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Originating Department:Risk Management
Company Circular No:LCH.Clearnet Ltd Circular No 3241
Service Circular No:LCH.Clearnet EnClear 374
Date:28 December 2012
To:All LCH.Clearnet EnClear Clearing Members


Margin Rate Changes for EnClear Contracts

  1. 1. LCH.Clearnet Ltd has revised the London SPAN parameters as marked in bold and italic on the attached document. This circular supersedes circular LCH.Clearnet / 3233; LCH EnClear /372 dated 28th November 2012.

  2. Changes have been made to EnClear contracts.

  3. The margin review changes will take place with effect from close of business Monday 31 December 2012 and will be reflected in margin calls made on Wednesday 2 January 2013.

  4. EnClear Margin Rate Spreadsheet 

  5. Details of the current London SPAN Parameters, for all EnClear contracts, can be found on the LCH.Clearnet website (www.lchclearnet.com) under Risk Management > Ltd > Margin rate circulars.

  6. For further information please contact the following:

Risk Operations +44 (0)20 7426 7520

 

Nicholas Lincoln
Director, Market Risk