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| Originating Department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 3233 |
| Service Circular No: | LCH.Clearnet EnClear 372 |
| Date: | 29 November 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 spreadsheet below. This circular supersedes circular LCH.Clearnet / 3217; LCH EnClear /369 dated 31 October 2012.
Changes have been made to EnClear contracts.
The margin review changes will take place with effect from close of business Monday 3 December 2012 and will be reflected in margin calls made on Tuesday 4 December 2012.
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 +44 (0)20 7426 7520
Nicholas Lincoln
Director, Market Risk