LCH Limited (“LCH”) Rule Change Committee of 25 July 2018 - Proposed Changes to the LCH Rulebook
Circular No. |
LCH Circular No 3967 |
Date: |
27th July 2018 |
To: |
All LCH Ltd Members |
Following LCH’s Rule Change Committee of 25 July 2018, LCH is proposing the following rulebook changes, which are available on its secure website at https://secure-area.lchclearnet.com/secure_area/Default.asp under the folder “Rulebook.”
Rulebook Changes – Member Consultation
The following rulebook changes are being made available for a consultation period of four weeks.
Title
|
Services Impacted |
Automatic Exercise of FX Options – Expiry of a Put
|
ForexClear |
General Regulation 20(k) Conforming Change
|
All |
Rates Service Default Fund Methodology
|
Rates |
ForexClear Default Fund Methodology
|
ForexClear |
ForexClear DMG
|
ForexClear |
The following rulebook changes are being made available for a consultation period of two weeks.
Title
|
Services Impacted |
FX Options – Mandatory ForexClear Swaps Cap
|
ForexClear |
Rulebook Changes – Member Notification
Title
|
Services Impacted |
Collateral for Stress Loss Margin Notice Period
|
SwapClear |
Cancellation of HKD Peg
|
SwapClear |
Clearing members that wish to comment on the proposed rulebook changes should email rulebook@lch.com. If you have any general questions on rulebook changes, please contact your usual LCH contact. Please note that all rulebook changes remain subject to regulatory approval and internal LCH risk approval.