Originating Department: | Risk Management |
Company Circular No: | LCH.Clearnet Ltd Circular No 2719 |
Service Circular No: | LME 431 |
Date: | 11 November 2010 |
To: | All LME Clearing Members |
LCH.Clearnet Ltd has, after consultation with LME, set the London SPAN margin parameters marked in bold and italic on the attached document.
The changes will be made effective from the close of business on Tuesday 16 November 2010 and will be reflected in margin calls on Wednesday 17 November 2010.
This circular supersedes circular No: LCH.Clearnet Ltd Circular No 2703; LME/430 dated 20 October 2010.
Details of margin rates are available on the LCH.Clearnet website (www.lchclearnet.com) under Risk Management > Ltd > Margin rate circulars..
For further information please contact the following:
Risk Operations | 020 7426 7520 |
Christopher Jones
Director, and Head of Risk Management