SA Acceptable Cash

LCH SA accepts the following currencies to cover margin requirements:

• Euro*: Clearing Member must deposit via an account held within a central bank connected to the TARGET 2 system or be represented by a payment agent holding such an account.

* At CDSClear, Euro cash deposited after the first intraday slot will be subject to a €50 million daily cap per CDS Clearing Member. Any change on the cap amount will be communicated in advance.

• US Dollar or Pound Sterling: deposited via an account in the name of LCH within the commercial bank Euroclear Bank.

  US Dollar cash collateral is subject to a 4.8% haircut.

  Pound Sterling cash collateral is subject to a 5.4% haircut.