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Originating department:Commercial Services
Company Circular No:LCH.Clearnet Ltd Circular No 2686
Date:25 October 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 8 November 2010.

  3. This circular supersedes LCH.Clearnet Ltd Circular No 2634 dated 11 June 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.

  5. Members seeking further information in relation to this Circular or confirmation of eligibility should contact one of the following:

Jenny Cronin - Treasury OperationsNeil Jones - Risk Management
Tel: +44 (20) 7426 7095Tel: +44 (20) 7426 7485
E-mail: TeamCollateral@lchclearnet.comE-mail: neil.jones@lchclearnet.com


Christopher Jones 
Director and Head of Risk Management