November 08, 2023

LCH Limited (“LCH”) Rule Change Committee Meeting on 7 November 2023 - Proposed Changes to the Rulebook

LCH circular number: 4278
Date: November 08, 2023
To: All LCH Limited Clearing Members

Following LCH’s Rule Change Committee meeting on 7 November 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 171 – Variable elements of a swap            SwapClear
Item 172 – Updates to SSI details            EquityClear
 Item 175 – EquityClear interoperability             EquityClear
Item 176 – Registration Time             All service
Item 178 – Net Capital Requirements Listed Interest Rates,ForexClear
Rulebook Changes - Consultation - 2 weeks
Title       Services Impacted
Item 173 – Take back Collateral              All services
Item 174 – E account             All FCM services

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.