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| Originating Department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 2915 |
| Service Circular No: | HKMEx No 002 |
| Date: | 19 July 2011 |
| To: | All LCH.Clearnet HKMEx Clearing Members
|
Margin Rate for Launch of HKMEx Silver Contract
LCH.Clearnet Ltd has set the London SPAN parameters as marked in bold and italic on the attached document for the USD Silver contract. This circular supersedes circular LCH.Clearnet / 2861; LCH.Clearnet HKMEx / 001 dated 16 May 2011.
The new contract will be going live and will be reflected in margin calls on Friday 22 July 2011.
Details of the current London SPAN Parameters, for all HKMEx 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