LCH Ltd Acceptable Collateral expanded to include Supranationals and additional Agency bonds
Circular No. |
LCH Circular No 3978 |
Date: |
27th September 2018 |
To: |
All LCH Clearing Members |
Dear Member,
We are pleased to announce that LCH Limited (“LCH”) is expanding its range of eligible securities to include Supranationals and additional Agency bonds (identified below). The new securities will be subject to concentration limits (details will be provided on our website and collateral FAQs). These bonds will be available on a bilateral (not a triparty) basis only to begin with, and changes to the triparty arrangements are being assessed and we will update you in due course.
An accommodation charge of 13bps will apply to the new securities delivered bilaterally and 11.5bps for triparty. We will align existing Agency bonds to this new charging structure. The go-live date on which the new securities will become eligible is 22 October 2018, subject to regulatory review.
New acceptable Issuers
Issuers |
Type of Issuer |
International Bank for Reconstruction & Development |
Supranational |
European Financial Stability Facility |
Supranational |
European Stability Mechanism |
Supranational |
European Union |
Supranational |
European Bank of Reconstruction & Development |
Supranational |
European Investment Bank |
Supranational |
Rentenbank |
Agency |
Kommuninvest |
Agency |
If you have any questions please contact CaLMFLR@lch.com or Collateral.product@lch.com