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| Originating Department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 3021 |
| Service Circular No: | LME 449 |
| Date: | 31 October 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
Tuesday 01 November 2011 and will be reflected in margin
calls on Wednesday 02 November2011.This circular supersedes circular No: LCH.Clearnet Ltd Circular No 2988; LME/448 dated 27 September 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
Nicholas Lincoln
Director, Market Risk