LCH Limited (“LCH”) Rule Change Committee Meetings on 30 June 2022 and 18 April 2023 - Proposed Changes to the Rulebook

Report date
Summary

Circular No.

LCH Circular No. 4261

Date:

21 April 2023

To:

All LCH Limited Clearing Members

Body

Following LCH’s Rule Change Committee meetings on 30 June 2022 and 18 April 2023, LCH is proposing the following rulebook changes, which are available on the LCH portal at https://clearingservices.lch.com/portal/login. Please look in the Document Library within the Knowledge Centre section of the portal under the folder “LCH – General Ltd – Member” and then the sub-folder “Rulebook”.

Rulebook changes – Notification

                                                                                          Title

Services Impacted

Item 137 -  Change to the minimum default fund contribution of members of the Listed Interest Rates Service

 

Item 156 -  USD LIBOR conversion (ForexClear)

Listed Interest Rates

 

      ForexClear

Rulebook changes – Consultation – 2 weeks

                                                                                         Title     

Services Impacted 

Item 133 - SwapClear 24x5

SwapClear and ForexClear

Rulebook changes – Consultation – 4 weeks

               Title

Services  Impacted

Item 158 - THB and SGD conversion

SwapClear

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.