London Clearing House (LCH) is planning to introduce
intra-day margining for futures and options early next
The clearinghouse will implement a new system, called Idris,
making it possible to recalculate the margin requirements for
its member firms at any given moment. In practice, this will
mean a daily margin call at 1pm in addition to the end of day
LCH's Chris Jones told FO Week the new system would
come online in the first quarter next year, perhaps as early as
the end of January.
He said the move ought to give members "additional comfort
in LCH's risk protection".
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