LCH Hikes Italian Bond Margins
And just like yesterday, when LCH hiked Spanish bond margins in the whole Guardian disinformation fiasco, so LCH tries to sneak one in today again, this time hiking margins on Italian bonds with a 2-15 year maturity.
LCH.Clearnet SA has revised the parameters applied to transactions on Debt Securities executed on Trading and Matching Platforms.
These changes shall come into effect from the close of business on 21st June 2012 and will be reflected in the margin calls on 22nd June 2012.
The parameters changed appear in bold in the following tables.
The latest Italian bond margins:
This is where Italian margins were most recently: