SA Risk Notices

View the LCH SA risk notices

Margin Parameters

Cash

Margin parameters for the Cash securities

Notice 2023 - 004
English version
January 12, 2023

Margin parameters for the Cash securities

Notice 2023- 027
English version
September 22, 2023

Derivatives

Margin parameters for Amsterdam, Brussels, Lisbon and Paris Derivatives Markets

Notice 20234-04 February 19 2024

Margin parameters for Amsterdam, Brussels, Lisbon and Paris Derivatives Markets Notice 2024-03 February 8 2024

 

Bonds & Repos

Margin parameters for Transaction on Debt securities executed on Trading and Matching Platforms

Notice 2022 - 037
English Version
June 17, 2022

Margin call principle

Cash & Derivatives

Margin Calls principles related to Margins requirements and payment obligations on Cash and Derivatives Markets.

Notice 2022 - 042
English version
July 07, 2022      

Variation Margin Methodology

Bonds & Repo

Variation Margin Methodology for Transaction on Debt securities executed on Trading and Matching Platforms

Notice 2012 - 027
English version
French version
March 20, 2012      

Collateral Margin
Eligible Collateral and Applicable Haircut
Cash, Derivatives and Fixed Income

Notice 2023 - 29

English version

October 9, 2023

Notice 2023 - 29

French version

October 9, 2023

CDSClear

Notice 2023 - 30

English version

October 9, 2023

 

Open Position Limits Notices & Instructions

Commodity derivative contracts

Position limits on commodities futures contracts

Notice 2023-013
English version

May 16, 2023

Instruction - Position limits applicable on commodities futures

Instruction IV.1-1

 

Financial derivative contracts

   

Position limits on financial derivative contracts

Notice 2024-002
English version
February 2nd, 2024

                  Position limits on financial derivative contracts Notice 2024-005
English version
March 1st, 2024

Instruction - Position limits applicable on financial listed derivatives

Instruction IV.1-2

Default fund

The Cash and Derivatives Default Fund

The Cash & Derivatives Default Fund

Notice 2023-016
English version
June 23, 2022

Instructions

The Cash and Derivatives Default Fund for Securities or Derivatives product Groups (excepted MTS Italy Regulated Market) and BlueNext market

IV.3-1

Fixed Income Default Fund

The Fixed Income Default Fund

Notice 2023 - 019
English version
June 30, 2023

€GCplus

Cap and Floor

The Default Fund for transactions executed on the TriParty Repo Clearing System

 

Notice 2019 - 172
English version
September 4, 2019

                     

Own Resources           

Dedicated own resources allocated to theFixed Income Default Fund

Notice 2013-057
English version
July 29, 2013       

Instructions

The Fixed Income Default Fund for trading and Matching Platforms and the MTS Italy Regulated Market                  

IV.3-2

Default Management instructions and information

Instructions

Financial resources used by LCH SA in case of default of a Clearing Member               

IV.5-2

Liquidation and transfer processes in case of an event of default of a Clearing Member

IV.5-2