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| Company Circular No: | LCH.Clearnet Ltd Circular No 3215 |
| Service Circular No: | LCH EnClear No 358 |
| Date: | 25 October 2012 |
| To: | All LCH.Clearnet EnClear Clearing Members |
Change to minimum trade size for LCH EnClear Coal Options
In response to market requests, LCH.Clearnet will be reducing the minimum trade size for API 2 and API 4 Coal Options from 5 lots to 1 lot. The change will be implemented with effect from Monday 29 October 2012.
Members should be aware that even though 5 lot clips have been traded up to this point, Members may now be assigned in 1 lot clips upon option expiry on a pro rata basis.
The full contract specifications can be found at http://www.lchclearnet.com/commodities/coal/products.asp
If you have any questions relating to this circular, please do not hesitate to contact Isabella Kurek-Smith on +44 20 7426 7460 or [email protected].
Isabella Kurek-Smith
Director, Head of Energy and Freight Markets