Formalisation of the Collateral & Liquidity Roadmap Response

Report date

Circular No.

LCH Circular No 3559


03 December 2014


All LCH LTD Clearing Members


Dear Member

LCH.Clearnet Ltd ("LCH.Clearnet") has implemented a non-default loss allocation model as a result of the revision of UK CCP Recognition Requirements* that became effective on 1 May 2014. 

In response to this implementation, LCH.Clearnet has held consultations with members on various aspects of our collateral and liquidity management approach, via the Collateral & Liquidity Roadmap programme.

We are now in the process of contacting members directly to formalise responses to the questions covered within the programme. Should you wish to be involved in this formalisation process please contact your LCH.Clearnet relationship manager.

To view this notice online click here.

* Section 3 of SI 2013/1908, The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories)(No.2) Regulations 2013