LCH Limited (“LCH”) Rule Change Committee of 25 November 2019 - Proposed Changes to the LCH Rulebook
LCH Circular No: 4066
Date: 29 November 2019
To: All Clearing Members
Following LCH's Rule Change Committee of 25 November 2019, LCH is proposing the following rulebook changes, which are available on its secure website at https://secure-area.lchclearnet.com/secure_area/Default.asp under the folder “Rulebook”.
Rulebook Changes – Notification
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Title
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Services Impacted |
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Securities Collateral – Record Date Restrictions
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All
|
|
EquityClear Procedures “Clean-up”
|
EquityClear |
|
Clearing Membership Extensions; Non-Clearing Participants
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All |
|
ForexClear Client Close-Out Actions
|
ForexClear |
|
Default Fund Additional Margin
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SwapClear, ForexClear
|
Rulebook Changes – Two Weeks’ Consultation
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Title
|
Services Impacted |
|
Clearing Member Sub-Accounts
|
SwapClear, ForexClear
|
Rulebook Changes – Four Weeks’ Consultation
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Title
|
Services Impacted |
|
Default Rules – AIPs |
SwapClear, ForexClear, Listed Rates
|
|
FX Options – Automatic Expiry
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ForexClear
|
Clearing members that wish to comment on the proposed rulebook changes should email rulebook@lch.com. If you have any general questions on rulebook changes, please contact your usual LCH contact. Please note that all rulebook changes remain subject to regulatory approval and internal LCH risk approval.