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Originating Department:Risk Management
Company Circular No:LCH.Clearnet Ltd Circular No 3017
Service Circular No:HKMEx No 006

28 October 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 in the spreadsheet below. This circular supersedes circular LCH.Clearnet / 2990; LCH HKMEx / 005 dated 28 September 2011.

  2. Changes have been made to HKMEx contracts.

  3. The margin review changes will take place with effect from close of business Wednesday 02 November 2011 and will be reflected in margin calls made on Thursday 03 November 2011.

  4. Details of the current London SPAN Parameters, for all HKMEx contracts, can be found on the LCH.Clearnet website (http://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