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| Originating Department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 2820 |
| Service Circular No: | LCH.Clearnet EnClear 332 |
| Date: | 29 March 2011 |
| 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 / 2812 ; LCH EnClear / 330 dated 17 March 2011.
Changes have been made due to the introduction of the following new contracts.
• UREA – Fob Egypt (UNE)The changes will take place with effect from close of business Friday 1 April and will be reflected in margin calls made on Monday 4 April.
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