LCH Limited (“LCH”) Rule Change Committee of 29 November 2018 - Proposed Changes to the LCH Rulebook

Report date
Summary

Circular No.

LCH Circular No 3993

Date:

7 December 2018

To:

All LCH Clearing Members

Body

Following LCH’s Rule Change Committee of 29 November 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 – Notification  

The following rulebook changes are being made available for notification to LCH’s clearing members.

Title

Services Impacted

Approved EquityClear Trading Venues

EquityClear

ForexClear Options – Liquidity Fund Notice Period

ForexClear

SwapClear – Account Migration

SwapClear

SwapClear – Removal of IMMES

SwapClear

Rulebook Changes – Consultation  

The following rulebook changes are being made available for 4 weeks’ consultation to LCH’s clearing members.

Title

Services Impacted

Equities Service – Default Fund Additional Margin

EquityClear

LSE Derivatives Markets

ForexClear Options – Settlement Events

ForexClearClear

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.