Changes to the LCH.Clearnet Limited Rulebook – Rulebook Committee of 11 August 2016

Report date
Summary

Circular No.

LCH Circular No 3773

Date:

17th August 2016

To:

All LCH Clearing Members

Body

Following the Rule Change Committee of 11 August 2016, LCH.Clearnet Limited is making the following 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.

4 weeks Consultation

 

Title

Application of FCM Buffer and Currency Holidays

Services Impacted

SwapClear

 

 

2 weeks Consultation

 

Title

Listed Rates FCM Rulebook[1]

Reallocation of Unallocated Excess and LSV

ATSS Synch / Additional Messaging

Services Impacted

Listed Interest Rates

SwapClear

SwapClear

 

The following rulebook changes are for notification only:

Title

Services Impacted

SwapClear Opening Hours

SwapClear

Small Notionals

SwapClear

SwapClear Financial Centers

SwapClear

Listed Interest Rates Eligible Products

Listed Interest Rates

Section 3 of the Procedures

All

Section 4 of the Procedures

All

Clearing Members that wish to comment on the consultation drafts should email rulebook@lch.com.

If you have any general questions on rulebook changes, please contact your usual LCH 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.

 

[1] Please note that the Listed Interest Rates service for FCM Clearing Members is an optional service provided by the Clearing House.