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Originating Department:Risk Management
Company Circular No:LCH.Clearnet Ltd Circular No 3202
Service Circular No:LME 455
Date:

04 October 2012

To:All LME Clearing Members

LME Margin Rate Changes

  1. LCH.Clearnet Ltd has, after consultation with LME, set the London SPAN margin parameters marked in bold and italic in the spreadsheet below.

  2. The changes will be made effective from the close of business on Monday 08 October 2012 and will be reflected in margin calls on Tuesday 09 October 2012.

  3. This circular supersedes circular No:  LCH.Clearnet Ltd Circular No 3195; LME/454 dated 04 September 2012.

  4. Details of margin rates are available on the LCH.Clearnet website (www.lchclearnet.com) under Risk Management > Ltd > Margin rate circulars.

  5. Please click  on the LME Margin Rate Spreadsheet  for the revised SPAN parameters marked in bold and italic. 

  6. For further information please contact: Risk Operations   +44 (0)20 7426 7520


Nicholas Lincoln
Director, Market Risk