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Originating Department:Risk Management
Company Circular No:LCH.Clearnet Ltd Circular No 2944
Service Circular No:HKMEx No 003

17 August 2011

To:All LCH.Clearnet HKMEx Clearing Members

Margin Rates Change for HKMEx Contracts

  1. LCH.Clearnet Ltd has set the London SPAN parameters as marked in bold and italic on the document below. This circular supersedes circular LCH.Clearnet / 2895; LCH.Clearnet HKMEx / 002 dated 19 July 2011.

  2. Changes have been made to HKMEx contracts.

  3. The margin review changes will take place with effect from close of business Monday 22 August 2011 and will be reflected in margin calls made on Tuesday 23 August 2011.

  4. 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.

  5. For further information please contact the following:

Risk Operations 020 7426 7520



Nicholas Lincoln
Director, Market Risk

HKMEx Margin Rate Spreadsheet