12 August 2014 - LME Margin Rate Circular

Report date
Summary
Originating department:  Risk Management
Company Circular No: LCH Ltd Circular No 3506
Circular No: LME 473
To: All LME Clearing Members
Body

LME - MARGIN RATE CHANGES

  1. LCH Ltd has, after consultation with LME, set the London SPAN margin parameters marked in bold and italic on the attached document.
  2. 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.
  3. This circular supersedes: LCH Ltd Circular No 3494; LME/472 dated 14th July  2014.
  4. Please click  on the LME Margin Rate Spreadsheet  for the revised SPAN parameters marked in bold and italic.
  5. Details of margin rates are available 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

 

Nicholas Lincoln

Director, Market Risk