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Originating department:Commercial Services
Company Circular No:LCH.Clearnet Ltd Circular No 2592
Date:12 March 2010
To:All LCH.Clearnet Clearing Members

Acceptable Collateral Haircut Review

1. The LCH.Clearnet Ltd Risk Management department has undertaken a review of the haircuts applied to margin collateral.

2. Changes to the haircuts resulting from this review will be made effective from the close of business on Monday 22 March 2010.

3. This circular supersedes LCH.Clearnet Ltd Circular No 2393 dated 10 December 2008

4. Details of the LCH.Clearnet Ltd Acceptable Collateral list can be found on the LCH.Clearnet Ltd website (www.lchclearnet.com) by selecting ‘Risk Management’ and ‘LCH.Clearnet Limited’. Details can then be found under the ‘Collateral Management’ section.

5. Members seeking further information in relation to this Circular should contact one of the following:

LCH.Clearnet LtdTreasury Operations020 7426 7505
LCH.Clearnet LtdRisk Operations020 7426 7520


Christopher Jones 
Director and Head of Risk Management