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| Originating Department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 3150 |
| Service Circular No: | HKMEx No 010 |
| Date: | 16 May 2012 |
| To: | All LCH.Clearnet HKMEx Clearing Members
|
Margin Rates Change for HKMEx Contracts
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 / 3133; LCH HKMEx / 009 dated 4 April 2012.
Changes have been made to HKMEx contracts.
The margin review changes will take place with effect from close of business Thursday 17 May 2012 and will be reflected in margin calls made on Friday 18 May 2012.
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 +44 (0)20 7426 7520
Nicholas Lincoln
Director, Market Risk