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| Originating Department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 2660 |
| Service Circular No: | LCH.Clearnet EnClear 295 |
| Date: | 29 July 2010 |
| To: | All LCH.Clearnet EnClear Clearing Members |
MARGIN RATE CHANGES FOR ENCLEAR CONTRACTS
1. 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 / 2651; LCH.Clearnet EnClear / 294 dated 08 July 2010.
2. The changes will take place with effect from close of business Thursday 5 August 2010 and will be reflected in margin calls made on Friday 6 August 2010.
3. 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.
4. For further information please contact the following:
Risk Operations 020 7426 7520
Christopher Jones
Director, and Head of Risk Management