LCH.Clearnet Ltd Rulebook

The LCH.Clearnet Ltd rulebook consists of a number of parts: the General Regulations, the Settlement Finality Regulations, the Default Rules, the Default Fund Rules and the Procedures. These are set out below, and they may be updated on a quarterly basis.

However, the documents may also be amended from time to time in between these quarterly updates in line with the introduction of new cleared products, changes to legislation or contract specifications etc. In such case the changes will be posted to the Recent and Forthcoming Rulebook Changes section of the website.

These changes will then be incorporated into the main text of the rulebook (below) at the next scheduled update. The changes will take effect and become legally binding as of the date indicated on the Recent and Forthcoming Rulebook Changes section of the website.

It is important to always check the Recent and Forthcoming Rulebook Changes in order to ensure that the documentation currently in force is being viewed.

Click here if you wish to download the complete Rules and Regulations in one searchable document.

Rulebook

Contents (last updated 01/10/2007)

General Regulations (last updated 25/04/2008)

Default Rules (last updated 01/10/2007)

Default Fund Rules (last updated 21/12/2007)

Settlement Finality Regulations (last updated 06/06/2005)

Procedures

Section 1 - Clearing Member, Dealer and Other Non-Clearing Member Status (last updated 14/03/2008)

Section 2A - Exchange Clearing (last updated 30/04/2008)

Section 2B - RepoClear (last updated 11/06/2008)

Section 2C - SwapClear (last updated 14/12/2007)

Section 2D - EquityClear and EquityClear for SWX (last updated 03/03/2008)

Section 2E - LCH EnClear (last updated 21/04/2008)

Section 2F - EDX (last updated 01/10/2007)

Section 3 - Financial Transactions (last updated 25/04/2008)

Section 4 - Collateral (last updated 14/04/2008)

Section 5 - Commodity Deliveries (last updated 11/01/2008)

Section 6 - ICE Futures Deliveries (last updated 13/03/2008)

Section 6A - LCH EnClear Deliveries (last updated 15/04/2008)

Section 7 - Euronext.liffe Deliveries (last updated 07/05/2008)

Section 8 - LME Deliveries (last updated 01/10/2007)

Section 9 - virt-x Deliveries (last updated 09/07/2001)

Section 10 - Business Continuity (last updated 02/05/2007)

Section 11 - Appeal Procedures (last updated 03/02/2004)

Section 12 - Complaints Procedures (last updated 28/01/2004)