Search Results for keywords:"LCH SA"

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Search Results: keywords:"LCH SA"

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  • 2021-00348 — Self-Regulatory Organizations; LCH SA; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to the Amendments of the CDSClear Fee Grid
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    Type:Notice
    Citation:86 FR 2468
    Reading Time:about 16 minutes

    The Securities and Exchange Commission (SEC) announced that LCH SA, a clearing agency, has proposed changes to its CDSClear fee grid for commercial air conditioning and heating equipment. The adjustments include increasing the annual fixed fee for General Members and altering fees for both General and Select Members under different conditions. Additionally, LCH SA introduces new fee structures for Options clearing services, aiming to make options clearing more attractive and equitable for all parties involved. The SEC invites comments from the public on these proposed changes.

    Simple Explanation

    LCH SA is changing the fees they charge for helping companies buy and sell special kinds of insurance on loans, like changing the price of tickets for a ride, and they're making some new rules to make it fairer for everyone. The SEC is asking people what they think about these changes.

  • 2025-05203 — Self-Regulatory Organizations; LCH SA; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to Cash Spreads and Fees on Securities Collateral
    Type:Notice
    Citation:90 FR 13914
    Reading Time:about 9 minutes

    The Securities and Exchange Commission published a notice regarding a rule change proposed by LCH SA to adjust fees for cash and securities collateral in its CDSClear clearing services. Effective April 1, 2025, subject to regulatory approval, LCH SA plans to decrease the cash collateral spread for the euro (EUR) and reduce fees for USD treasuries posted by clients, aiming to promote competition and improve liquidity. LCH SA asserts the changes are consistent with existing regulations and do not impose unnecessary burdens on competition. The Commission invites public comments on whether the rule change meets the requirements of the Securities Exchange Act.

    Simple Explanation

    LCH SA wants to make it cheaper to use some types of cash and government money (like U.S. dollars) when buying and selling things through their special service. They believe this will help more people join in and trade things more easily.

  • 2024-28547 — Self-Regulatory Organizations; LCH SA; Notice of Filing of Proposed Rule Change Relating to Dealer Status
    Type:Notice
    Citation:89 FR 97142
    Reading Time:about 36 minutes

    The document from the Securities and Exchange Commission (SEC) explains a proposed rule change by Banque Centrale de Compensation, known as LCH SA, regarding "Dealer Status." LCH SA wants to let affiliates of its Clearing Members, called CDS Dealers, submit transactions for clearing without needing to be Clearing Members themselves. This change aims to make clearing operations more efficient and reduce costs. The SEC is seeking public comments on this proposal.

    Simple Explanation

    Imagine a big group of people who work together to make sure money and trades are done safely. There's one group that wants to let their friends help with trades without needing special permission. This change might make things faster and cheaper, and now they want to know what everyone else thinks about the idea.

  • 2025-01297 — Self-Regulatory Organizations; LCH SA; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to the CDSClear Fee Grid for 2025
    Type:Notice
    Citation:90 FR 7228
    Reading Time:about 3 minutes

    The Securities and Exchange Commission (SEC) has announced that LCH SA, a clearing agency, has proposed a change to its CDSClear fee grid for 2025. This proposal was filed on January 8, 2025, and is set to take effect immediately. The change aims to update the fee structure related to the CDSClear business and its clearing services. The SEC is inviting the public to comment on this proposal until February 11, 2025, by submitting their thoughts online or via mail.

    Simple Explanation

    The SEC is letting people know that a company called LCH SA wants to change how much it charges for a special kind of business in 2025, and they want people to share their thoughts about it online or by mail before February 11, 2025.

  • 2025-01546 — Self-Regulatory Organizations; LCH SA; Order Granting Approval of Proposed Rule Change by LCH SA Relating to Dealer Status
    Type:Notice
    Citation:90 FR 8060
    Reading Time:about 18 minutes

    The Securities and Exchange Commission (SEC) has approved a proposed rule change by LCH SA to amend its CDS Clearing Rule Book and Procedures. This change allows affiliates of Clearing Members to become CDS Dealers, enabling them to submit transactions on behalf of their affiliated Clearing Members. The rule aims to expand trading options for Clearing Members and streamline the clearing process by reducing the need for separate client onboarding for affiliate trades. It establishes clear criteria and a formal application process for affiliates seeking CDS Dealer status to ensure they meet necessary qualifications.

    Simple Explanation

    The SEC has agreed to let LCH SA allow special family members (called affiliates) of their main playing members (Clearing Members) to also play in the game of swapping something valuable (CDS). This makes it easier and faster for them to team up and play, without each new player needing a long sign-up process.