Update: Management of VTB Capital PLC Default

Report date

Circular No.

LCH Circular No. 4199


3 March 2022


All LCH Limited Clearing Members


Further to Default Notice issued on 3 March 2022, in respect of VTB Capital PLC, LCH Ltd (“LCH”) is pleased to announce that all of the positions have been resolved. The default was managed within the defaulter’s initial margin only, with no recourse to the general default fund.

VTB Capital plc was an LCH EquityClear Clearing Member.