LCH Limited (“LCH”) Rule Change Committee of 21 May 2020 Proposed Changes to the LCH Rulebook

Report date
Circular No. LCH Circular No. 4095
Date: 27 May 2020
To: All Clearing Members



Following the Rule Change Committee of LCH on 21 May 2020, LCH is proposing the following changes to the LCH rulebook, which are available on its secure website at under the folder “Rulebook.”

Rulebook Changes – Two Weeks’ Consultation

The following rulebook changes are being made available for a consultation period of two weeks.


Services Impacted

FCM Euro Cash Collateral – Investment

FCM Rates Service 


ForexClear Sovereign Risk Margin Add-On




FX Options – Settlement Cycle Pay-In Window


Rulebook Changes – Member Notification

 The following rulebook changes are being made available for member notification.


Services Impacted

Partial settlement


Clearnet removal

All Services

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