LCH Limited (“LCH”) Rule Change Committee of 15 December 2021 - Proposed Changes to the LCH Rulebook

Report date

Circular No.

LCH Circular No. 4188


16 December 2021


All LCH Limited Clearing Members


Following LCH’s Rule Change Committee of 15 December 2021, LCH is proposing the following rulebook changes, which are available on its secure website at under the folder “Rulebook”.

Rulebook Changes – Notification


Services Impacted

Item 114 - Dealer agreements

SwapClear, ForexClear and RepoClear

Item 117 - Forward rate agreements referencing USD LIBOR 


Item 118 - Updating registered office

 All services 

Rulebook Changes – Consultation - Four Weeks


Services Impacted

Item 115 - Switch time from UK PPS to US PPS (FCM only)

      All FCM services

Item 119 - Canadian clients

All non-FCM services

Clearing members that wish to comment on the proposed rulebook changes should email If you have any general questions on rulebook changes, please contact your usual LCH contact. Please note that all rulebook changes remain subject to regulatory approval and internal LCH risk approval.