Acceptable Collateral expanded to include Supranationals and additional Agency bonds

Report date
Summary

Circular No.

LCH Circular No 3979

Date:

8th October 2018

To:

All LCH Clearing Members

Body

LCH Limited (LCH) is expanding its range of eligible securities to include Supranationals and additional Agency bonds as announced in LCH Circular No 3978

The new securities will become eligible from Monday 22 October 2018* and the new haircut schedule can be viewed within the LCH Secure Area

The new haircut schedule will be published alongside the existing haircut schedule within the LCH Secure Area up until 22 October, whereupon the previous schedule will be removed.

LCH continues to reserve the right to use its discretion in all circumstances and, in particular, around areas of specific concentration in securities received as margin collateral, including ‘wrong-way' risk.

Members seeking further information in relation to this Circular or confirmation of eligibility should contact the following:

If you have any questions please contact CaLMFLR@lch.com or Collateral.product@lch.com

*Subject to regulatory review