LCH.Clearnet cuts margin requirement on Irish bonds

LONDON, Dec 6 (BestGrowthStock) – European clearing house
LCH.Clearnet reduced on Monday the margin requirement on Irish
government bonds to 30 percent from 45 percent of net positions
of its margin rate.

The move reverses the increase on Nov. 25 and comes as a
result of the spreads of Irish 10-year government bonds
(IE10YT=TWEB: ) over benchmark German Bunds (DE10YT=TWEB: )
narrowing recently.
(Reporting by Nigel Stephenson and Dominic Lau)

LCH.Clearnet cuts margin requirement on Irish bonds