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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 LtdRisk Operations020 7426 7520

 

Christopher Jones

Director and Head of Risk Management

EDX Margin Rate Change Spreadsheet