10 May 2016 - London Stock Exchange Derivatives Margin Rate Circular

Report date
Summary

Originating department:

Risk Management

Circular No.

LCH Circular No 3732

Service Circular No.

LSE Derivatives Circular No 37

To:

London Stock Exchange Derivatives Market Members
Body

Updated Margin Rates
 

  1. LCH 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 Thursday 12th May and will be reflected in margin calls on  Friday 13th May.
     
  4. This circular supersedes circular number LCH Ltd. 3724; London Stock Exchange Derivatives Market dated 19th April 2016.
     
  5. Details of the current SPAN Parameters, for all London Stock Exchange Derivatives contracts, can be found on the LCH website
    (www.lch.com) under Risk Management > Ltd > Margin rate circulars.
     
  6. London Stock Exchange Derivatives Margin Rate Spreadsheet
     
  7. For further Information please contact the following:
    ETD Risk  +44 (0)20 7426 7918



Nicholas Lincoln
Director, Market Risk