Updated Margin Rates

Report date
Summary

Originating department:

Risk Management

Circular No.

LCH Circular No 3880

Service Circular No.

LSE Derivatives Circular No 49

To:

London Stock Exchange Derivatives Market 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 16th August and will be reflected in margin calls on Thursday 17th August.
  4. This circular supersedes circular number LCH Ltd. 3867; London Stock Exchange Derivatives Market dated 12th June 2017.
  5. Details of the current SPAN Parameters, for all London Stock Exchange Derivatives contracts, can be found on the LCH website (www.lch.com) under Risk Management > Ltd > Margin rate circulars.
  6. London Stock Exchange Derivatives Margin Rate Spreadsheet
  7. For further Information please contact the following: ETD Risk  +44 (0)20 7426 7918

Nicholas Lincoln
Director, Market Risk