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 3154 |
| Service Circular No: | EquityClear/Turquoise Derivatives 220 |
| Date: | 23 May 2012 |
| 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 on the attached document.
Changes have been made to Turquoise Derivatives Indices contracts.
3. The changes will be going live on Monday 28 May 2012 and will be reflected in margin calls on Tuesday 29 May 2012.
4. This circular supersedes circular number LCH.Clearnet Ltd. 3140; Turquoise Derivatives/ EquityClear 218 dated 18 April 2012.
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 +44 (0)20 7426 7520
Christopher Jones
Executive Director and Head of Risk Management