EnClear Circular No 453

Report date
Summary

Originating department:

Risk Management

Circular No.

LCH Circular No 3846

Service Circular No.

EnClear Circular No 453

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 to EnClear Scanning ranges, Intermonth Spread Charges and Intercommodity Credits.
  3. The changes will be going live on Tuesday 14th March 2017 and will be reflected in margin calls on Wednesday 15th March 2017.
  4. This circular supersedes circular LCH Ltd. 3817; LCH EnClear dated 7th December 2016.
  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