24 September 2014 - Enclear Margin Rate Circular

Report date
Summary

Originating Department

Risk Management

Company Circular No:

LCH Ltd: LCH Circular No 3521

Circular No:

EnClear Circular No 410
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 / 3492; LCH EnClear /408 dated 4th July 2014.
     
  2. Changes have been made to EnClear Contracts.
     
  3. The margin review changes will take place with effect from close of business Tuesday 30th September and will be reflected in margin calls made on Wednesday 1st October.
     
  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 & Collateral Management > Risk Notices
     
  6. For further information please contact the following:

Operations and Client Servicing +44 (0)20 7426 7688

 

Nicholas Lincoln

Director, Market Risk