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| Originating Department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 2917 |
| Service Circular No: | LCH.Clearnet EnClear 343 |
| Date: | 26 July 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 in the document below. This circular supersedes circular LCH.Clearnet / 2893; LCH EnClear / 340 dated 29 June 2011.
Changes have been made to EnClear contracts.
The margin review changes will take place with effect from close of business Friday 29 July 2011 and will be reflected in margin calls made on Monday 01 August 2011.
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