11 December 2014 - Enclear Margin Rate Circular
Report date
Summary
Originating department: |
Risk Management |
Circular No. |
LCH Circular No 3566 |
Service Circular No. |
EnClear Circular No 420 |
To: |
All EnClear Clearing Members |
Body
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 / 3544; LCH EnClear /417 dated 26th November 2014.|
- For EnClear contracts CTC, CPT and P3A the spot month top up charge applied to front month is being reduced.
- The margin review changes will take place with effect from close of business Friday 12th December and will be reflected in margin calls made on Monday 15th December.
- Enclear Margin Rate Spreadsheet
- 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.
- For further information please contact the following: Operations and Client Servicing +44 (0)20 7426 7688
Nicholas Lincoln
Director, Market Risk