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

Report date
Summary

Circular No.

LCH Circular No. 4188

Date:

16 December 2021

To:

All LCH Limited Clearing Members

Body

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 https://secure-area.lchclearnet.com/secure_area/Default.asp under the folder “Rulebook”.

Rulebook Changes – Notification

Title

Services Impacted

Item 114 - Dealer agreements

SwapClear, ForexClear and RepoClear

Item 117 - Forward rate agreements referencing USD LIBOR 

SwapClear

Item 118 - Updating registered office

 All services 

Rulebook Changes – Consultation - Four Weeks

Title

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 rulebook@lch.com. 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.