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| Originating Department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 3055 |
| Service Circular No: | LCH.Clearnet EnClear 349 |
| Date: | 21 December 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 / 3005; LCH EnClear /348 dated 21st October 2011.
Changes have been made to EnClear contracts.
The margin review changes will take place with effect from close of business Wednesday 28th December and will be reflected in margin calls made on Thursday 29th December.
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