February 16, 2023

LCH Ltd (“LCH”) Rule Change Committee of 6 February 2023 - Proposed Changes to the LCH Rulebook

LCH Circular number: 4250
Date: February 16, 2023
To: All LCH Limited Clearing Members

Following LCH’s Rule Change Committee meeting on 6 February 2023, LCH is proposing the following rulebook changes, which are available on 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 150 - Japanese licence restrictions ForexClear, SwapClear

Rulebook changes – 2 weeks

Title Services Impacted

Item 149 – Confidentiality obligations of a potential transferee

Item 151 – Porting window and GOSAs

Item 153 – SCM client default process

All services

All services

SwapClear

Rulebook changes – 4 weeks

Title Services Impacted
Item 154 – USD LIBOR conversion SwapClear

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.