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| Originating Department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 3183 |
| Service Circular No: | LME 453 |
| Date: | 02 August 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 spreadsheet below.
The changes will be made effective from the close of business on Wednesday 08 August 2012 and will be reflected in margin calls on Thursday 09 August 2012.
This circular supersedes circular No: LCH.Clearnet Ltd Circular No 3142; LME/452 dated 23 April 2012.
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 +44 (0)20 7426 7520
Nicholas Lincoln
Director, Market Risk