Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

LCH Seeks to ‘Give Margin Back’ on Irish Bonds Soon as Possible

LCH Clearnet Ltd. will reduce the extra margin it charges for Irish bond trading as yields fall, using the same criteria it applied when they rose, its head of fixed income said.

“Our tendency is to give margin back to people as soon as we reasonably can,” London-based John Burke said in a telephone interview yesterday. “On the way up, it was the fact that levels were sustained that we were checking. Likewise, in the reverse, it has to be sustained when it goes below the threshold on the way down, and it depends on how far below it has gone and the speed at which it got there.”

LCH increased the deposit it demands of clients for trading Irish bonds three times last month as yields soared to more than 600 basis points above the Bloomberg Fair Value benchmark of AAA euro-region sovereign debt. The yield spread narrowed to 543 basis points yesterday.

Clearing houses such as LCH guarantee investors’ trades are completed by standing in the middle of two counterparties, and raise margin requirements to protect themselves against losses should one side of the trade fail.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.