Acceptable Collateral Haircut Review
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Circular No. |
LCH Circular No 4299 |
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Date: |
21 March 2024 |
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To: |
All LCH Ltd Participants |
All LCH Ltd Participants
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 26th of March 2024* and are now available to view within the LCH Knowledge Centre at the below locations:
- LCH - General Ltd - Member > Service Information > Haircut Schedules
- LCH - General Ltd - Client > Service Information > Haircut Schedules
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 FLRBAU@lch.com.
*Subject to regulatory review