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| Originating Department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 3058 |
| Service Circular No: | LME 450 |
| Date: | 10 January 2012 |
| 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 in the document below.
The changes will be made effective from the close of business on Friday 13 January 2012 and will be reflected in margin calls on Monday 16 January 2012.
This circular supersedes circular No: LCH.Clearnet Ltd Circular No 3021; LME/449 dated 31 October 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