LCH Limited (“LCH”) Rule Change Committee of 30 July 2020 Proposed Changes to the LCH Rulebook

Report date
Summary
Circular No. LCH Circular No. 4106
Date: 5 August 2020
To: All Clearing Members
Body

Following the Rule Change Committee of LCH on 30 July 2020, LCH is proposing the following changes to the LCH rulebook, which are available on its secure website at https://secure-area.lchclearnet.com/secure_area/Default.asp under the folder “Rulebook.”

Member Notification 

Title

Services Impacted

Euroclear Finland - Nordea replaced by Citibank

EquityClear

SwapClear R3 – Product and Tenor Extensions

SwapClear

  Two Weeks’ Member Consultation

Title

Services Impacted

Clearstream Banking S.A. (Luxembourg) - New Approved Settlement Platform

EquityClear

RepoClear Redenomination

RepoClear

Four Weeks’ Member Consultation

Title

Services Impacted

FCM Euro Cash Collateral - Investment

FCM Rates and FCM ForexClear

Sponsored Clearing - Qualified Investor Alternative Investment Funds

RepoClear

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