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| Originating Department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 2721 |
| Service Circular No: | OTC Bullion No 001 |
| Date: | 19 November 2010 |
| To: | All LCH.Clearnet EnClear Clearing Members
(Precious Metals Division) |
Margin Rate Changes for OTC Gold
LCH.Clearnet Ltd has set the London SPAN margin parameters marked in bold and italic on the attached document.
The OTC Gold Bullion contract will be introduced effective from Monday 29 November 2010 subject to regulatory approval and will be reflected in margin calls on Tuesday 30 November 2010.
Details of margin rates are available on the LCH.Clearnet website (www.lchclearnet.com) under Risk Management > Ltd > Margin rate circulars.
For further information please contact the following:
Risk Operations 020 7426 7520
Christopher Jones
Director, and Head of Risk Management