28 April 2016 - EnClear Margin Rate Circular

Report date
Summary

Originating department:

Risk Management

Circular No.

LCH Circular No 3730

Service Circular No.

EnClear Circular No 442

To:

All LCH EnClear Clearing Members
Body

Updated Margin Rates

 

  1. LCH Ltd has revised the London SPAN parameters as marked in bold and italic on the attached document.
     
  2. Changes have been made to EnClear Scanning ranges, Intermonth Spread Charges and Intercommodity Credits.
     
  3. The changes will be going live on Tuesday 3rd May 2016 and will be reflected in margin calls on Wednesday 4th May 2016.
     
  4. This circular supersedes circular LCH Ltd. 3704; LCH EnClear dated 18th February 2016.
     
  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. EnClear Margin Rate Spreadsheet
     
  7. For further information please contact the following:
    ETD Risk    +44 (0)20 7426 7918
     

Nicholas Lincoln
Director, Market Risk