Changes to the LCH.Clearnet Limited Rulebook and FCM Rulebook – Rulebook Committee of 02 September 2015
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Circular No. |
LCH Circular No 3650 |
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Date: |
4th September 2015 |
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To: |
All LCH.Clearnet Ltd Members |
Following the Rule Change Committee of 02 September 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 the consultation period specified below.
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28 Day Consultation |
Services Impacted |
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1. FCM Default Confidentiality |
SwapClear FCM / ForexClear FCM / Nodal FCM |
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2. Non-Default Losses Clarification |
All Services |
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3. Settlement Liquidity Margin |
RepoClear |
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14 Day Consultation |
Services Impacted |
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4. ATSS Synchronisation |
SwapClear / SwapClear FCM |
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5. Amendments to Bunched Orders |
SwapClear FCM |
The following rulebook changes are for notification only:
| 1. EnClear Removal | EnClear FCM |
| 2. Clarification re: interest payments | All Non-FCM Services |
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.