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 3246 |
| Service Circular No: | EquityClear/Turquoise Derivatives 231 |
| Date: | 15 January 2013 |
| 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 Equity contracts.
The changes will be going live on Monday 21 January 2013 and will be reflected in margin calls on Tuesday 22 January 2013.
This circular supersedes circular number LCH.Clearnet Ltd. 3214; Turquoise Derivatives/ EquityClear 228 dated 25 October 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
Nicholas Lincoln
Director, Market Risk