| LCH circular number: | 4165 |
|---|---|
| Date: | August 4, 2021 |
| To: | All SwapClear Users |
Dear SwapClear User,
With effect from 9th August 2021, LCH will be changing the PAI and PAA rate in respect of SGD denominated SwapClear Contracts from SOR to SORA. In addition, from 9th August 2021, LCH will also be updating its discount curves to refer to SORA based instruments.
If you have any questions please contact: Rates Client Services: RatesClientServices@lch.com
This circular constitutes a Rates Change Notice pursuant to the Rulebook of LCH Limited.
Terms used herein and not defined herein shall have the meaning assigned in the Clearing House Rulebook. References to a “SwapClear Contract” and the “Rulebook” include an “FCM SwapClear Contract” and the “FCM Rulebook”