MARGIN RATE CHANGES FOR ENCLEAR CONTRACTS

Report date
Summary

Originating department:

Risk Management

Circular No.

LCH Circular No 3592

Service Circular No.

EnClear Circular No 424

To:

All EnClear Clearing Members
Body
  1. LCH Ltd has revised the London SPAN parameters as marked in bold and italic on the attached document.  This circular supersedes circular LCH / 3566; LCH EnClear /420 dated 11th December 2014.
     
  2. Changes have been made to EnClear Scanning ranges.
     
  3. The margin review changes will take place with effect from close of business Monday 2nd March 2015 and will be reflected in margin calls made on Tuesday 3rd March 2015.
     
  4. Enclear Margin Rate Spreadsheet
     
  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. For further information please contact the following: Operations and Client Servicing +44 (0)20 7426 7688


Nicholas Lincoln
Director, Market Risk