Acceptable Collateral Haircut Review

Report date

Circular No.

LCH Circular No 4288


10th January 2024


All LCH Ltd Members


All LCH Ltd Members


The LCH Limited (LCH) Risk Management department has undertaken a review of the haircuts applied to member margin collateral.


Changes to the haircuts resulting from this review will be made effective from Tuesday 16th of January 2024* and can be viewed within the LCH Knowledge Centre (accessible via LCH Portal)


The new haircut schedule will be published alongside the existing haircut schedule within the LCH the LCH Knowledge Centre (accessible via LCH Portal)


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: