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| Originating Department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 2717 |
| Service Circular No: | LCH.Clearnet EnClear 313 |
| Date: | 10 November 2010 |
| To: | All LCH.Clearnet 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 / 2712; LCH EnClear / 310 dated 03 November 2010.
Changes have been made due to the introduction of new Inter – commodity credits on Coal AA2 and AA4 contracts. There has also been a change to the Scanning range and Intermonth Spread charges on the TD3 contract as well as Intermonth tier charges on a number of other contracts all marked bold and italic on the attached document.
The changes will take place with effect from close of business Thursday 11 November 2010 and will be reflected in margin calls made on Friday 12 November 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