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Originating Department:Risk Management
Company Circular No:LCH.Clearnet Ltd Circular No 2978
Service Circular No:HKMEx No 004

13 September 2011

To:All LCH.Clearnet HKMEx Clearing Members

Margin Rate for HKMEx Contracts

  1. LCH.Clearnet Ltd has set the London SPAN parameters as marked in bold and italic on the attached document. This circular supersedes circular LCH.Clearnet / 2944; LCH.Clearnet HKMEx / 003 dated 17 August 2011.

  2. Changes have been made to HKMEx contracts.

  3. The margin review changes will take place with effect from close of business Thursday 15 September  and will be reflected in margin calls made on Friday 16 September.  

  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