LCH Limited (“LCH”) Rule Change Committee Meeting of 7 October 2022 - Proposed Changes to the LCH Rulebook

Report date
Summary

Circular No.: 

 LCH Circular No. 4230

Date:

 7 October 2022

To:

 All Rates Service Clearing Members
    Body

    Following LCH’s Rule Change Committee meeting on 7 October 2022, LCH is proposing the following rulebook changes, which are available in two separate places:

    1. The LCH secure website at https://secure-area.lchclearnet.com/secure_area/Default.asp under the folder “Rulebook”; and 
    2. 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 139 - DKK OIS and SEK OIS (SwapClear)

    Rates

    Rulebook Changes – Consultation - 2 Weeks

    Title

    Services Impacted

    Item 137 (amendment) - Increase of the minimum default fund contribution (LIR)

    Rates

    Item 144 – FCM affiliates and FMX

    Rates

     

    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.