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LCH Clearnet Cuts Margins for Trading Some Spanish, French Bonds

Feb. 1 (Bloomberg) -- LCH Clearnet Ltd., Europe’s biggest clearing house, reduced the extra deposit it demands from clients to trade some Spanish and French 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 drop to 16 percent from 18.35 percent as of the close of business on Feb. 5, according to the statement.

For French debt, charges will decline for all maturities except securities maturing from zero to one month and 15 to 30 years, LCH said.

No changes were made to margins for trading Italian debt, according to the statement.

Link to Company News:{214587Z LN <Equity> CN <GO>}

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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