EnClear Circular No 458

Report date
Summary

Originating department:

Risk Management

Circular No.

LCH Circular No 3873

Service Circular No.

EnClear Circular No 458

To:

EnClear Members
Body

MARGIN RATE CHANGES FOR ENCLEAR CONTRACTS

 

  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 CommodityClear Scanning ranges, Intermonth Spread Charges and Intercommodity Credits.
     
  3. The changes will be going live on Wednesday 28th June 2017 and will be reflected in margin calls on Thursday 29tht June 2017.
     
  4. This circular supersedes circular LCH Ltd. 3862; LCH CommodityClear dated 25th May 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