LSEDM Margin rate changes

Report date
Summary

Circular No.

LCH Circular No 3959

Date:

22nd June 2018

To:

All LSEDM Members

Body

Updated Margin Rates 

1.    LCH has, after consultation with the London Stock Exchange Derivatives Market, revised the London SPAN parameters as marked in bold and italic on the attached document.  
2.    Changes have been made to London Stock Exchange Derivatives contracts.
3.    The changes will be going live on Wednesday 27th June and will be reflected in margin calls on Thursday 28th June.
4.    This circular supersedes circular number LCH Ltd. 3393; London Stock Exchange Derivatives Market dated 27th Mar 2018.
5.    Details of the current SPAN Parameters, for all London Stock Exchange Derivatives contracts, can be found on the LCH website under Risk Management > Ltd > Margin rate circulars.
6.    For further Information please contact the following:

ETD Risk                   +44 (0)20 7426 7918

Nicholas Lincoln
Director, Market Risk