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Originating Department:Risk Management
Company Circular No:LCH.Clearnet Ltd Circular No 2712
Service Circular No:LCH.Clearnet EnClear 310
Date:03 November 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 / 2699; LCH EnClear / 307 dated 12 October 2010.
 
2. Changes have been made to the Scanning ranges, Inter-month spread charges and Inter-commodity credits.  Changes have also been made due to the introduction of the following new contract:

• $ per Tonne Tanker Voyage Route TD5 (DD5)

3. The changes will take place with effect from close of business Monday 8 November 2010 and will be reflected in margin calls made on Tuesday 9 November 2010.
 
4. 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.

5. For further information please contact the following:

Risk Operations 020 7426 7520

 

Christopher Jones
Director and Head of Risk Management

EnClear Margin Rate Spreadsheet