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| Originating Department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 2879 |
| Service Circular No: | LCH.Clearnet EnClear 336 |
| Date: | 31 May 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 / 2838; LCH EnClear / 334 dated 20 April 2011.
Changes have been made to EnClear contracts.
The margin review changes will take place with effect from close of business Monday 6 June and will be reflected in margin calls made on Tuesday 7 June.
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
Executive Director and Head of Risk Management