8 February 2016 - EnClear Margin Rate Circular

Report date
Summary

Originating department:

Risk Management

Circular No.

LCH Circular No 3698

Service Circular No.

 EnClear Circular No 438

To:

EnClear Members
Body

Updated Margin Rates

  1. LCH Ltd has revised the London SPAN parameters as marked in bold and italic on the attached document.  This circular supersedes circular LCH / 3680; LCH EnClear /436 dated 26th November 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 Wednesday 10th February 2016 and will be reflected in margin calls made on Thursday 11th February 2016.
     
  4. 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.
     
  5. EnClear Margin Rate Spreadsheet
     
  6. For further information please contact the following:
    Operations and Client Servicing +44 (0)20 7426 7688


Nicholas Lincoln
Director, Market Risk