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 3000 |
| Service Circular No: | EquityClear/Turquoise Derivatives 200 |
| Date: | 12 October 2011 |
| To: | All EquityClear/Turquoise Derivatives Members |
Turquoise Derivatives Margin Rate Change
LCH.Clearnet Ltd has, after consultation with Turquoise Derivatives, revised the London SPAN parameters as marked in bold and italic in the spreadsheet below.
Changes have been made to Turquoise Equities contracts.
3. The changes will be going live on Monday 17 October and will be reflected in margin calls on Tuesday 18 October.
This circular supersedes circular number LCH.Clearnet Ltd. 2996; Turquoise Derivatives/ EquityClear 199 dated 7 October 2011.
Details of the current SPAN Parameters, for all Turquoise contracts, can be found on the LCH.Clearnet website (www.lchclearnet.com) under Risk Management > Ltd > Margin rate circulars.
Members seeking further information in relation to this circular should contact the following:
LCH.Clearnet Ltd Risk Operations 020 7426 7520
Nicholas Lincoln
Director, Market Risk