10 September 2015 - London Stock Exchange Derivatives Margin Rate Circular

Report date
Summary

Originating department:

Risk Management

Circular No.

LCH Circular No 3653

Service Circular No.

 LSE Derivatives Circular No 28

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 contract Turkish BIST 30 Index.
     
  3. The changes will be going live on Monday 14th September.
     
  4. This circular supersedes circular number LCH Ltd. 3647; London Stock Exchange Derivatives Market dated 1st September 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 contact the following:

Operations and Client Servicing:

+ 44 (0) 20 7426 7601.


Nicholas Lincoln
Director, Market Risk