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| Originating department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 2754 |
| Service Circular No: | EquityClear/EDX 174 |
| Date: | 30 December 2010 |
| To: | All EquityClear/EDX London Members |
EDX Margin Rate Changes
1. LCH.Clearnet Ltd has, after consultation with EDX London, revised the London SPAN parameters as marked in bold and italic on the attached document.
2. Changes have been made to Index contracts.
3. The changes will be going live on Tuesday 4 January 2011 and will be reflected in margin calls on Wednesday 5 January 2011.
4. This circular supersedes circular number LCH.Clearnet Ltd/ 2722 : EDX/ EquityClear 173 dated 22 November 2010.
5. Details of the current SPAN Parameters, for all EDX contracts, can be found on the LCH.Clearnet website (www.lchclearnet.com) under Risk Management > Ltd > Margin rate circulars.
6. Members seeking further information in relation to this circular should contact the following:
| LCH.Clearnet Ltd | Risk Operations | 020 7426 7520 |
Christopher Jones
Director and Head of Risk Management