Collateral Substitutions Notification
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Originating department: |
Risk Management |
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Circular No. |
LCH Circular No 3869 |
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Date: |
16th June 2017 |
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To: |
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 Collateral.ClientServices@lch.com
CaLM FO CaLMFrontOffice@lch.com
Nick McMillan Nick.McMillan@lch.com
Senior Manager: Collateral Operations and Client Services
Elissa Holme Elissa.Holme@lch.com
Head of CaLM LCH Limited