19 April 2016 - London Stock Exchange Derivatives Margin Rate Circular
Originating department: |
Risk Management |
Circular No. |
LCH Circular No 3724 |
Service Circular No |
LSE Derivatives Circular No 35 |
To: |
London Stock Exchange Derivatives Market Members |
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 21st April and will be reflected in margin calls on Friday 22nd April.
4. This circular supersedes circular number LCH Ltd. 3718; London Stock Exchange Derivatives Market dated 1st 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 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