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Originating department:Risk Management
Company Circular No:LCH.Clearnet Ltd Circular No 2634
Date:11 June 2010
To:All LCH.Clearnet Clearing Members

Acceptable Collateral Haircut Review

  1. The LCH.Clearnet Ltd Risk Management department has undertaken a review of the haircuts applied to margin collateral.

  2. Changes to the haircuts resulting from this review will be made effective from Monday 21 June 2010.

  3. This circular supersedes LCH.Clearnet Ltd Circular No 2592 dated 12 March 2010.

  4. Details of the LCH.Clearnet Ltd Acceptable Collateral list can be found on the LCH.Clearnet Ltd website (www.lchclearnet.com) by selecting ‘Risk Management’ and ‘LCH.Clearnet Limited’. Details can then be found under the ‘Collateral Management’ section.

Please contact the following for confirmation of eligibility or any further information:

Jenny Cronin - Treasury OperationsNeil Jones - Risk Management
Tel: +44 (20) 7426 7095Tel: +44 (20) 7426 7485 

E-mail: jenny.cronin@lchclearnet.com

E-mail:  neil.jones@lchclearnet.com


Christopher Jones
Director and Head of Risk Management