Collateral Substitutions Notification

Report date

Originating department:

Risk Management

Circular No.

LCH Circular No 3869


16th June  2017


All LCH Ltd Members


From Friday 23 June till Friday 30 June, LCH Limited will require up to 5 business days notice for substitution of collateral (cash versus non-cash collateral and vice versa as well as cash versus cash) for any currency over £50mn equivalent – in addition to this, large deposits of cash in excess of margin requirements on 30th June will be subject to approval.

The above applies to both Clearing Member's Proprietary and Client business.

For further information, please contact:

Collateral Client Services

Nick McMillan
Senior Manager: Collateral Operations and Client Services

Elissa Holme
Head of CaLM LCH Limited