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| Originating department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 3140 |
| Service Circular No: | EquityClear/Turquoise Derivatives 218 |
| Date: | 18 April 2012 |
| To: | All EquityClear/Turquoise Derivatives Members |
Turquoise Derivatives Margin Rate Change
LCH.Clearnet Ltd has, after consultation with Turquoise Derivatives, revised the London SPAN parameters as marked in bold and italic on the attached document.
Changes have been made to Turquoise Derivatives Indices contracts.
The changes will be going live on Monday 23 April 2012 and will be reflected in margin calls on Tuesday 24 April 2012.
This circular supersedes circular LCH.Clearnet Ltd. 3135; Turquoise Derivatives/ EquityClear 216 dated 12 April 2012.
Details of the current SPAN Parameters, for all Turquoise contracts, can be found on the LCH.Clearnet website (www.lchclearnet.com) under Risk Management > Ltd > Margin rate circulars.
Members seeking further information in relation to this circular should contact the following:
LCH.Clearnet Ltd Risk Operations +44 (0)20 7426 7520
Christopher Jones
Executive Director and Head of Risk Management