14 July 2014 - LME Margin Rate Circular

Report date
Summary
Originating Department Risk Management
Company Circular No: LCH Ltd Circular No 3494
Circular No: LME 472
To: All Clearing Members

 

Body

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 Thursday 17th July 2014 and will be reflected in margin calls on Friday 18th July 2014.

  3. This circular supersedes: LCH Ltd Circular No 3482; LME/471 dated 9th June 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