Extension of UK Gilt Delivery Window for Member Margin
Circular No. |
LCH Circular No 3753 |
Date: |
23rd June 2016 |
To: |
All LCH.Clearnet Limited Clearing Members |
Dear Member,
At LCH, we are constantly looking to expand our collateral services so that we can provide members with new opportunities to 1) provide a broader range of collateral, 2) provide collateral in new settlement locations and; 3) provide collateral via different methods.
That’s why we are pleased to announce that members can now provide eligible UK government gilt securities until 17.00 (London time), an extension of 2h 30mins on the previous cut-off. This has been made possible by the recent extension to the CREST settlement window.
The new cut-off time for gilt deliveries and returns will be implemented immediately.
Please send any questions to: Collateral.Services@lch.com
Kind regards,
Collateral Services