LCH SA Rulebook

The purpose of the Rules and Regulation is to formalise the relationship between LCH SA and its Clearing Members by describing each other's rights and obligations.

Fixed Income & Triparty Repos

Rulebook Overview

These rules that are governed by French law consist in:

  • Title I: General Provisions and Legal framework
  • Title II: Membership
  • Title III: Clearing operations
  • Title IV: Risk Management
  • Title V: Triparty Repo clearing services

The Instructions

Title I – General Provisions and Legal Framework

Chapter 2 – General Provisions

Title I – General Provisions and Legal Framework: Chapter 2 – General Provisions

Chapter 3 – Legal Framework

Title I – General Provisions and Legal Framework: Chapter 3 – Legal Framework

Title II – Membership

Chapter 1 – General Provisions

Title II – Membership: Chapter 1 – General Provisions

Chapter 2 – Legal Obligations

Title II – Membership: Chapter 2 – Legal Obligations

Chapter 4 – Information Obligations and Audit

Title II – Membership: Chapter 4 – Information Obligations and Audit

Title III - Clearing Operations

Chapter 4 – Settlement and Delivery

Title III - Clearing Operations: Chapter 4 – Settlement and Delivery

Title IV - Risk Management

Chapter 2 – Margin Requirements

Title IV - Risk Management: Chapter 2 – Margin Requirements

Chapter 3 – Default Fund

Title IV - Risk Management: Chapter 3 – Default Fund

Chapter 4 – Collateral

Title IV - Risk Management: Chapter 4 – Collateral

Chapter 5 – Event of Default

Title IV - Risk Management: Chapter 5 – Event of Default

Title V - Triparty Repo Clearing Services

Title V - Triparty Repo Clearing Services

Notices

Notices state operational details and other information such as timeframes or prices. Access the full suite of LCH SA legal notices on our SA Member Updates page.