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Originating Department:Risk Management
Company Circular No:LCH.Clearnet Ltd Circular No 2862
Service Circular No:LCH.Clearnet OTC Precious Metals No 002

13 May 2011

To:All LCH.Clearnet EnClear Clearing Members
(Precious Metals Division)

Margin Rates for OTC Gold

  1. LCH.Clearnet Ltd has set the London SPAN margin parameters marked in bold and italic on the attached document.

  2. The OTC Gold Bullion contract changes will be effective from Wednesday 18 May 2011 and will be reflected in margin calls on Thursday 19 May 2011.

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

  4. For further information please contact the following:

 Risk Operations   020 7426 7520


Christopher Jones
Executive Director, and Head of Risk Management

OTC Gold Bullion Margin Rate Spreadsheet