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| Originating Department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 2606 |
| Service Circular No: | LCH EnClear 283 |
| Date: | 23 March 2010 |
| To: | All LCH EnClear Clearing Members |
MARGIN RATE CHANGES FOR ENCLEAR CONTRACTS
LCH.Clearnet Ltd has revised the London SPAN parameters as marked in bold and italic on the attached document. This circular supersedes circular LCH.Clearnet / 2588; LCH EnClear / 279 dated 23 February 2010.
Changes have been made to the Scanning ranges, Volatility ranges, Inter-month spread charges and Inter-commodity credits.
The changes will take place with effect from close of business Friday 26 March 2010 and will be reflected in margin calls made on Monday 29 March 2010.
Details of the current London SPAN Parameters, for all EnClear contracts, 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
Christopher Jones
Director, and Head of Risk Management