LCH.Clearnet, a European clearinghouse, has been increasing the margin requirement on Ireland's sovereign debt as Irish yields over German debt and other triple-A benchmarks rise. "LCH.Clearnet ... has revised the risk parameters for Irish government bonds cleared through the RepoClear service," according to the clearinghouse. "The total margin required for positions of Irish government bonds will consequently be 30% of net positions." However, John Burke, head of fixed income at LCH.Clearnet, said there is no need to increase the margin requirement on Portuguese debt.
Published in Brief: