LDR/CDR/RDR/Accommodation Charge – December Process Change
LCH Circular No 3815
5th December 2016
All LCH Ltd Clearing Members
Please note the LDR, RDR and Accommodation spread review is being brought forward for this month; this will be held on Wednesday December 7th 2016 rather than on the 15th as is normally the case.
This is to allow members as much time as possible to take action following any spread adjustments, given the substitutions restrictions in place over the Christmas period.
The temporarily revised schedule for December will be:
- 7th December - LDR, RDR & Accommodation review committee meeting
- 12th December - Members notified of spread changes
- 14th December - Spread changes implemented
- 27th December - Any accommodation changes implemented
Please note the CDR is unaffected as not due to be reviewed in December.
If you require any further information or have any questions please contact:
Collateral Client Services
Senior Operations and Client Services Manager