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Originating Department:Risk Management
Company Circular No:LCH.Clearnet Ltd Circular No 3458
Service Circular No:LCH.Clearnet EnClear 399
Date:9 April 2014
To:All LCH.Clearnet EnClear Clearing Members

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 / 3440; LCH EnClear /397 dated 7th March 2014.

  2. Changes have been made to EnClear Contracts.

  3. The margin review changes will take place with effect from close of business Wednesday 16th April and will be reflected in margin calls made on Thursday 17th April.

  4. EnClear Margin Rate Spreadsheet 

  5. 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.

  6. For further information please contact the following:

Operations and Client Servicing +44 (0)20 7426 7520


Nicholas Lincoln
Director, Market Risk