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| Originating Department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 3236 |
| Service Circular No: | LME 456 |
| Date: | 11 December 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 on the attached document.
The changes will be made effective from the close of business on Monday 17th December 2012 and will be reflected in margin calls on Tuesday 18th December 2012.
This circular supersedes circular No: LCH.Clearnet Ltd Circular No 3195; LME/455 dated 04th October 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