Jan. 9 (Bloomberg) -- LCH Clearnet SA, the French arm of Europe’s biggest clearinghouse, will lower the deposits it demands from clients to trade grain and rapeseed futures on NYSE Liffe in Paris after prices fell.
The margin for milling wheat futures will fall to 1,000 euros ($1,307) per contract from 1,150 euros, LCH.Clearnet wrote in a statement on its website yesterday.
Milling wheat futures have fallen 11 percent in the past two months in the French capital to 246.75 euros a metric ton, and yesterday dropped as low as 241.75 euros a ton, the lowest price for a most-active contract since July.
Margin requirements for corn will drop to 900 euros from 1,000 euros, the clearinghouse said. The deposit for rapeseed futures will fall to 1,250 euros from 1,400 euros per contract, while the margin for malting barley remains at 1,250 euros.
The changes will come into effect with the margin call on the morning of Jan. 11 for positions at tomorrow’s close, LCH.Clearnet wrote.
To contact the reporter on this story: Rudy Ruitenberg in Paris at firstname.lastname@example.org
To contact the editor responsible for this story: Claudia Carpenter at email@example.com