LCH Limited (“LCH”) Rule Change Committee of 25 July 2018 - Proposed Changes to the LCH Rulebook
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Circular No. |
LCH Circular No 3967 |
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Date: |
27th July 2018 |
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To: |
All LCH Ltd Members |
Following LCH’s Rule Change Committee of 25 July 2018, 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 – Member Consultation
The following rulebook changes are being made available for a consultation period of four weeks.
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Title
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Services Impacted |
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Automatic Exercise of FX Options – Expiry of a Put
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ForexClear |
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General Regulation 20(k) Conforming Change
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All |
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Rates Service Default Fund Methodology
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Rates |
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ForexClear Default Fund Methodology
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ForexClear |
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ForexClear DMG
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ForexClear |
The following rulebook changes are being made available for a consultation period of two weeks.
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Title
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Services Impacted |
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FX Options – Mandatory ForexClear Swaps Cap
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ForexClear |
Rulebook Changes – Member Notification
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Title
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Services Impacted |
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Collateral for Stress Loss Margin Notice Period
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SwapClear |
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Cancellation of HKD Peg
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SwapClear |
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.