15 January 2015 - London Stock Exchange Derivatives Margin Rate Circular

Report date
Summary

Originating department:

Risk Management

Circular No.

LCH Circular No 3581

Service Circular No.

 LSE Derviatives Circular No 23

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 Friday 16th January and will be reflected in margin calls on Monday 19th January.
     
  4. This circular supersedes circular number LCH Ltd. 3526; London Stock Exchange Derivatives Market dated 02nd October 2014.
     
  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 7688

Nicholas Lincoln
Director, Market Risk