LCH Limited (“LCH”) Rule Change Committee of 29 March 2023 - Proposed Changes to the LCH Rulebook

Report date
Summary
Circular number: 4258
Date:  31 March 2023
To: All LCH Limited Clearing Members 
Body

Following LCH’s Rule Change Committee meeting on 29 March 2023, LCH is proposing the following rulebook changes, which are available on the LCH portal at https://clearingservices.lch.com/portal/login. Please look in the Document Library within the Knowledge Centre section of the portal under the folder “LCH – General Ltd – Member” and then the sub-folder “Rulebook”.

Rulebook changes - Notification

Title

Services Impacted

Item 155 – Miscellaneous changes relating to LIBOR conversion (SwapClear) where:

 

- set one is scheduled to become effective on 24 April 2023;

- set two is scheduled to become effective on 22 May 2023:

- set three is scheduled to become effective on 12 June 2023; and

- set four is scheduled to become effective on 1 July 2024.

       All services

Clearing members that wish to comment on the proposed LCH rulebook changes should email rulebook@lch.com. 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.