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Originating department:Commercial Services
Company Circular No:LCH.Clearnet Ltd Circular No 2685
 Service Circular No:EquityClear Circular No 167
Date:21 September 2010
To:All EquityClear Clearing Members

Changes to EquityClear Tariff

Dear Member,

LCH.Clearnet Limited is pleased to announce that from 1 October 2010, it will be reducing the cost of clearing.

Where members exceed an average daily volume of over 50,000 trades a reduction in per unit cost will be achieved. Further, where a member’s average daily volume exceeds 150,000 all incremental trades will be cleared free of charge.

To review all EquityClear fees please use the following link:

http://www.lchclearnet.com/fees/ltd/transactions/equityclear.asp

Members requiring further information should contact Ian Mackenzie on 020 7426 7265 [email protected]

Yours sincerely

Wayne Eagle, Director, LCH.Clearnet EquityClear