Barclays leveraged the acquisition of Lehman Brothers' infrastructure, including its LEHM/LEIM clearing pipes, to enhance operational efficiency in its investment banking and capital markets division. This strategy allowed Barclays to rapidly integrate a ready-made platform and access established trading infrastructure and talent, rather than building these from the ground up. For more details, visit EliScholar elischolar.library.yale.edu/cgi/viewcontent.cgi?article=4752&context=ypfs-documents2.
According to a DTCC important notice, Barclays Capital Inc. (LEHM) was added with a first trade date of April 11, 2025. Additional Details The notice mentions LEHM LEIM DTC OTC Clearing. DTCC also announced a series of client webinars starting May 1, 2025, related to equities clearing and settlement business transformation. DTCC is focused on enhancing clearing services and addressing regulatory requirements in 2025, including increasing NSCC clearing hours and enhancing Treasury clearing.
DTCC offers enhanced access to all important notices via a Web-based subscription service. The notification system leverages RSS Newsfeeds, providing significant benefits including real-time updates and customizable delivery. To learn more and to set up your own DTCC RSS alerts, visit http://www.dtcc.com/rss-feeds.aspx. Non-Confidential DTCC Public (White) DTCC Public (White) A#: 9582 P&S #: 9155 Date: 04/11/2025 To: ALL PARTICIPANTS Attention: OPERATIONS PARTNER/OFFICER; MANAGER P&S DEPARTMENT; CASHIER; ACATS PARTICIPANTS; FUND/SERV PARTICIPANTS; MUNICIPAL BOND COMPARISON PARTICIPANTS From: CLIENT ACCOUNT SERVICES Subject: CHANGES IN THE LIST OF PARTICIPANTS The following update from Important Notice A#9578 (P&S#9151) dated April 04, 2025 has been revised as follows: Clearing Broker Executing Broker Products OTC/CMU Alpha Numeric Alpha OTC Corp Muni UIT Add First Trade Date, April 11, 2025: Barclays Capital Inc. LEHM 0229 LEIM ? • The following firm will change their name only, as detailed below: First Trade Date, April 10, 2025: From: Gemini Fund Services, LLC/Beacon Ridge SFR Fund, LLC – Class A Shares No. 1ARP To: Gemini Fund Services, LLC/Beacon Ridge SFR Fund, LLC No. 1ARP • The following firm will begin participation in the Bond Comparison service, as detailed below: First Trade Date, April 10, 2025 Millennium Advisors, LLC No. 1767 CORP Alpha Identifier: MILN MUNI Alpha Identifier: MILN UIT Alpha Identifier: MILN • The following firm will begin participation in the MF Daily Price & Rate service, as detailed below: First Trade Date, April 15, 2025: