04 July 2014 - Enclear Margin Rate Circular
|Originating department||Risk Management|
|Company Circular No:||LCH Ltd Circular No 3492|
|Circular No:||LCH EnClear 408|
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 / 3473; LCH EnClear /403 dated 23rd May 2014.
2. Changes have been made to EnClear Contracts.
3. The margin review changes will take place with effect from close of business Wednesday 9th July and will be reflected in margin calls made on Thursday 10th July.
4. Enclear Margin Rate Spreadsheet
5. Details of the current London SPAN Parameters, for all EnClear contracts, can be found on the LCH website (www.lch.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
Director, Market Risk