SwapClear Additional Collateral ‘A' Account Decommissioning

Report date

Circular No.

LCH Circular No 3595

Service Circular No

SwapClear Circular No 137


10th March 2015


All SwapClear Members


All SwapClear Clearing Members (SCMs) are advised that as part of LCH.Clearnet Ltd's plan to decommission the Additional Collateral ‘A' account SCMs are requested to withdraw all Client Collateral currently held on the account no later than close of business 31st March.

The intention to decommission this facility was first advised to Clearing Members as part of the changes introduced for holding and processing collateral with LCH.Clearnet Ltd and SA under EMIR (see circular No 3402 released in January 2014).

Updates to the related Client Excess procedures listed below will be advised in due course:

  • Section 4 – Margin and Collateral:  Sub section 1.10 – Client Excess Spreadsheet
  • Section 4 – Margin and Collateral:  Sub section 1.11 – SwapClear Intra-Day Margin Call: Collateral Management

If you have any questions related this change please contact:
collateral.services@lchclearnet.com ; or