August 05, 2020

LCH Ltd (“LCH”) Rule Change Committee of 30 July 2020 Proposed Changes to the LCH Rulebook

LCH circular number: 4106
Date: August 05, 2020
To: All Clearing Members

Following the Rule Change Committee of LCH on 30 July 2020, LCH is proposing the following changes to the LCH rulebook, which are available on its secure website at https://secure-area.lchclearnet.com/secure_area/Default.asp under the folder “Rulebook.”

Member Notification 

Title Services Impacted
Euroclear Finland - Nordea replaced by Citibank EquityClear
SwapClear R3 – Product and Tenor Extensions SwapClear

 Two Weeks’ Member Consultation

Title Services Impacted
Clearstream Banking S.A. (Luxembourg) - New
Approved Settlement Platform
EquityClear
RepoClear Redenomination RepoClear

Four Weeks’ Member Consultation

Title Services Impacted
FCM Euro Cash Collateral - Investment FCM Rates and FCM ForexClear
Sponsored Clearing - Qualified Investor Alternative Investment Funds RepoClear

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