Bloomberg News

LCH Reduces Extra Deposit for French, Spanish Government Bonds

October 10, 2011

Oct. 10 (Bloomberg) -- LCH Clearnet Ltd., Europe’s largest clearing house, reduced the extra deposit it demands from clients to trade French and Spanish government bonds and kept the charge for Italian securities unchanged.

The so-called deposit factor charged for French bonds due in seven-to-10 years will be 4.6 percent, compared with 8.53 percent for similar-maturity Spanish bonds and 6.65 percent for Italian securities, LCH said in a statement on its website on Oct. 7.

To contact the reporter on this story: Paul Dobson in London at pdobson2@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net


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