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| Originating Department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 2963 |
| Service Circular No: | LCH.Clearnet EnClear 346 |
| Date: | 30 August 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 / 2917; LCH EnClear / 343 dated 26 July 2011.
Changes have been made to EnClear contracts.
The margin review changes will take place with effect from close of business Thursday 1 September and will be reflected in margin calls made on Friday 2 September.
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
Nicholas Lincoln
Director, Market Risk