EquityClear - Margin Adjustment

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Company Circular No:

LCH Circular No 3532,

EquityClear Circular No:

EquityClear Circular No 17


14 October 2014


To All EquityClear Clearing Members


Dear Member

Further to EquityClear circular 3525 issued on 2nd October 2014, we would like to inform you that from Monday 3rd November 2014 we will permanently remove the assumed settlement parameter covering next day deliveries from the end-of-day margin calculation.

No changes are being made to the ERA margin algorithm or the structure of the ERA parameter files. The change will be implemented by LCH.Clearnet setting the existing ‘Assumed Settlement' flag in the ‘Equity' parameter file to ‘N' for all securities.  

If you require further information please contact: Ian Mackenzie, Tel: +44 (0) 20 7426 7265 or Email: ian.mackenzie@lchclearnet.com

Your Sincerely

Roland Chai, Head of Equities, LCH.Clearnet Ltd.