Changes to the LCH Limited Rulebook – Go-Live for Default Rule Revisions
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Circular No. |
LCH Circular No 3826 |
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Date: |
10th January 2017 |
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To: |
All LCH Clearing Members |
On 7 July 2016 (circular No. 3765) LCH announced a consultation with respect to changes to its Default Rules. In response to Clearing Member feedback, LCH announced on 26 August 2016 that the Default Rules would be published for a second round of consultation (circular No. 3780). This second round of consultation commenced on 17 November 2016 (circular No. 3808). LCH has now self-certified its changes for the Rates (SwapClear and Listed Rates) and ForexClear services with the CFTC (available here). The changes for all services are scheduled to become effective on 16 January 2017.
Clearing Members should email any questions to rulebook@lch.com or contact their usual LCH representative.
Please note that all rulebook revisions may remain subject to regulatory approval.