Margin Rate Changes for EnClear Contracts

1. 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 / 3087; LCH EnClear /352 dated 22 February 2012.

2. Introduction of the following new container routes:
   

• Container Route Los Angeles – Shanghai (WLS)

• Container Route Rotterdam – Shanghai (WRS)

1. The changes will take place with effect from close of business Monday 5 March and will be reflected in margin calls made on Tuesday 6 March .

2. 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.

3. For further information please contact the following:
   
   

Risk Operations 020 7426 7520