Gazprom mit 1,10 Dollar ausgbucht mit dem Hinweis, dass
die LCH nicht alle Trades settlen konnte.
Russian GDR trades failing to settle at LCH
This notification is for information purposes only.
Due to the current geopolitical environment, LCH (London clearing house) was not able to settle trades in below product:
Symbol OGZD | Description GAZPROM PJSC-SPON ADR | conid 27021698 |
As per LCH decision, a cash compensation at the last closing price will be processed.
A Sell trade reflecting the cash compensation amount is the process of being booked to your account as a result of this decision.
Please consult your Trade Confirmation Report and your Activity Statement available in Client Portal for the details of the booking.
Please see below link for the LCH rulebook, section 1.11.4 Cash Settlement for settlement fails:
“In the event that buying in settlement cannot be achieved as described in Section 1.11.1 after ISD+20, the Clearing House may cash settle any outstanding transactions at such price as the Clearing House may determine in its absolute discretion. Buying members should note that, where an interoperating CCP cash settles under a linked contract, cash settlement may occur prior to ISD+20.”
Direct link to 220201_Procedures Section 2D_CSDR settlement discipline regime.pdf:
https://www.lch.com/system/files/media_root/...rocedures202D_CSDR20di scipline%2520regime.pdf
Consistent with our previously stated policy (reflected in the client agreements you accepted when you opened your account), accounts that are unable to carry the resulting position are subject to liquidations to bring the account into margin compliance.
Please do not hesitate to contact Interactive Brokers Client Services if additional support is needed.
Regards,