12 August 2014 - LME Margin Rate Circular
|Originating department:||Risk Management|
|Company Circular No:||LCH Ltd Circular No 3506|
|Circular No:||LME 473|
|To:||All LME Clearing Members|
LME - MARGIN RATE CHANGES
- LCH Ltd has, after consultation with LME, set the London SPAN margin parameters marked in bold and italic on the attached document.
- The changes will be made effective from the close of business on Monday 18th August 2014 and will be reflected in margin calls on Tuesday 19th August 2014.
- This circular supersedes: LCH Ltd Circular No 3494; LME/472 dated 14th July 2014.
- Please click on the LME Margin Rate Spreadsheet for the revised SPAN parameters marked in bold and italic.
- Details of margin rates are available 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 7520
Director, Market Risk