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| Originating Department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 2768 |
| Service Circular No: | LME 435 |
| Date: | 24 January 2011 |
| To: | All LME Clearing Members |
LME Margin Rate Changes
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 Thursday 27 January 2011 and will be reflected in margin calls on Friday 28 January 2011.
This circular supersedes circular No: LCH.Clearnet Ltd Circular No 2740; LME/433 dated 26 November 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