Risk Management

Business Streams

 
Originating department:Risk Management
Company Circular No:LCH.Clearnet Ltd Circular No 2416
Service Circular No:RepoClear 131
Date:30 January 2009
To:All RepoClear Members

Margin Rate Changes

  1. LCH.Clearnet Ltd has revised the London SPAN parameters for RepoClear. These changes will be made effective from the close of business on Wednesday 4 February 2009 and will be reflected in margin calls on Thursday 5 February 2009.

  2. Resulting changes to margin rates are detailed in bold and italic type in Attachments A, B, C, D, E, F, G and H of this circular.

  3. This circular supersedes LCH.Clearnet Ltd Circular No 2392; RepoClear/126 dated 10 December 2008.

  4. Details of the LCH.Clearnet Ltd RepoClear Circular can be found on the LCH.Clearnet website (www.lchclearnet.com) under Risk Management > Ltd > Margin rate circulars > RepoClear.

  5. Members seeking further information please contact:

    LCH.Clearnet LtdRisk Operations020 7426 7520

Chris Jones
Director, Risk Management

RepoClear Margin Rate Change Spreadsheet

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