General Update - LBIE Client Information Portal Security Enhancements - 05/04/2011; revised 14/04/2011

Please be advised that in the coming weeks the Joint Administrators will be making significant security enhancements to the LBIE Client Information Portal (“CIP”) and the sub-portals contained in CIP (e.g., Client Money portal, Client Asset portal,Creditor portal, SSI portal, LBIE Affiliates portal) in preparation for the introduction of additional functions.

To affect such change, we will require all portal primary contacts to re-certify themselves in CIP.  In order to ensure that your legal entity’s primary contact is current and that their details are correct, you should log on to CIP, using the username and password previously provided to you by LBIE, and ensure that your legal entity’s primary contact details are correct.  If your primary contact details are not current or are incorrect, you should amend such details accordingly.  It is your responsibility to update your primary contact details so that the Joint Administrators have correct information at all times.  In addition, if you have not provided LBIE with a primary contact, please do so now. 

Note:  your primary contact must be the name of an individual who is an authorised representative of your legal entity.  Your primary contact cannot be a group email (e.g., legal@xyz) or a generic title (e.g., info@xyz; companysecretary@xyz). “Authorised Representative” means an individual acting on behalf of a legal entity that is or was a client of Lehman Brothers International (Europe) (in administration) (“LBIE”) and who is validly appointed pursuant to the relevant provisions of that legal entity’s constitutional document to enter into legal, valid, binding and enforceable obligations on behalf of that legal entity in connection with its relationship with LBIE, without prejudice to the generality of the foregoing, including such individual having the legal capacity to sign a proof of debt in respect of that legal entity in accordance with Rule 2.72 (ix) of the Insolvency Rules 1986. It being understood that where the legal entity itself is an individual, the Authorised Representative can be either such individual or another person validly appointed by such individual.

If you do not have a recognised primary contact listed in CIP on the day that the security enhancement process goes live, your legal entity will not be able to log on to CIP. 

More information on the security enhancements and your obligations will be placed on the PwC-LBIA website in advance of these changes. LBIE will also email all counterparties with details of these changes and obligations.

All questions regarding the above may be sent to generalqueries@lbia-eu.com