Explore the Archive
- Risk Notices Ltd
- Risk Notices SA
- Default Fund Notices SA
- Circulars
- Flash infos Bonds & Repos
- Flash infos Derivatives
- Flash infos Equities
- Flash infos Other
- Fixed Income Notices Ltd
- Legal Notices SA
- Membership Notices SA
- General Information
- General Member Meetings
- Press Releases
- SA Completion of Application Documentation
- SA Clearing Specifications
- SwapClear Legal Documentation
| Originating department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 2834 |
| Service Circular No: | EquityClear/EDX 180 |
| Date: | 15 April 2011 |
| To: | All EquityClear/EDX London Members |
EDX Margin Rate Changes
LCH.Clearnet Ltd has, after consultation with EDX London, revised the London SPAN parameters.
Changes have been made due to the introduction of new EDX contracts.
The changes will be going live on Wednesday 20 April 2011 and will be reflected in margin calls on Thursday 21 April 2011.
This circular supersedes circular number LCH.Clearnet Ltd/ 2760 : EDX/ EquityClear 176 dated 11 January 2011.
Details of the current SPAN Parameters, for all EDX contracts, can be found on the LCH.Clearnet website (www.lchclearnet.com) under Risk Management > Ltd > Margin rate circulars.
Please click on the EDX Margin Rate Change Spreadsheet for the revised SPAN parameters marked in bold and italic.
Members seeking further information in relation to this circular should contact the following:
| LCH.Clearnet Ltd | Risk Operations | 020 7426 7520 |
Christopher Jones
Executive Director and Head of Risk Management