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Company Circular No:

LCH.Clearnet Limited Circular No 3364

Service Circular No:

RepoClear No 208

Date:29 October 2013
To:All RepoClear Members

RepoClear Default Fund: Review of Cap Size

The cap size of the RepoClear default fund is periodically reviewed by the LCH.Clearnet Risk Committee and revised to the level that the LCH.Clearnet Risk Committee determines to be appropriate.

In accordance with the policy for determining the RepoClear default fund and cap size, we would like to advise RepoClear clearing members that the size of the cap has been increased from 750 million to 950 million.

Further Information

If you have any questions, or would like further information, please contact:

Nigel de Jong
Group Head of Fixed Income Client Management, Marketing & Sales
Tel: + 44 (0) 20 7426 7273
Email: nigel.dejong@lchclearnet.com