20 November 2015 - EquityClear Margin Rate Circular

Report date
Summary

Originating department:

Risk Management

Circular No.

LCH Circular No 3678

Service Circular No.

 EquityClear Circular No 40

To:

EquityClear Members

Body

Updated Margin Rates
 

  1. LCH Ltd has revised the Margin parameters as per the attached document.  
     
  2. Changes have been made to EquityClear contracts.
     
  3. The changes will be going live on Friday 20th November and will be reflected in margin calls on Monday 23rd November.
     
  4. This circular supersedes LCH Ltd Circular number 3620; EquityClear Circular number 30; dated 2nd June 2015.
     
  5. Details of the current ERA Parameters, for all EquityClear contracts, can be found on the LCH website (www.lch.com) under Risk & Collateral Management > Margin Data & Public Files > LCH.ERA Risk Parameter Files.
     
  6. EquityClear Margin Rate Spreadsheet
     
  7. For further Information please contract the following: Operations and Client Servicing      + 44 (0) 20 7426 7601

Nicholas Lincoln
Director, Market Risk