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 November 22, 2021 | |
CHAPTER 3 – LEGAL FRAMEWORK | |||
I.3-4 | Published February 23, 2022 | ||
I.3-6 | Published November 22, 2021 |
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 3, 2021 | |
V.4-2 |
The Triparty Repo Default Fund Le Fonds de Gestion de la Défaillance Pensions Livrées Tripartites |
Published November 22, 2021 | |
V.4-3 |
The Service Continuity and Service Closure processes for Triparty Repos |
Published November 22, 2021 | |
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 on 11/05/2022)
The FCM/BD CDS Clearing Regulations (last updated on 03/08/2021)
CDS Clearing Supplement (last updated on 14/12/2022)
- Section 1: Membership (last updated 18/07/2019)
- Section 2: Margin, NPV Payment and Price Alignment (last updated on 14/12/2022)
- Section 3: Collateral,Variation Margin and Cash Payment (last updated on 01/11/2021)
- Section 4: Eligibility Requirements (last updated on 03/08/2021)
- Section 5: CDS Clearing Operations (last updated on 18/05/2022)
- 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.