15 September 2015 - EnClear Margin Rate Circular

Report date
Summary

Originating department:

Risk Management

Circular No.

LCH Circular No 3658

Service Circular No.

EnClearCircular No 434

To:

All LCH 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 / 3625; LCH EnClear /430 dated 23rd June 2015.
     
  2. Changes have been made to EnClear Scanning ranges.
     
  3. The margin review changes will take place with effect from close of business Friday 18th September 2015 and will be reflected in margin calls made on Monday 21st September 2015
     
  4. Details of the current SPAN Parameters, for all London Stock Exchange Derivatives contracts, can be found on the LCH website (www.lch.com) under Risk Management > Ltd > Margin rate circulars
     
  5. EnClear Market Margin Change Spreadsheet
     
  6. For further Information please contact the following:  Operations and Client Servicing: + 44 (0) 20 7426 7601.


Nicholas Lincoln
Director, Market Risk