LCH SA
The purpose of the Rules and Regulation is to formalise the relationship between LCH SA and its Clearing Members by describing each other's rights and obligations.
These rules that are governed by French law consist in:
Title : General Provisions and Legal framework
Titles II: Membership
Titles III: Clearing operations
Title IV: Risk Management
Title V : Triparty Repo clearing services
Download: English Version Download: French Version
describing the general provisions, specific issues at last technical.
New Numbering | Title (in English and in French) | Publication Date | Former Numbering |
---|---|---|---|
TITLE I – GENERAL PROVISIONS AND LEGAL FRAMEWORK | |||
CHAPTER 2 – GENERAL PROVISIONS | |||
I.2-1 |
Consultation Process for material changes to the Rule Book and Instructions Processus de Consultation en cas de modification des Règles de la Compensation et des Instructions |
Published November 22, 2021 | |
CHAPTER 3 – LEGAL FRAMEWORK | |||
I.3-4 | Published February 23, 2022 | ||
I.3-6 | Published November 22, 2021 |
TITLE II – MEMBERSHIP | |||
CHAPTER 1 – GENERAL PROVISIONS | |||
II.1-2 |
Specific provisions applicable to an allied Clearing House Dispositions particulières applicables à une Chambre de Compensation Associée |
Published June 20, 2022 | |
CHAPTER 2 – LEGAL OBLIGATIONS | |||
II.2-1 | Authorised Clearing Operators for Markets which Transactions are registered in the Cash and Derivatives Clearing System
Les opérateurs habilités de la compensation pour les marchés dont les transactions sont enregistrées dans le Système de Compensation Cash & Dérivés (mise à jour le 12 décembre 2013) |
Published April 14, 2009 | I.4-5 |
II.2-2 | Quality requirements for Clearing Members | Published November 22, 2021 | I.4-2 |
II.2-3 | Published December 12, 2013 | ||
CHAPTER 4 - INFORMATION OBLIGATIONS AND AUDIT | |||
II.4-1 | Information and audits | Published November 22, 2021 | I.4-6 |
II.5-1 |
Resignation and retirement for Agent Members and Sponsored Members Démission et sortie pour les Membres Agents et les Adhérents Sponsorisés |
Published November 22, 2021 |
TITLE V – TRIPARTY REPO CLEARING SERVICES | |||
V.4-1 |
Margining of Triparty Repo Transactions (Calculation Methodology) Couvertures des Transactions de Pensions Livrées Tripartites (Méthode de calcul des Couvertures) |
Published December 3, 2021 | |
V.4-2 |
The Triparty Repo Default Fund Le Fonds de Gestion de la Défaillance Pensions Livrées Tripartites |
Published November 22, 2021 | |
V.4-3 |
The Service Continuity and Service Closure processes for Triparty Repos |
Published November 22, 2021 | |
V.4-4 | Published June 12, 2014 |
Notices
Notices state operational details such as delivery process applied to commodities contracts and other information such as timeframes or prices. To access the full suite of LCH SA legal notices please click here.
CDS Clearing Rule Book (last updated on 11/05/2022)
The FCM/BD CDS Clearing Regulations (last updated on 03/08/2021)
CDS Clearing Supplement (last updated on 14/12/2022)
- Section 1: Membership (last updated 18/07/2019)
- Section 2: Margin, NPV Payment and Price Alignment (last updated on 14/12/2022)
- Section 3: Collateral,Variation Margin and Cash Payment (last updated on 01/11/2021)
- Section 4: Eligibility Requirements (last updated on 03/08/2021)
- Section 5: CDS Clearing Operations (last updated on 18/05/2022)
- Section 6: CDS Default Fund (last updated 26/10/2020)
- Section 7: Business Continuity (last updated 16/12/2014)
- Section 8: Disciplinary Proceedings (last updated 26/10/2020)
- Section 9: Complaint Resolution (last updated 09/05/2012)
To access the CDSClear Clearing Notices, please click here.