March 03, 2022

LCH Ltd (“LCH”) Rule Change Committee Meeting of 29 July 2021 and 10 February 2022 - Proposed Changes to the LCH Rulebook

LCH circular number:	4198
Date:	March 03, 2022
To:	All SwapClear Clearing Members of LCH Limited

Following LCH’s Rule Change Committee meeting of 29 July 2021 and 10 February 2022, LCH is proposing the following rulebook changes, which are available on its secure website at https://secure-area.lchclearnet.com/secure_area/Default.asp under the folder “Rulebook”.

Rulebook Changes – Member Notification

Title

Services Impacted

Item 101 – SwapClear New Products and Tenor Extensions

(Please note, this member notification relates only to the new product, overnight interest rate swap, fixed vs OIS NOK-NOWA-OIS Compound, with a tenor out to 16 years)

SwapClear

Item 123 – SwapClear R1 2022

SwapClear

Clearing members that wish to comment on the proposed rulebook changes should email rulebook@lch.com. If you have any general questions on rulebook changes, please contact your usual LCH contact. Please note that all rulebook changes remain subject to regulatory approval and internal LCH risk approval.