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| Originating department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 2622 |
| Service Circular No: | EquityClear/EDX 158 |
| Date: | 17 May 2010 |
| To: | All EquityClear/EDX London Members |
Updated Margin Rates
1. LCH.Clearnet Ltd has, after consultation with EDX London, revised the London SPAN parameters as marked in bold and italic on the attached document.
2. Changes have been made to EDX Equity contracts.
3. The changes will be going live on Tuesday 18 May 2010 and will be reflected in margin calls on Wednesday 19 May 2010.
4. This circular supersedes circular number LCH.Clearnet Ltd/ 2612 : EDX/ EquityClear 156 dated 20 April 2010.
5. Details of the current SPAN Parameters, for all EDX contracts, can be found on the LCH.Clearnet website (www.lchclearnet.com) under Risk Management > Ltd > Margin rate circulars.
6. Members seeking further information in relation to this circular should contact the following:
| LCH.Clearnet Ltd | Risk Operations | 020 7426 7520 |
Christopher Jones
Director and Head of Risk Management