April 21, 2023

LCH Ltd (“LCH”) Rule Change Committee Meetings on 30 June 2022 and 18 April 2023 - Proposed Changes to the Rulebook

LCH circular number: 4261
Date: April 21, 2023
To: All LCH Limited Clearing Members

Following LCH’s Rule Change Committee meetings on 30 June 2022 and 18 April 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 137 -  Change to the minimum default fund contribution
of members of the Listed Interest Rates Service

Item 156 -  USD LIBOR conversion (ForexClear)

Listed Interest Rates
 

ForexClear

Rulebook changes – Consultation – 2 weeks

Title Services Impacted
Item 133 - SwapClear 24x5 SwapClear and ForexClear

Rulebook changes – Consultation – 4 weeks

Title Services  Impacted
Item 158 - THB and SGD 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.