14 July 2014 - LME Margin Rate Circular
|Originating Department||Risk Management|
|Company Circular No:||LCH Ltd Circular No 3494|
|Circular No:||LME 472|
|To:||All Clearing Members|
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 Thursday 17th July 2014 and will be reflected in margin calls on Friday 18th July 2014.
- This circular supersedes: LCH Ltd Circular No 3482; LME/471 dated 9th June 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