LCH Limited (“LCH”) Rule Change Committee Meeting on 7 November 2023 - Proposed Changes to the Rulebook

Report date
Summary

Circular No.

4278

Date:

8 November 2023

To:

All LCH Limited Clearing Members

Body

Following LCH’s Rule Change Committee meeting on 7 November 2023, LCH is proposing the following rulebook changes, which are available on the LCH portal at https://clearingservices.lch.com/portal/login. Please look in the Document Library within the Knowledge Centre section of the portal under the folder “LCH – General Ltd – Member” and then the sub-folder “Rulebook”.

Rulebook Changes – Notification

 

Title

 

 

       Services Impacted

 

Item 171 – Variable elements of a swap

 

              SwapClear

 

Item 172 – Updates to SSI details

            

               EquityClear

            

              Item 175 – EquityClear interoperability

 

               EquityClear

 

Item 176 – Registration Time

          

               All services

 

Item 178 – Net Capital Requirements

 

Listed Interest Rates,ForexClear

Rulebook Changes - Consultation - 2 weeks

 

Title

 

 

      Services Impacted

 

Item 173 – Take back Collateral

 

             All services

 

Item 174 – E account

 

            All FCM services

Clearing members that wish to comment on the proposed LCH rulebook changes should email rulebook@lch.com. If you have any general questions on LCH rulebook changes, please contact your usual LCH contact. Please note that all LCH rulebook changes remain subject to regulatory approval and internal LCH risk approval.