LCH Raises Margin Charges on Some Italian Government Bonds
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LCH Clearnet Ltd., Europe’s biggest clearing house, raised the extra deposit it demands from clients to trade some Italian government bonds, a day after increasing charges for most Spanish bonds.
The margin needed for Italian securities due in seven years to 10 years will be increased to 9.5 percent from 8.3 percent, according to a statement on LCH Clearnet’s website today. The rate was boosted on all Italian debt due from two years through 15 years, the statement showed.