Collateral Arrangements for the Period 4th November Until 10th November

Report date

Circular No.

LCH Circular No 3796


17th October 2016


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:

Kind regards,

Collateral Services