RepoClear Ltd Default Fund change
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Circular No.: |
LCH Circular No. 4231 |
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Date: |
14 October 2022 |
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To: |
All RepoClear Ltd Clearing Members |
Dear RepoClear Ltd Member,
The RepoClear Ltd service will be updating the stress suite in light of recent market conditions. The change will take effect on 20 October 2022 and will impact the size of the RepoClear Ltd Default Fund.
Members can review their Default Fund requirement in report 77f, published in the Portal during the morning of 20 October. Additionally, on 20 October, Members will receive an email notification outlining if any additional funds are required to cover this change.
Please contact the Securities Client Service team if any additional information is required, at securitiesclientserviceltd@lch.com
Kind Regards
Securities Client Service