Updated Margin Rates

Report date

Originating department:

Risk Management

Circular No.

LCH Circular No 3718

Service Circular No

LSE Derivatives Circular No 34


1st April 2016


London Stock Exchange Derivatives Market Members


1.    LCH.Clearnet Ltd has, after consultation with the London Stock Exchange Derivatives Market, revised the London SPAN parameters as marked in bold and italic on the attached document.   

2.    Changes have been made to London Stock Exchange Derivatives contracts.

3.    The changes will be going live on Monday 4th April and will be reflected in margin calls on Tuesday 5th April.

4.    This circular supersedes circular number LCH.Clearnet Ltd. 3706; London Stock Exchange Derivatives Market dated 23rd February 2016.

5.    Details of the current SPAN Parameters, for all London Stock Exchange Derivatives contracts, can be found on the LCH.Clearnet website (www.lchclearnet.com) under Risk Management > Ltd > Margin rate circulars.

6.   London Stock Exchange Derivative Market Margin Change Spreadsheet

7.   For further Information please contact the following:

Operations and Client Servicing        + 44 (0) 20 7426 7601

Nicholas Lincoln
Director, Market Risk