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
- 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.
- Changes have been made to EnClear Scanning ranges and Inter-Commodity Credits.
- 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.
- Enclear Margin Rate Spreadsheet
- 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.
- For further information please contact the following: Operations and Client Servicing +44 (0)20 7426 7688
Nicholas Lincoln
Director, Market Risk