Collateral Arrangements for the Period 4th November Until 10th November
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Circular No. |
LCH Circular No 3796 |
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Date: |
17th October 2016 |
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To: |
All LCH Ltd Clearing Members |
The purpose of this circular is to provide detailed information on payment and margin management over this period.
Margin Management
LCH Ltd will not schedule a Backloading run for the week of the 7th November 2016.
From Friday 4th November 2016 until Thursday 10th November 2016 (inclusive), LCH may require up to 5 working days notice for any substitution of collateral in excess of 100mn cash value.
This applies in respect of cash being substituted for non-cash, or vice versa, and substituting cash for cash in an alternative currency.
The above applies to both Clearing Member’s Proprietary and Client business.
Please send any questions to:
Swapclear.ClientServices@lch.com
Collateral.ClientServices@lch.com
Kind regards,
Collateral Services