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| Originating Department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 2836 |
| Service Circular No: | LME 438 |
| Date: | 15 April 2011 |
| To: | All LME Clearing Members |
LME Margin Rate Changes
LCH.Clearnet Ltd has, after consultation with LME, set the London SPAN margin parameters.
The changes will be made effective from the close of business on Wednesday 20 April 2011 and will be reflected in margin calls on Thursday 21 April 2011.
This circular supersedes circular No: LCH.Clearnet Ltd Circular No 2804; LME/437 dated 3 March 2011.
Details of margin rates are available on the LCH.Clearnet website (www.lchclearnet.com) under Risk Management > Ltd > Margin rate circulars.
Please click on the LME Margin Rate Spreadsheet for the revised SPAN parameters marked in bold and italic.
For further information please contact: Risk Operations 020 7426 7520
Christopher Jones
Executive Director, and Head of Risk Management