Collateral Operations – Banking Reports Change

Report date

Circular No.

LCH Circular No 3630


26 June 2015


All LCH.Clearnet LTD Members


Dear Clearing Member,

LCH.Clearnet Limited (LCH.Clearnet) is pleased to confirm that from Tuesday 11th August coupons resulting from the lodgement of non-cash collateral to cover Initial Margin requirement (margin coupons) will be detailed in Report 22a.

Report 22a is a daily intraday report that will be populated with all relevant margin coupon detail no later than 14:00 London time (FRA postings currently recorded in Report 22a are unaffected). This will allow Clearing Members to view all margin coupons movement within the Banking reporting suite and as such will replace the existing email based reporting.

Report 37 will also report all margin coupon detail together with all cash postings in the monthly Statement of Account.

Please be advised LCH.Clearnet are also making the following updates to Report 18 and Report 18a, effective Tuesday 14th July. This will support the launch of MXN with regard to the SwapClear Clearing Service and TRY on LSE DM (subject to regulatory approval).

  • REP00018: MXN (Mexican Peso) and TRY (New Turkish Lira) FX rates added
  • REP00018a: MXN (Mexican Peso) and TRY (New Turkish Lira) FX rates added

Example text formats have been provided here for your convenience. Furthermore, all new reports will be available in Member Test one week prior to deployment.

If you require any further information or have any questions please contact:

Collateral Queries
Phone +44 (0) 20 7426 7505

Nick McMillan
Operations and Client Service Manager
Phone +44 (0) 20 7426 7283