23 February 2016 - London Stock Exchange Derivatives Margin Rate Circular

Report date
Summary

Originating department:

Risk Management

Circular No.

LCH Circular No 3706

Service Circular No.

LSE Derivatives Circular No 33

To:

London Stock Exchange Derivatives Market Members

Body

Updated Margin Rates

  1. LCH 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 Wednesday 24th February and will be reflected in margin calls on Thursday 25th February.
     
  4. This circular supersedes circular number LCH Ltd. 3688; London Stock Exchange Derivatives Market dated 14th January 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 contract the following:
    Operations and Client Servicing    + 44 (0) 20 7426 7601

Nicholas Lincoln
Director, Market Risk