BATS Chi-X Europe FAQ’s

SB1. What is the go-live date?
Irish securities from January, 2010. All other securities from July 2011.
SB2. What does the flow look like?
Who are my contacts?
BATS Chi-X Europe, Trade Desk, Tel: +44 207 012 8901
Email: TradeDeskEurope@batstrading.com
LCH.Clearnet, Ian Mackenzie Tel: +44 207 426 7265
Email: ian.mackenzie@lchclearnet.com
SB3. Which securities are included?
January 2010 for Irish securities. From July 2011 all other securities except Spain.
SB4. Where will the trades settle?
Settlement details are contained within this paper. We will settle locally for pan European securities, in SIS for Swiss business & Euroclear Bank for DR’s.
May 2011

BATS Chi-X Europe FAQ’s
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S1. Are LCH.Clearnet using a settlement agent?
Yes, for all settlements except Swiss settling in SIS & DR’s which settle in Euroclear Bank.
S2. Do settlement agents need to sign new Power of Attorney agreements?
PoA will only be required for Swiss business settling in SIS and for any DR settlements in
Euroclear Bank. For all other business, Members or their settlement agents will be required to instruct & match against us in the relevant CSD.
S3. Which settlement accounts will LCH.Clearnet be using?
All settlement information is contained within this paper.
Members should be aware that their Settlement Agents will be required to instruct and match against LCH.Clearnet.
For Swiss settlements in SIS: LCH.Clearnet will instruct under PoA.
BPID – GB101215
Safe Custody Account – 20.289’444
Cash Account – 40.329’0047
S4. What time will settlement instructions be sent?
Gross settlement instructions will be sent intra-day, Net settlements will be sent at EOD at approx 21:00-21:30
Members should be aware that we makes best efforts to produce the subsequent reports, but they could be subject to delay.
S5. Will cross exchange settlement netting be available?
For all markets with the exception of UK & Ireland and Swiss.
R1 . How will GCM’s receive details of the trades done by their NCM’s?
There are several ways this data can be accessed.
1. LCH.Clearnet produces reports on its member reporting website which are updated every 30 minutes and show the accumulation of trades that day, per clearing member
These reports are detailed in the document “Member Report” http://www.lchclearnet.com/cash_equities/lse/technical_documents.asp
2. LCH.Clearnet also offers an optional trade confirmation service. This will be on a gross trade basis and messages can be sent per trade via different protocols, upon request. Details can be found on the LCH website. http://www.lchclearnet.com/cash_equities/lse/technical_documents.asp
R2. Can anyone other than Clearing Members access the member reports?
No.
May 2011

BATS Chi-X Europe FAQ’s
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F1. What are the charges for receiving the trade confirmation service via Swift?
If the clearing member requests the service, LCH.Clearnet will not charge, however we will pass through the SWIFT message charges. This can be paid by LCH.Clearnet and billed directly to the member, or probably more likely, reverse billed (as the member’s message rate at SWIFT will inevitably be lower).
F2. What clearing fees will be charged by LCH.Clearnet?
BATS Chi-X Europe volumes will be cumulative with all volumes cleared through the
EquityClear Service. With increased volumes members can reduce their unit cost. The fee schedule for clearing is available on the website. http://www.lchclearnet.com/cash_equities/swx/fees.asp
F3. Will LCH.Clearnet require members to increase their Default Fund contribution?
No.
F4. Will LCH.Clearnet pass through associated settlement fees?
Yes.
M1. How will margining be carried out?
Margin rates per stock will be determined by LCH .Clearnet’s risk department and then will be margined using ERA, so margining of BATS Chi-X Europe securities will operate in the same way as for all EquityClear business. All securities within the ERA algorithm have complete correlation.
M2. How are margin calls instructed and what currencies can be paid?
If a member is uncovered following an intra-day margin run, they will be contacted by
Treasury Operations by phone and advised of the additional amount that they will be required to pay. Before 2:30pm UK time, members can elect to cover ITD margin calls in
EUR, GBP or USD. After 2:30pm the only acceptable currency is USD.
Debit instructions are then sent to the member’s PPS bank and the margin call must be confirmed by that bank within 1 hour. The member should check Banking REP00033 for written confirmation of the amount taken. This report is generally updated within 45 minutes of a margin call being processed.
Overnight calls are sent to the member’s PPS bank during the night and must be confirmed by the bank by 9:00am. Members should review their LCH Banking reports (see Banking
Reports Reference pack) to ensure that they fund their accounts correctly.
M3. What interest is paid on cash margin and Collateral charges?
On cash, we pay London Deposit Rate (calculated daily by Treasury Control) On collateral, we charge an accommodation fee of 10 bps for the utilised collateral balance. The charge is applied in the currency of the liability covered.
May 2011

BATS Chi-X Europe FAQ’s
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D1. Will I require a new static data form or can I use existing set-up?
EquityClear members can continue with existing relationships but will be required to complete a new BATS Chi-X Europe static data form.
D2. How will I provide information for opting into this service?
EquityClear members should contact LCH.Clearnet to confirm their interest in this service.
We will issue a static data form, which will be sent to you for completion.
D3. Will I need to fill in a form for testing?
Yes, if you wish to test a form will be sent to you.
D4. Will there be a new NCM/GCM/ agreement?
No, if already in place, it will be covered by existing relationships.
D5. Will LCH.Clearnet require any other documentation?
Existing EquityClear members will be required to complete a service extension document.
Those wishing to use LCH.Clearnet as a new member will be required to complete the new membership pack and associated documents.
T1. Does LCH.Clearnet provide or indeed mandate member testing?
We offer members the opportunity to test. This is entirely optional and is up to the members whether they wish to utilise this.
T2. Will member testing involve a settlement agent?
No, testing is envisaged to demonstrate to clearing members that trades will be received by
EquityClear and produce the relevant reports, thus enabling members to have sufficient information to facilitate settlement instructions in the relevant CSD’s.
OP1. How will splits/partials be handled?
Where splitting/partialling can be initiated unilaterally we will split transactions as and when required. We will also make use of any auto-splitting/partialling functionalities available in a
CSD. Where bilateral instructions are required to initiate a split/partial, LCH.Clearnet will cancel and replace the original instruction with new instructions to reflect the split/partial quantity. Members will be contacted and required to match.
OP2. Can I make a partial to LCH.Clearnet?
Where splitting/partialling can be initiated unilaterally members are permitted to split/partial to
LCH.Clearnet. Where bilateral instructions are required to initiate a split/partial members
May 2011

BATS Chi-X Europe FAQ’s
 must contact us to obtain prior agreement before a split/partial can be initiated by cancel and re-instruction.
OP3. How will buy-ins be handled?
Buying members can initiate the buying in process if they have a failed settlement on or greater than Intended Settlement Date + 5 business days. If buying in occurs against a liable party (i.e. the seller) the original transaction is not cancelled. We will input a new transaction against the liable party to include the relevant securities, costs etc, which must then be used by the seller to settle the outstanding transaction.
LCH.Clearnet may also initiate the buying in process of its own accord. This will occur on
ISD + 30, if still there are any outstanding deliveries in to us. In the event that buying in cannot be achieved a Cash Settlement procedure will be invoked after ISD + 60.
OP4. Confirm netting for BATS Chi-X Europe whilst gross settlement for other
EquityClear services?
LCH.Clearnet will mandate netting for BATS Chi-X Europe where a settlement agent is used.
Members may continue with gross settlement for other EquityClear services.
OP5. Is netting available, is it mandatory and how does it work?
As above, LCH.Clearnet will mandate netting for BATS Chi-X Europe business where we use a settlement agent, and trade date netting (TDN) is offered. At end of day, once the gross trade reconciliation with BATS Chi-X Europe has completed, the day’s gross trades flagged for netting will be netted and instructed to the relevant CSD.
OP6. Will buyer elections be supported?
Yes, see the LCH.Clearnet General Regulations, Default Rules, and Procedures (Section
2D.15) for full details of which events buyer elections are accepted and how they are handled.
TF1. What trade source/ MIC will be used?
For real time trade confirmations and member reports the trade source ID will be BATE
TF2. Is the TradeSrcRef in EREP0006 equal to the BATS Chi-X Europe reference?
Yes
TF3. What values will we receive in TradeType field?
All BATS Chi-X Europe trades will be of type TRAD
TF4. Will we be notified of Cancellations?
Contras get a reference in EREP0006, however cancellations are not included.
TF5. What trade source information can I expect to see within EREP0006?
The report includes all applicable trade sources It will also include Equiduct, Getco,
International Order Book & SIX Swiss Exchange. It does not include LSE Sets business.
TF6. Where can I obtain my netted transactions/positions?
May 2011

BATS Chi-X Europe FAQ’s
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The net settlements are generated at end of day and are listed in Member Report
“EREP0005 – Netting – Net Trades for Settlement”.
This report also contains net settlements for Equiduct, Getco, International Order Book, &
SIX Swiss Exchange. It does not include LSE Sets business.
TF7. Will the settlement instruction reference appear on the MT518 message?
No, there’s no settlement information on the MT518 trade confirmation.
The Trade Source reference will appear in the COMM field.
TF8. Will LCH.Clearnet provide the settlement Instruction reference?
LCH.Clearnet will provide its settlement instructions in reports EREP0005.
On the instructions from LCH, it’s the SEME reference
On the message back from CSDs , it’s the RELA reference.
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BATS Chi-X Europe FAQ’s
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TF9. FILE FORMATS
MT518 Swift confirmation messages
{1:F01LCHLGB2EAVTX0000000000}{2:I518XXXXGB2LXGSTN}{4:
:16R:GENL
:20C::SEME//ICDFQ001794
:23G:NEWM
:22F::TRTR/LCHL/TRAD
:16R:LINK
:20C::COMM//1068176
:16S:LINK
:16S:GENL
:16R:CONFDET
:98C::TRAD//20110516095919
:98A::SETT//20110519
:90B::DEAL//ACTU/GBP0,41889825
:94B::TRAD//EXCH/BATE
:19A::SETT//GBP1572,54
:22H::BUSE//BUYI
:22H::PAYM//APMT
:16R:CONFPRTY
:95R::SELL/LCHL/LCHLGB2E
:22F::TRCA//PRIN
:16S:CONFPRTY
:16R:CONFPRTY
:95R::BUYR/LCHL/XXXXGBXXXXX
:70C::PACO//SGCA/XXXX
/CLREF/1000006T
:22F::TRCA//PRIN
:16S:CONFPRTY
:36B::CONF//UNIT/3754,
:35B:ISIN GB0007547838
:16S:CONFDET
:16R:SETDET
:22F::SETR//TRAD
:16R:SETPRTY
:95P::PSET//CRSTGB22
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BATS Chi-X Europe FAQ’s
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:16S:SETPRTY
:16S:SETDET
-}
Netted settlement instructions that occur as a result of BATS Chi-X Europe trading activity where our settlement agent is used.
It should be noted that Trade Date Netting (TDN) is applied
All instructions should be matched in the appropriate CSD.
Where stock and cash are moving in opposite directions normal DVP & RVP instructions will apply.
For all Strange/Other nets, whereby:
Movement of stock & zero cash
Movement of cash & zero stock
Stock & cash same direction
All stock movements will be instructed as Free of Payment movements
All cash movements will be processed via Inter-bank payments, whereby a single payment or receipt will be made per currency, per member, per day.
LCH.Clearnet Banking and settlement details are highlighted below
May 2011

BATS Chi-X Europe FAQ’s
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Settlement Instructions
United Kingdom - Euroclear UK & Ireland
Securities Account: CSD account ARMAY Safe Keeping 6012202239
Switzerland – SegaIntersettle
Securities Account
– CSD account GB101215 Safe Keeping 20.289444
----------------------------------------------------------------------------------------------------------
Payment Instructions
EUR
Bank Name: Citibank
Place: London
Account Number: 0012306999
IBAN: GB05CITI18500812306999
Bank SWIFT BIC code: CITIGB2L
GBP
Bank Name: Citi Bank
Place: London UK
Account number: 12202247
IBAN: GB80CITI8500812202247
Bank SWIFT BIC code: CITIGB2L
CHF
Bank Name: Swiss National Bank
Place: Switzerland
Account number: 40328521CHF
IBAN: CH6308880040328521CHF
Bank SWIFT BIC code: SNBZCHZZ
To view all LCH.Clearnet EquityClear settlement instructions on line, please use the following link: http://www.lchclearnet.com/Images/Section%202d_tcm6-43745.pdf
Appendix 2D.E
May 2011

BATS Chi-X Europe FAQ’s
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CSD Code
EUBE
XCVM
EUFR
EUNE
OEKO
MOTI
CSD DESCRIPTION
Indirect / Eclr BE
Indirect / Interbolsa PT
Indirect / Eclr FR
Indirect / Eclr NL
Indirect / OEKO AT
Indirect / Monte Titoli IT
May 2011

BATS Chi-X Europe FAQ’s
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APKE
VPSN
DAKV
VPDK
CRES
CRST
SCLV
VPCS
ECLR
SCOM
Indirect / NCSD FI
Indirect / VPS NO
Indirect / Clearstream DE
Indirect / VPS DK
Indirect / Crest
Direst / Crest
Indirect / SCLV ES
Indirect / NCSD SE
Direct / Eclr Bank
Direct / SIS
The settlement CSD code for UK & Irish settlements for any trading platform where
LCH.Clearnet does not instruct directly, will be CRES as per our reports. This is where we perform netting and send a net settlement instruction to our settlement agent into Crest/EUI for the member or its agent to match.
The settlement CSD code for UK & Irish settlements for any trading platform where
LCH.Clearnet instructs directly to Crest/EUI is CRST, whereby gross trades are sent to
Crest/EUI to perform netting.
LCH.Clearnet does not report London Stock Exchange business. This information is available directly from Crest/EUI.
May 2011

BATS Chi-X Europe FAQ’s
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Spain
LCH.Clearnet Cash Accounts
MARKET
CASH
ACCOUNT
NUMBER
SAFEKEEPING
ACCOUNT NAME
Sweden
Portugal
France
Germany
Belgium
Italy
Austria
UK &
Ireland
90401111875
0101187004
90401011870
0101187012
700151018
0012184087
0215509001
Netherlands 0011765892
0011765884
0123965019
0123966015
12202247
12202239
12202255
TBC
LCH CLEARNET
LIMITED
LCH CLEARNET
LIMITED
LCH CLEARNET
LIMITED
LCH CLEARNET
LIMITED
LCH CLEARNET
LIMITED
LCH CLEARNET
LIMITED
LCH CLEARNET
LIMITED
LCH CLEARNET
LIMITED
LCH CLEARNET
LIMITED
LCH CLEARNET
LIMITED
LCH CLEARNET
LIMITED
LCH CLEARNET
LIMITED
LCH CLEARNET
LIMITED
LCH CLEARNET
LIMITED
LCH CLEARNET
LIMITED
CASH
CORRESPO
NDENT
Citibank,
N.A., London
Branch
Citibank,
N.A., London
Branch
Citibank,
N.A., London
Branch
Citibank,
N.A., London
Branch
Citibank
International
Plc, Lisbon
Citibank
International plc, London branch
Citigroup
Global
Markets
Deutschland
AG & Co.
KGaA
Citi London
Citibank
International plc, London branch
Citibank,
N.A., Milan
Branch
Citibank,
N.A., Milan
Branch
Citibank,
N.A., London
Branch
Citibank,
N.A., London
Branch
Citi N.A. New
York
Citibank N.A.
Madrid
CASH
CORRESPO
NDENT
SWIFT-BIC
CITISESX
CITISESX
CITISESX
CITISESX
CITIPTPX
CITIGB2L
CITIDEFF
CITIGB2L
CITIGB2L
CITIITMX
CITIITMX
CITIGB2L
CITIGB2L
CITIUS33
CITIES2X
IBAN NUMBER
SE16 9040 0000 0904 0111 1875
SE16 9040 0000 0904 0111 1875
SE59 9040 0000 0904 0101 1870
SE59 9040 0000 0904 0101 1870
PT50 0169 0001 0070 0151 0184 4
DE88 5021 0900 0215 5090 01
IT19B0356601600000123965019
IT92Z0356601600000123966015
GB80CITI18500812202247
GB05CITI18500812202239
GB05CITI18500812202255
Account not yet open
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BATS Chi-X Europe FAQ’s
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LCH.Clearnet Settlement accounts
M MARKET A/C Number
A
A/C Name
Sweden
Settlement Agent BIC
1011870 LCH CLEARNET LTD
Citibank International Plc,
Sweden Branch
CITISESX
CSD A/C number number
CIT
Portugal 7001510180 LCH CLEARNET LTD
Citibank International Plc,
Lisbon
CITIPTPX
France
Germany
0656737018 LCH CLEARNET LTD
Citibank International plc,
London branch
21550900 LCH CLEARNET LTD
Citigroup Global Markets
Deutschland AG & Co.
KGaA
Netherlands 0000712450 LCH CLEARNET LTD
Citibank International plc,
The Netherlands Branch
Belgium
Italy
0006016469 LCH CLEARNET LTD
Citibank International plc,
London branch
1239659 LCH CLEARNET LTD
Citibank, N.A., Milan
Branch
CITTGB2L
CITIDEFF
CITTGB2L
CITTGB2L
CITIITMX
**Austria 7906179 LCH CLEARNET LTD
Citibank, N.A., Milan
Branch
CITIATWX
528
4048
7256
4048
4048
2489
UK &
Ireland
Denmark
6012202239 LCH CLEARNET LTD
Citibank, N.A., London
Branch
6012300672 LCH CLEARNET LTD Nordea Denmark
Finland 6012300672 LCH CLEARNET LTD Nordea Bank Finland
CITIGB2L ARMAY
NDEADKKK 020001007513239
NDEAFIHH 02 2000 10775666 4
Norway 6012300672 LCH CLEARNET LTD Nordea Bank Norge ASA NDEANOKK 060040122057
Spain TBC LCH CLEARNET LTD Citibank N.A. Madrid CITIES2X Account not yet open
*Please note for Austria instructions for Securities Transactions should be sent to CITIATWX. Trade updates and settlement/cancellation confirmations will be sent from CITIITMX
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BATS Chi-X Europe FAQ’s
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May 2011