Federal Register #SR-LCH SA-2026-006

SEC Notice of Proposed Rule Change by LCH SA for CDS Clear Trade Registration Fund

This notice from the Securities and Exchange Commission (SEC) concerns a proposed regulatory change, not a procurement opportunity. - Government buyer: Securities and Exchange Commission (SEC) - OEM/vendor mentioned: LCH SA (self-regulatory organization) - Subject: Proposed rule change to CDS Clear Trade Registration Fund - Amends CDS Clearing Rules to introduce margin forbearance - Establishes a Trade Registration Fund (TRF) and credit tolerance - Allows trades to be registered and cleared even if sufficient collateral is not immediately available - Margin requirements to be satisfied at the next collateral call - No products, part numbers, or purchase quantities are requested - The notice is focused on regulatory changes and soliciting public comments, not procurement of goods or services

Description

This notice pertains to the filing of a proposed rule change by LCH SA, a self-regulatory organization, related to the CDS Clear Trade Registration Fund. The proposed rule change aims to amend the CDS Clearing Rules to introduce a form of margin forbearance to facilitate the registration of trades submitted by Clearing Members or their Clients to LCH SA for clearing. The rule change includes the introduction of a trade registration fund (TRF) facility and credit tolerance to allow clearing of trades in the absence of sufficient collateral, with the relevant margin requirements to be satisfied at the next collateral call. The Securities and Exchange Commission (SEC) is the agency involved and is soliciting comments on the proposed rule change.

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