LDR/CDR/RDR/Accommodation Charge Notification

As per Circular 3760 - LCH Ltd (LCH) can confirm that the committee’s review has been completed. Full details have now been published in the fees section of LCH website. Please note that, in a change to Circular 3760, the CDR will be reviewed monthly going forward.   

As a reminder, LCH may review rates applied to cash balances more frequently if required. LCH may change LDR with 3 days’ written notice and CDR with 2 weeks’ written notice.  

Collateral Substitutions 

From 20^th September 2022, and until further notice, LCH may require up to 10 business days’ notice for substitutions of collateral (cash collateral versus non-cash collateral and cash versus cash collateral) in excess of £50mm.   

The above applies to both Clearing Member's house and Client business.  

Cash Collateral Posting  

Clearing Members can provide cash collateral in response to margin calls and clearing requirements⁽¹⁾. LCH may request Clearing Members to withdraw cash collateral in excess of margin calls and clearing requirements.  

⁽¹⁾ An FCM Clearing Member that offers the LSOC with Excess Model may continue to deliver excess initial margin to LCH. 

 
If you require any further information or have any questions please contact: 

Collateral Client Services
Collateral.ClientServices@lch.com