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| Originating department: | Commercial Services |
| Company Circular No: | LCH.Clearnet Ltd Circular No 2923 |
| Service Circular No: | LCH EnClear No 344 |
| Date: | 29 July 2011 |
| To: | All LCH.Clearnet EnClear Members |
Extension of clearing for P2A and P3A Freight routes, settling against average all index days
LCH.Clearnet is pleased to announce that in response to market demand, we will be introducing contracts for the P2A and P3A routes, settling against an average of all index days, in addition to our existing contracts settling against last 7 index days. The P1A route already settles against both all index days and last 7 index days.
Additionally, all 6 contracts will be listed out to 3 whole calendar years (incl Cal 14).
P3A settled against all index days will launch Monday 1 August.
P2A settled against all index days will launch Thursday 4 August.
In summary and effective Monday 1 August:
| Route | Last 7 Days Contract Code | All Index Days Contract Code | Contract Series |
| P1A | P1A | P1E | Out to 3 whole Cals |
| P2A | P2A | P2E* | Out to 3 whole Cals* |
| P3A | P3A | P3E | Out to 3 whole Cals |
Full contract specifications are available on our website at: http://www.lchclearnet.com/freight/ffas/products.asp
If you have any questions, please do not hesitate to contact Isabella Kurek-Smith on +44 20 7426 7460 or [email protected] or Holly Shaw on +44 20 7426 7027 or [email protected]
Isabella Kurek-Smith
Director, Head of Energy and Freight Markets
Commercial Services