01 September 2015 - London Stock Exchange Derivatives Margin Rate Circular

Report date
Summary

Originating department:

Risk Management

Circular No.

LCH Circular No 3647

Date:

1st  September 2015

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 Monday 7th September and will be reflected in margin calls on Tuesday 8th September.
     
  4. This circular supersedes circular number LCH Ltd. 3624; London Stock Exchange Derivatives Market dated 10th June 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