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| Originating Department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 2916 |
| Service Circular No: | LME 443 |
| Date: | 26 July 2011 |
| To: | All LME Clearing Members |
LME Margin Rate Changes
LCH.Clearnet Ltd has, after consultation with LME, set the London SPAN margin parameters marked in bold and italic on the attached document.
The changes will be made effective from the close of business on Thursday 28 July 2011 and will be reflected in margin calls on Friday 29 July 2011.
This circular supersedes circular No: LCH.Clearnet Ltd Circular No 2882; LME/441 dated 02 June 2011.
Details of margin rates are available on the LCH.Clearnet website (www.lchclearnet.com) under Risk Management > Ltd > Margin rate circulars.
Please click on the LME Margin Rate Spreadsheet for the revised SPAN parameters marked in bold and italic.
For further information please contact: Risk Operations 020 7426 7520
Christopher Jones
Executive Director, and Head of Risk Management