FX Haircuts on Collateral - Revised Date For New Member Reports
LCH Circular No 3973
28th August 2018
All LCH Clearing Members
Dear LCH Member,
Further to our previous circular covering FX Haircuts on Collateral (Circular No. 3971 - 20th August 2018), we would like to notify you that the availability of the new collateral reports in production has been postponed by two weeks to the 17th September.
As a reminder the new reports (listed below) remain available for you to download from the Member Test portal and will be introduced in parallel to the unchanged existing reports:
- REP00031 - Collateral and Exposure Summary;
- REP00046a - SOD Cash Collateral Holdings; and
- REP00046 - Cash Collateral Holdings.
Some members have noticed discrepancies in the reports, which we are in the process of addressing, and we will be deploying fixes to the test environment shortly. Once the fixes are complete, we will update members again via circular.
Details of the changes can be found in the attached pdf, which has been updated with the new implementation date. There are no other changes to the schedule for the rest of the program.
If you have any questions please contact us at email@example.com