23 June2015 - Enclear Margin Rate Circular

Report date
Summary

Originating department:

Risk Management

Circular No.

LCH Circular No 3625

Service Circular No.

EnClear Circular No 430

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 / 3617; LCH EnClear /429 dated 14th May 2015.
     
  2. Changes have been made to EnClear Scanning ranges and Inter-Commodity Credits.
     
  3. The margin review changes will take place with effect from close of business Thursday 25th June 2015 and will be reflected in margin calls made on Friday 26th June 2015.
     
  4. Enclear Margin Rate Spreadsheet
     
  5. Details of the current London SPAN Parameters, for all EnClear contracts, can be found 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 7688

Nicholas Lincoln
Director, Market Risk