LCH Raises Portuguese Debt Margin

LCH.Clearnet has amended the risk parameters for Portuguese government bonds cleared via the RepoClear service.

LCH.Clearnet has amended the risk parameters for Portuguese government bonds cleared via the RepoClear service. The additional margin required for positions of Portuguese government bonds has been raised to 25% from 15% for long positions. Short positions will pay a proportionately lower margin. LCH will continue to review yield spreads closely and keep the parameters under close watch in accordance with the Sovereign Credit Risk Framework.

Click here for the release from LCH.Clearnet.