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| Originating Department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 3440 |
| Service Circular No: | LCH.Clearnet EnClear 397 |
| Date: | 7 March 2014 |
| 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 / 3414; LCH EnClear /396 dated 29th January 2014.
Changes have been made to EnClear Contracts.
The margin review changes will take place with effect from close of business Thursday 13th March and will be reflected in margin calls made on Friday 14th March.
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:
Operations and Client Servicing +44 (0)20 7426 7520
Nicholas Lincoln
Director, Market Risk