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Originating Department:Risk Management
Company Circular No:LCH.Clearnet Ltd Circular No 3255
Service Circular No:OTC Bullion No 015

29 January 2013

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

Margin Rate Change for Precious Metals

  1. LCH.Clearnet Ltd has set the London SPAN parameters as marked in bold and italic on the spreadsheet below. This circular supersedes circular LCH.Clearnet / 3253; LCH Gold Bullion / 014 dated 24th January 2012.

  2. Changes have been made due to the introduction of the OTC Silver contract.

  3. The parameters will take effect on Friday 1st February 2013.

  4. OTC Silver Margin Rate Spreadsheet

  5. Details of the current London SPAN Parameters, for the OTC Silver contract, can be found on the LCH.Clearnet website (www.lchclearnet.com) under Risk Management > Ltd > Margin rate circulars.

  6. For further information please contact the following:

 Risk Operations   +44 (0)20 7426 7520


Nicholas Lincoln 
Director, Market Risk