October 07, 2022

LCH Limited (“LCH”) Rule Change Committee Meeting of 7 October 2022 - Proposed Changes to the LCH Rulebook

LCH circular number:  4230
Date: October 7, 2022
To: All Rates Service Clearing Members

Following LCH’s Rule Change Committee meeting on 7 October 2022, LCH is proposing the following rulebook changes, which are available in two separate places:

  1. The LCH secure website at https://secure-area.lchclearnet.com/secure_area/Default.asp under the folder “Rulebook”; and 
  2. The LCH portal at https://clearingservices.lch.com/portal/login; please look in the Document Library within the Knowledge Centre section of the portal under the folder “LCH – General Ltd – Member” and then the sub-folder “Rulebook”.

Rulebook Changes – Notification

Title
 Services Impacted
Item 139 - DKK OIS and SEK OIS (SwapClear) Rates

Rulebook Changes – Consultation - 2 Weeks

Title Services Impacted
Item 137 (amendment) - Increase of the minimum default fund contribution (LIR) Rates
Item 144 – FCM affiliates and FMX Rates

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.