26 November 2014 - Enclear Margin Rate Circular

Report date
Summary

Originating department:

Risk Management

Company Circular No

LCH.Clearnet Ltd Circular No 3544

Service Circular No

LCH EnClear 417

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 / 3521; LCH EnClear /410 dated 24th September 2014.
     
  2. Changes have been made to EnClear Contracts.
     
  3. The margin review changes will take place with effect from close of business Monday 1st December and will be reflected in margin calls made on Tuesday 2nd December.
     
  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 > Ltd > Margin rate circulars.
     
  6. For further information please contact the following: 

    Operations and Client Servicing +44 (0)20 7426 768

 

Nicholas Lincoln

Director, Market Risk