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| Originating department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 3204 |
| Service Circular No: | EquityClear/Turquoise Derivatives 225 |
| Date: | 05 October 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 in the Spreadsheet below.
Changes have been made to Turquoise Derivatives Equity Index contracts.
The changes will be going live on Wednesday 10 October 2012 and will be reflected in margin calls on Thursday 11 October 2012.
This circular supersedes circular number LCH.Clearnet Ltd. 3181; Turquoise Derivatives/ EquityClear 224 dated 01 August 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
Nicholas Lincoln
Director, Market Risk