LCH Raises Portugal Bond Margin Fees

LCH.Clearnet has increased the margin requirement on Portuguese government bonds by an additional 15%.

LCH.Clearnet has increased the margin requirement on Portuguese government bonds by an additional 15%. The extra margin requirement will be for long positions in Portuguese sovereign debt, adjusted for the current bond price.

Short positions will pay a proportionately lesser margin. The additional margin will be reflected in a margin call/repayment from April 8, 2011.

Click here for the release from LCH.Clearnet.