EnClear Circular No 455

Report date
Summary

Originating department:

Risk Management

Circular No.

LCH Circular No 3862

Service Circular No.

EnClear Circular No 455

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.
     
  2. Changes have been made due to the launch of the new EnClear Supramax contract (SPT).
     
  3. The changes will be going live on Friday 26th May 2017 and will be reflected in margin calls on Monday 29th May 2017.
     
  4. This circular supersedes circular LCH Ltd. 3846; LCH EnClear dated 13th March 2017.
     
  5. 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.
     
  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