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| Originating department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 3349 |
| Service Circular No: | EquityClear/London Stock Exchange Derivatives 244 |
| Date: | 03 October 2013 |
| To: | All EquityClear/London Stock Exchange Derivatives Market Members |
London Stock Exchange Derivatives Market Margin Rate Change
LCH.Clearnet Ltd has, after consultation with London Stock Exchange Derivatives Market, revised the London SPAN parameters as marked in bold and italic on the attached document.
A New London Stock Exchange Derivatives Market Index contract has been added and changes have been made to the Index contracts.
The changes will be going live on Monday 7 October 2013 and will be reflected in margin calls on Tuesday 8 October 2013.
This circular supersedes circular number LCH.Clearnet Ltd. 3329; Turquoise Derivatives/ EquityClear 241 dated 12 July 2013.
Details of the current SPAN Parameters, for all London Stock Exchange Derivatives contracts, can be found on the LCH.Clearnet website (www.lchclearnet.com) under Risk Management > Ltd > Margin rate circulars.
London Stock Exchange Derivatives Margin Rate Change Spreadsheet
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