Bloomberg News

LCH Clearnet Lifts Margin Charges for Paris-Traded Grain Futures

July 18, 2012

LCH Clearnet SA, the French arm of Europe’s biggest clearing house, raised the deposits it demands from clients to trade grain and oilseed futures on NYSE Liffe in Paris.

The margin for milling wheat futures will climb to 950 euros ($1,166) from 800 euros, LCH Clearnet wrote in a statement on its website yesterday.

Margin requirements will rise to 1,400 euros from 1,150 euros for rapeseed, to 700 euros from 625 euros for corn and to 1,500 euros from 1,400 euros for malting barley, the clearing house said.

The changes will come into effect with the margin call tomorrow morning for positions at today’s close, LCH Clearnet wrote.

To contact the reporter on this story: Rudy Ruitenberg in Paris at rruitenberg@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net


The Good Business Issue
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus