Change to FCM LDR rate for the SwapClear service

Dear Member,

Pursuant to FCM Procedure 3.5.1, LCH Limited is writing to notify FCM SwapClear Clearing Members that FCM LDR for the SwapClear service will change to benchmark less the following spreads:

USD from 19bps to 10bps

EUR from 58bps to 30bps

GBP from 23bps to 0bps

These changes will become effective on 2 December 2019.

Please note, the foregoing change will not affect the ForexClear service, and FCM LDR for the ForexClear service will remain unchanged.

Please send any questions to:

collateral.product@lch.com

Kind regards,

Collateral and Liquidity Management.