23 October 2015 - London Stock Exchange Derivatives Margin Rate Circular

Report date
Summary

Originating department:

Risk Management

Circular No.

LCH Circular No 3670

Service Circular No.

LSE Derivatives Circular No 31

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 due to the launch of London Stock Exchange Derivatives Markets new Norwegian Nordic Semiconductor (NOD) contract.
     
  3. The changes will be going live on Monday 26th October
     
  4. This circular supersedes circular number LCH Ltd. 3667; London Stock Exchange Derivatives Market dated 15th October 2015.
     
  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