23 May 2014 - EnClear Margin Rate Circular
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
-
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.
-
Changes have been made to EnClear Contracts.
-
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.
-
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.
-
For further information please contact the following:
Operations and Client Servicing +44 (0)20 7426 7520
Nicholas Lincoln
Director, Market Risk