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Questionnaire for CDS CCPs on Protection of Customer Initial Margin - page 12 / 32

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iii. Whether investment of CCP Margin in interest-bearing instruments or vehicles (e.g., overnight sweeps into repos) is permitted or required, and if so, in what types of instruments or vehicles; and

N/A

1. Who obtains the economic benefit of investment of CCP Margin in permitted instruments? Who bears the risk of loss?

N/A

2. How does the above response differ as between Required Margin and CCP Excess Margin posted to the CCP?

N/A

iv. How the risk of the custodian’s insolvency is allocated among the CCP, the CMs and the customers (as a group and individually).

N/A

Transfer of CCP Margin from CMs to the CCP

5. If CCP Margin will be deposited by customers at their respective CMs, and subsequently transferred to the CCP, please address the following (distinguishing between various categories of CCP Margin (e.g., Required Margin, CCP Excess Margin, Dealer Excess Margin, etc.) and types of CCP Margin (e.g., securities or cash) to the extent relevant):

LCH.C only deals with CMs as principal and is not party to CM/customer arrangements.

a. How long will it typically take for a CM to transfer CCP Margin posted by customers to the CCP?

LCH.C only deals with CMs as principal and is not party to CM/customer arrangements.

b. In the intervening period, where at a CM will the CCP Margin be held?

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