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| Originating Department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No. 2780 |
| Service Circular No: | NYSE Liffe No. 769 |
| Date: | 14 February 2011 |
| To: | All NYSE Liffe Clearing Members |
NYSE Liffe Margin Rate Changes
LCH.Clearnet Ltd has, after consultation with NYSE Liffe, revised the London SPAN parameters as marked in bold and italic on the attached document.
New Liffe Equities have been introduced.
The new contracts will be going live on Wednesday 16 February 2011 and this will be reflected in margin calls on Thursday 17 February 2011.
This circular supersedes circular number LCH.Clearnet Ltd. 2775; LIFFE/ 768 dated 04 February 2011.
Details of the current London SPAN Parameters, for all NYSE Liffe contracts, can be found on the LCH.Clearnet website (www.lchclearnet.com) under Risk Management > Ltd > Margin rate circulars.
Members seeking further information in relation to this Circular should contact one of the following:
| LCH.Clearnet Ltd | Risk Operations | 020 7426 7520 |
| NYSE Liffe | NYSE Liffe Clearing | 020 7379 2824 |
Christopher Jones
Director and Head of Risk Management