Bloomberg News

LCH Has No Plan to Raise Bond Margins for any Market After Italy

November 09, 2011

Nov. 9 (Bloomberg) -- LCH Clearnet Ltd. said it has no plans to increase the margins it charges for bond trading in other markets after raising the deposit rate for Italian government debt securities.

“Currently, we have no plans to take any action on Spain or any other market,” John Burke, head of fixed income at LCH in London, said today in a telephone interview. “We will continue to monitor all markets closely.”

For Italy, “LCH increased our margin because we’ve seen more volatility and less liqudity,” Burke said. “Liquidity is the key isssue.”

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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