Bloomberg News

LCH Reduces Extra Margin Requirement for Irish Government Bonds

February 22, 2012

Feb. 22 (Bloomberg) -- LCH Clearnet Ltd., Europe’s largest clearing house, reduced the extra deposit it demands from clients to trade Irish bonds to 15 percent from 25 percent after 10-year yields fell relative to a AAA benchmark.

The revised fees will be reflected in a margin call on Feb. 24, LCH said today in a statement on its website.

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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