Update: Management of the Maple Bank GmbH Default

Report date

Circular No.

LCH Circular No 3700


9th February 2016


All LCH.Clearnet Limited Clearing Members


Further to Default Notice issued on 8 February 2016, in respect of Maple Bank GmbH, LCH.Clearnet Ltd (“LCH.Clearnet”) is pleased to announce that all of the positions have been resolved. The default was managed within initial margin only, with no recourse to the general default fund.
Maple Bank GmbH was an LCH.Clearnet RepoClear Clearing Member.