August 29, 2012
Negative Interest on IM Cash at LCH
Did anyone else notice this? I assume this means that posting bonds would be preferable, otherwise you will have an additional amount of cash to fund.
The note also says the LCH pricing structure for cash and non-cash collateral is being reviewed.
LCH.Clearnet Group – Member Notices – Circulars – 2012-07-31 Changes to interest structure of margin collateral in LCH.Clearnet Limited.
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