Risk Management

LCH SA Risk Notices

Margin Parameters

RepoClear

Margin parameters for RepoClear
Description Link Notice number Publishing Date
Margin parameters for Transaction on Debt securities executed on Trading and Matching Platforms RepoClear - Margin parameters - English (PDF) Notice 2025 - 037 December 19, 2025

DigitalAssetClear

DigitalAssetClear margin parameters
Description Link Notice number Publishing Date
Margin parameters for the Transactions registered in the Digital Asset Derivatives Clearing System DigitalAssetClear - Margin parameters - English (PDF) Notice 2025 - 020 May 6, 2025

Margin Call Principle

DigitalAssetClear

DigitalAssetClear margin call principle
Description Link Notice number Publishing Date
Margin Calls principles related to Margins requirements and payment obligations on Digital Asset Derivatives Markets DigitalAssetClear - Margin call principle - English (PDF) Notice 2025 - 019 May 6, 2025

Variation Margin Methodology

RepoClear

RepoClear Variation Margin Methodology
Description Link Notice number Publishing Date
Variation Margin Methodology for Transaction on Debt securities executed on Trading and Matching Platforms
RepoClear - Variation margin methodology - English (PDF)
Notice 2024 - 001 May 16, 2024

Collateral Margin

Eligible Collateral and Applicable Haircut

Collateral margin - eligible collateral and applicable haircut for RepoClear, CDSClear, and DigitalAssetClear
Services Link Notice number Publishing Date
RepoClear

RepoClear - Collateral margin - English (PDF)

RepoClear - Collateral margin - French (PDF)

Notice 2025 - 030 June 30, 2025
CDSClear CDSClear - Collateral margin - English (PDF) Notice 2025 - 031 June 30, 2025
DigitalAssetClear DigitalAssetClear - Collateral margin - English (PDF) Notice 2025 - 032 June 30, 2025

Positions Limit

DigitalAssetClear

DigitalAssetClear positions limit
Description Link Notice number Publishing Date
Positions limits on digital asset derivative contracts DigitalAssetClear - Positions limit - English (PDF) Notice 2025 - 021 May 6, 2025

Default Fund

RepoClear Default Fund

RepoClear default fund
Description Link Notice number Publishing Date
The Fixed Income Default Fund RepoClear - Default fund - English (PDF) Notice 2025 - 027 December 19, 2025

DigitalAssetClear Default Fund

DigitalAssetClear Default Fund
Description Link Notice number Publishing Date
Digital Asset Derivatives Default Fund parameters for Transactions registered in the Digital Asset Derivatives Clearing System DigitalAssetClear - Default fund - English (PDF) Notice 2025 - 022 May 6, 2025