Network Rail - New Eligible Collateral at LCH
|
Circular No. |
LCH Circular No 4126 |
|
Date: |
7th December 2020 |
|
To: |
All LCH Clearing Members |
We are pleased to announce that LCH Limited (“LCH”) is expanding its range of eligible non-cash collateral to include Network Rail Infrastructure Finance Plc. The new non-cash collateral 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. Changes to the triparty arrangements are currently being assessed and we will provide an update in due course.
Our target go-live date will be 14 December 2020.
If you require any further information or have any questions please contact:
Collateral Client Services
Collateral.ClientServices@lch.com