| LCH circular number: | 4254 |
| Date: | March 21, 2023 |
| To: | All LCH Ltd Members |
The LCH Limited (LCH) Risk Management department has undertaken a review of the haircuts applied to member margin collateral.
Changes to the haircuts resulting from this review will be made effective from Tuesday 28th of March 2023* and the new haircut schedule can be viewed within the LCH Knowledge Centre (accessible via LCH Portal) alongside the existing one.
LCH continues to reserve the right to use its discretion in all circumstances and, in particular, around areas of specific concentration in securities received as margin collateral, including ‘wrong-way' risk.
Members seeking further information in relation to this Circular or confirmation of eligibility should contact the following:
FLR BAU
FLRBAU@lch.com
*Subject to regulatory review