LCH.Clearnet Ltd - Changes in Margin Management

Please note that due to a change in the margin management policy, LCH.Clearnet Limited is implementing the following changes to its collateral processes:

For all LCH.Clearnet Ltd Clearing Members:

LCH.Clearnet Limited will no longer accept USD cash Collateral in excess of a Clearing Member’s Initial Margin requirement after 2.00pm (New York time) on any Business Day. Clearing Members may continue to provide cash Collateral in response to a margin call. This change applies to Clearing Members’ Proprietary and Client business.

SwapClear Tolerance will remain available to Clearing Members after 2:00pm (New York time).

For FCM Clearing Members only:

Requests for the same day return of USD cash Collateral must be received by LCH.Clearnet Limited prior to 9:30am (New York time) on any Business Day. Any requests received after the 9:30am cut-off time will be rejected.

These changes will take effect from April 8, 2014, subject to regulatory approval. A copy of LCH.Clearnet Limited’s self-certification to the CFTC is available here: http://www.lchclearnet.com/Images/self-cert%20letter_tcm6-64959.pdf.

Terms used herein shall have the meaning assigned to them in the Rulebook or FCM Rulebook as applicable.

For further information, please contact the below:

SwapClear Membership Sales and Relationship Management
Email: [email protected]

SwapClear Client Sales | LCH.Clearnet |
Email: [email protected]