| Market: | All |
| Products: | Derivatives |
| Date: | 21 November 2006 |
Intra-day Margin Project: Member testing on EUA platform
Testing timetable
With reference to IDM testing timetable provided in the section 1.5 of the Intraday-day Margin testing guide, testing participants are kindly reminded that the week of the 27th November and the week of the 11th December 2006 are dedicated to intra-day treasury reports testing. The thresholds used during this period are described below. Please be aware that they have been set-up to a level that will trigger intra-day margin calls.
Threshold details
Participants are advised that the following thresholds will apply for this period of testing :
| Possible situation | Margin deposited in the morning
by the member (MM) | Threshold |
| Case 1 | MM >= 500 000 | Fixed amount = 100 000 |
| Case 2 | 100 000 < MM < 500 000 | Percentage = 5 % |
| Case 3 | MM <= 100 000 | Fixed amount = 10 000 |
These thresholds will be used for generating intra-day margin calls and for creating the relevant information in the treasury reports.
Updated version of the testing guide
Click to view the updated testing guide. Changes are highlighted in yellow.
For any enquiry during the tests or for further information, please contact your LCH.Clearnet Product Implementation:
Nathalie Parquic + 44 (0) 207426 7889 – nathalie.parquic@lchclearnet.com Angelo Pinar + 33 (1) 70 37 66 85 – angelo.pinar@lchclearnet.comOr Your local Relationship Manager