LCH Limited (“LCH”) Rule Change Committee of 31 January 2018 - Proposed Changes to the LCH Rulebook

Report date
Summary

Circular No.

LCH Circular No 3930

Date:

31th January 2018

To: All LCH Ltd Members
Body

Following LCH’s Rule Change Committee of 31 January 2018, LCH is proposing the following rulebook changes, which are available on its secure website at https://www.lch.com/secure_area/default.asp under the folder “Rulebook.”

Rulebook Changes - Consultation

The following rulebook changes are being made available for a consultation period of four (4) weeks.

Title

Services Impacted

Clearing House Prescribed Language

All Services

Select Clearing Members

All Services

SwapClear Corrective Amendments

SwapClear

ForexClear Options

ForexClear

Rulebook Changes – Notification

Title

Services Impacted

SONIA Reference Rates

SwapClear

Criminal Finance Act

All

Variation Margin as Settlement

SwapClear, ForexClear

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.