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Originating Department:Risk Management
Company Circular No:LCH.Clearnet Ltd Circular No 3188
Service Circular No:HKMEx No 011

22 August 2012

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 / 3150; LCH HKMEx / 010 dated 16 May 2012.

  2. Changes have been made to HKMEx contracts.

  3. The margin review changes will take place with effect from close of business Monday 27 August 2012 and will be reflected in margin calls made on Tuesday 28 August 2012.

  4. HKMEx Margin Rate Spreadsheet

  5. 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.

  6. For further information please contact the following:

Risk Operations +44 (0)20 7426 7520


Nicholas Lincoln
Director, Market Risk