13 June 2014 - London Stock Exchange Derivatives Margin Rate Circular

Report date
Summary
Originating Department: Risk Management
Company Circular No: LCH.Clearnet Ltd Circular No 3484
Service Circular No: London Stock Exchange Derivatives Market 13
Date: 13 June 2014
To: All London Stock Exchange Derivatives Market Members
Body

London Stock Exchange Derivatives Market Margin Rate Change

  1. LCH.Clearnet Ltd has, after consultation with 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 Thursday 19th June 2014 and will be reflected in margin calls on Friday 20th June 2014.

  4. This circular supersedes circular number LCH.Clearnet Ltd. 3474; London Stock Exchange Derivatives 12 dated 23 May 2014.

  5. Details of the current SPAN Parameters, for all London Stock Exchange Derivatives contracts, can be found on the LCH.Clearnet website (www.lchclearnet.com) under Risk Management > Ltd > Margin rate circulars.

  6. London Stock Exchange Derivatives Margin Rate Change Spreadsheet

  7. Members seeking further information in relation to this circular should contact the following:

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

 

Nicholas Lincoln
Director, Market Risk