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| Originating Department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 3087 |
| Service Circular No: | LCH.Clearnet EnClear 352 |
| Date: | 22 February 2012 |
| 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 / 3057; LCH EnClear /350 dated 6 January 2012.
Changes have been made to EnClear contracts.
The margin review changes will take place with effect from close of business Friday 24 February and will be reflected in margin calls made on Monday 27 February.
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