| LCH circular number: | 4391 |
| Date: | August 24, 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 September 2026:
GBP LDR and GBP RDR: reduced by 3 bps, from 23 bps to 20 bps
EUR LDR and EUR RDR: reduced by 3 bps, from 28 bps to 25 bps
EUR CDR and EUR FCM LDR: reduced by 3 bps, from 36 bps to 33 bps
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