26 November 2015 - EnClear Margin Rate Circular

Report date

Originating department:

Risk Management

Circular No.

LCH Circular No 3680

Service Circular No.

EnClearCircular No 436


All LCH EnClear Clearing Members

  1. LCH Ltd has revised the London SPAN parameters as marked in bold and italic on the attached document.  This circular supersedes circular LCH / 3658; LCH EnClear /434 dated 15th September 2015.
  2. Changes have been made to EnClear Scanning ranges, Intermonth Spread Charges and Intercommodity Credits.
  3. The margin review changes will take place with effect from close of business Monday 30th November 2015 and will be reflected in margin calls made on Tuesday 1st December 2015.
  4. Details of the current SPAN Parameters, for all EnClear 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 7688

Nicholas Lincoln
Director, Market Risk