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

  1. 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.|
     
  2. For EnClear contracts CTC, CPT and P3A the spot month top up charge applied to front month is being reduced.
     
  3. 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.
     
  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 7688



Nicholas Lincoln
Director, Market Risk