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Company Circular No:

LCH.Clearnet Limited Circular No 3381

Service Circular N0:NLX Circular No 1
Date:28 November 2013
To:All NLX Clearing members

Margin Parameter Update

Recalibration of NLX margin parameters

In order to ensure LCH.Clearnet Ltd compliance with EMIR RTS Article 28, a recalibration of the NLX margin parameters will take effect from the margin call of the morning of 16th December 2013. The effect of the parameter change will increase initial margins by up to 25%.

Should you have any questions please contact Risk Operations at [email protected]