LCH Raises Extra Deposit Charges for Some Italian, Spanish Bonds

LCH Clearnet Ltd., Europe’s biggest clearing house, raised the extra deposit it demands from clients to trade some Spanish and Italian government bonds, it said today in a statement on its website.

The margin for trading Spain’s securities maturing in 10 to 15 years will increase to 18.35 percent from 16 percent as of tomorrow’s close, according to the statement. Increases will also be applied to the nation’s bonds that mature in between 0.75 years and 3.25 years, LCH said.

For Italian debt, charges will increase for bonds due in 3.25 years to 7 years, LCH said.

To contact the reporter on this story: Paul Dobson in London at pdobson2@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net

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