23 May 2014 - EnClear Margin Rate Circular

Report date
Originating Department: Risk Management
Company Circular No: LCH.Clearnet Ltd Circular No 3473
Service Circular No: LCH.Clearnet EnClear 403
Date: 23 May 2014
To: All LCH.Clearnet EnClear Clearing Members

Margin Rate Changes for EnClear Contracts

  1. LCH Ltd has revised the London SPAN parameters as marked in bold and italic on the attached document. This circular supersedes circular LCH / 3463; LCH EnClear /401 dated 2st May 2014.

  2. Changes have been made to EnClear Contracts.

  3. The margin review changes will take place with effect from close of business Tuesday 27th May and will be reflected in margin calls made on Wednesday 28th May.

  4. EnClear Margin Rate Spreadsheet 

  5. Details of the current London SPAN Parameters, for all EnClear contracts, can be found on the LCHwebsite (www.lchclearnet.com) under Risk Management > Ltd > Margin rate circulars.

  6. For further information please contact the following:

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


Nicholas Lincoln
Director, Market Risk