LCH Ltd – Collateral arrangements for the Half Year End

Report date

Circular No.

LCH Circular No 3743


2nd June 2016


All LCH.Clearnet Ltd Members


The purpose of this circular is to provide detailed information on payment and margin management over this period.

Margin Management

LCH Limited will not schedule a Backloading run on the 23rd / 24th / 30th June 2016.

From Tuesday 21st June 2016 until Wednesday 29th June 2016 (inclusive), LCH may require up to 5 working days notice for any substitution of collateral in excess of 100mn cash value. In addition, substitutions will not be permitted for value on 30th June. This applies in respect of cash being substituted for non-cash, or vice versa, and substituting cash for cash in an alternative currency.

The above applies to both Clearing Member’s Proprietary and Client business.