02 June 2015 - EquityClear Margin Rate Circular

Report date
Summary

Originating department:

Risk Management

Circular No.

LCH Circular No 3620

Service Circular No.

 EquityClear Circular No 30

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 Thursday 4th June and will be reflected in margin calls on Friday 5th June.
     
  4. This circular supersedes LCH Ltd Circular number 3582; EquityClear Circular number 24; dated 15th January 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