Changes to the LCH.Clearnet Limited and FCM Rulebook
Circular No. |
LCH Circular No 3618 |
Date: |
25th May 2015 |
To: |
All LCH.Clearnet Ltd Clearing Members |
Following the Rules Change Committee of 19 May 2015, LCH.Clearnet Limited is making a number of proposed rulebook changes available on its secure website.*
The proposed changes referred to in this circular are summarised below, and are being made available for a consultation period specified below:
1. Compression – 28 day consultation |
ForexClear |
2. Package Transactions – 28 day consultation |
ForexClear |
3. PPS Contingency Arrangements – 14 day consultation |
All Services |
4.Follow-up Inflation Swaps Changes – 14 day consultation |
SwapClear |
5.Manual Acceptance – 14 day consultation |
SwapClear |
The following rulebook changes are for notification only:
1. NLX Accounts |
NLX |
2. Waterfall Changes |
All Services |
In addition Clearing Members are advised that:
LCH.Clearnet Limited previously published draft rules relating to the introduction of clearing of Mexican Peso denominated interest rate swaps through its SwapClear service. These rules provided that MXN was a “Two-Day Currency”. The final rules will be changed to reflect the fact that MXN will be a “One-Day Currency”.
Clearing Members that wish to comment on the consultation drafts should email: rulebook@lchclearnet.com.
If you have any general questions on rulebook changes, please contact your usual LCH.Clearnet contact.
Please note that all rulebook revisions may remain subject to regulatory approval.
Accessing the Secure Area:
*The proposed changes to the rulebook can be found on the secure area within the folder ‘Rulebook'.
Members with an existing secure area account:
Log-in here
Request access to the ‘Rulebook' area here
In the "Organisation" section please provide the full legal entity name of your firm.
Log-in details will follow via e-mail.
Members without a secure area account:
Request access to the ‘Rulebook' here
In the "Organisation" section please provide the full legal entity name of your firm.
Log-in details will follow via e-mail.