LCH Limited (“LCH”) Rule Change Committee of 21 May 2020 Proposed Changes to the LCH Rulebook

Report date
Summary
Circular No. LCH Circular No. 4095
Date: 27 May 2020
To: All Clearing Members

 

Body

Following the Rule Change Committee of LCH on 21 May 2020, LCH is proposing the following changes to the LCH rulebook, which are available on its secure website at https://secure-area.lchclearnet.com/secure_area/Default.asp under the folder “Rulebook.”

Rulebook Changes – Two Weeks’ Consultation

The following rulebook changes are being made available for a consultation period of two weeks.

Title

Services Impacted

FCM Euro Cash Collateral – Investment

FCM Rates Service 

 

ForexClear Sovereign Risk Margin Add-On

 

ForexClear

 

FX Options – Settlement Cycle Pay-In Window

ForexClear

Rulebook Changes – Member Notification

 The following rulebook changes are being made available for member notification.

Title

Services Impacted

Partial settlement

RepoClear

Clearnet removal

All Services

Clearing members that wish to comment on the proposed LCH rulebook changes should email rulebook@lch.com.  If you have any general questions on LCH rulebook changes, please contact your usual LCH contact.  Please note that all LCH rulebook changes remain subject to regulatory approval and internal LCH risk approval.