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 3149 |
| Service Circular No: | OTC Bullion No 012 |
| Date: | 16 May 2012 |
| To: | All LCH.Clearnet EnClear Clearing Members
(Precious Metals Division) |
Margin Rate Changes for OTC Gold
LCH.Clearnet Ltd has set the London SPAN parameters as marked in bold and italic on the attached document. This circular supersedes LCH.Clearnet / 3134; LCH Gold Bullion / 011 dated 04 April 2012.
Changes have been made to OTC Gold Bullion contract.
The margin review changes will take place with effect from close of business Thursday 17 May 2012 and will be reflected in margin calls made on Friday 18 May 2012
Details of the current London SPAN Parameters, for the OTC Gold Bullion contract, can be found on the LCH.Clearnet website (www.lchclearnet.com) under Risk Management > Ltd > Margin rate circulars.
For further information please contact the following:
Risk Operations +44 (0)20 7426 7520
Nicholas Lincoln
Director, Market Risk