| LCH circular number: | 4380 |
| Date: | June 15, 2026 |
| To: | All LCH Ltd members |
Dear Clearing Member,
In line with LCH Circular 4227, LCH Ltd (LCH) confirms that the committee’s review has been completed. As a result, the following changes to cash collateral spreads have been made and will take effect from 1st July 2026:
- EUR LDR and EUR RDR to be reduced by 10bps from 38bps to 28bps
- USD LDR and USD RDR to be reduced by 5bps from 33bps to 28bps
- GBP LDR and GBP RDR to be reduced by 5bps from 28bps to 23bps
- CHF LDR to be reduced by 7bps from 37bps to 30bps
Full details are available in the fees section on the LCH website.
As a reminder, LCH may review rates applied to cash balances more frequently if required. In line with the updated Rulebook, LCH may change both CDR and LDR with 3 days’ written notice.
If you require any further information or have any questions, please contact:
Collateral Client Services
Collateral.ClientServices@lch.com