Initial margin requirements may be met in cash in multiple currencies or via multiple types of securities.
Below is a general summary per service (refer to above links for official details).
|SwapClear Global Service (LCH Ltd. incorporated in U.K.)|
|SwapClear Members||Futures Commission Merchants (FCMs)|
|US dollars||US dollars|
Acceptable Securities (Acceptable issues will be maintained using ISIN lists.)
|SwapClear Global Service|
|Sovereign and government-guaranteed debt of Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Italy, Japan, Luxembourg, the Netherlands, Norway, Spain, Sweden and the UK. KfW bonds also accepted.|
|US dollar-denominated securities comprising all US Treasury securities (except strips) and debentures issued by FNMA, FHLMC and FHLB.|
|Mortgage-backed securities issued by GNMA.|