LCH SA
The purpose of the Rules and Regulation is to formalise the relationship between LCH SA and its Clearing Members by describing each other's rights and obligations.
These rules that are governed by French law consist in:
Title : General Provisions and Legal framework
Titles II: Membership
Titles III: Clearing operations
Title IV: Risk Management
Title V : Triparty Repo clearing services
Download: English Version Download: French Version
describing the general provisions, specific issues at last technical.
New Numbering | Title (in English and in French) | Publication Date | Former Numbering |
---|---|---|---|
TITLE I – GENERAL PROVISIONS AND LEGAL FRAMEWORK | |||
CHAPTER 2 – GENERAL PROVISIONS | |||
I.2-1 |
Consultation Process for material changes to the Rule Book and Instructions Processus de Consultation en cas de modification des Règles de la Compensation et des Instructions |
Published December 27, 2019 | |
CHAPTER 3 – LEGAL FRAMEWORK | |||
I.3-4 | Published December 11, 2020 | ||
I.3-6 | Published April 19, 2013 |
TITLE II – MEMBERSHIP | |||
CHAPTER 1 – GENERAL PROVISIONS | |||
II.1-2 |
Specific provisions applicable to an allied Clearing House Dispositions particulières applicables à une Chambre de Compensation Associée |
Published June 27, 2011 | |
CHAPTER 2 – LEGAL OBLIGATIONS | |||
II.2-1 | Authorised Clearing Operators for Markets which Transactions are registered in the Cash and Derivatives Clearing System
Les opérateurs habilités de la compensation pour les marchés dont les transactions sont enregistrées dans le Système de Compensation Cash & Dérivés (mise à jour le 12 décembre 2013) |
Published April 14, 2009 | I.4-5 |
II.2-2 | Quality requirements for Clearing Members
Normes de qualité applicables aux Adhérents Compensateurs (mise à jour le 12 décembre 2013) |
Published May 27, 2010 | I.4-2 |
II.2-3 | Published December 12, 2013 | ||
CHAPTER 4 - INFORMATION OBLIGATIONS AND AUDIT | |||
II.4-1 | Information and audits | Published December 27, 2019 | I.4-6 |
TITLE V – TRIPARTY REPO CLEARING SERVICES | |||
V.4-1 |
Margining of Triparty Repo Transactions (Calculation Methodology) Couvertures des Transactions de Pensions Livrées Tripartites (Méthode de calcul des Couvertures) |
Published December 27, 2019 | |
V.4-2 |
The Triparty Repo Default Fund Le Fonds de Gestion de la Défaillance Pensions Livrées Tripartites |
Published December 27, 2019 | |
V.4-3 |
The Service Continuity and Service Closure processes for Triparty Repos |
Published June 12, 2014 | |
V.4-4 | Published June 12, 2014 |
Notices
Notices state operational details such as delivery process applied to commodities contracts and other information such as timeframes or prices. To access the full suite of LCH SA legal notices please click here.
CDS Clearing Rule Book (last updated 26/10/2020)
The FCM CDS Clearing Regulations (last updated 23/12/2013)
CDS Clearing Supplement (last updated 3 December 2020)
- Section 1: Membership (last updated 18/07/2019)
- Section 2: Margin, NPV Payment and Price Alignment (last updated 26/10/2020)
- Section 3: Collateral, Variation Margin and Cash Payment (last updated 18/07/2019)
- Section 4: Eligibility Requirements (last updated 26/10/2020)
- Section 5: CDS Clearing Operations (last updated 3 December 2020)
- Section 6: CDS Default Fund (last updated 26/10/2020)
- Section 7: Business Continuity (last updated 16/12/2014)
- Section 8: Disciplinary Proceedings (last updated 26/10/2020)
- Section 9: Complaint Resolution (last updated 09/05/2012)
To access the CDSClear Clearing Notices, please click here.