31 July 2014 - London Stock Exchange Derivatives Margin Rate Circular

Report date
Summary

Originating Department:

Risk Management

Company Circular No

LCH Ltd Circular No: 3500

Service Circular No

London Stock Exchange Derivatives Market: 14
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 6th August and will be reflected in margin calls on Thursday 7th August.

  4. This circular supersedes circular number LCH Ltd. 3484; London Stock Exchange Derivatives Market 13 dated 13th June 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 Derivatives Margin Rate Change Spreadsheet

  7. For further Information please contact the following

Operations and Client Servicing                        + 44 (0) 20 7426 7520

 

Nicholas Lincoln

Director, Market Risk