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| Originating Department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 2945 |
| Service Circular No: | LCH.Clearnet OTC Precious Metals No 003 |
| Date: | 17 August 2011 |
| To: | All LCH.Clearnet EnClear Clearing Members
(Precious Metals Division) |
Margin Rates for OTC Gold
LCH.Clearnet Ltd has set the London SPAN parameters as marked in bold and italic in the document below. This circular supersedes circular LCH.Clearnet / 2945; LCH Gold Bullion / 003 dated 13th May 2011.
Changes have been made to OTC Gold Bullion contract.
The margin review changes will take place with effect from close of business Monday 22 August 2011 and will be reflected in margin calls made on Tuesday 23 August 2011.
Details of the current London SPAN Parameters, for the OTC Gold Bullion contract, can be found on the LCH.Clearnet website (www.lchclearnet.com) under Risk Management > Ltd > Margin rate circulars.
- For further information please contact the following:
Risk Operations 020 7426 7520
Nicholas Lincoln
Director, Market Risk