LCH UK units experience diverging IM requirements

EquityClear and RepoClear drop by half while SwapClear hits record high

Required initial margin (IM) shifted substantially and in opposite directions at LCH’s four UK-based clearing services in the fourth quarter.

On one end of the spectrum, interest rate swaps unit SwapClear’s IM rose 12.8% compared with the previous three months, landing at a record high of £188.9 billion ($241.7 billion). ForexClear experienced a larger increase proportionally, of 31.2% to $8.7 billion.

!function(e,n,i,s){var d="InfogramEmbeds";var o=e.getElementsByTagName(n)[0];if(window[d]&

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here