| Originating department: | Customer & Market Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 2080 |
| Service Circular No: | ICE Futures No 149 |
| Date: | 13 October 2006 |
| To: | All ICE Futures Clearing Members |
Amendments to The Rulebook (General Regulations, Default Rules, Settlement Finality Regulations and Procedures of LCH.Clearnet Ltd)
Update to Section 2A - Exchange Clearing for ICE Futures ECX Carbon Financial Instrument Options Contract
Members are advised that amendments have been made to the Rulebook in order to update the procedures relating to ICE Futures ECX Carbon Financial Instrument Options contract.
Procedures – Section 2A – Exchange Clearing
Changes have been made to Section 2A – Exchange Clearing to update the procedures relating to ICE Futures ECX Carbon Financial Instrument Options contract. We have also taken the opportunity to update this section with references to Coal and Electricity contracts in the Cash Settlement section and amend the times under the Exercise Deadlines to reflect those in ICE Futures Rulebook.
Please be advised that the above mentioned revisions are available on the Forthcoming and Recent Changes page of the “Rulebook” section of the LCH.Clearnet Ltd web site (via www.lchclearnet.com) and may be downloaded from that site.
LCH.Clearnet Ltd no longer generally issues its Rulebook in paper form. In the unlikely event that any Clearing Member is unable to download the Rulebook from the web-site, please contact Corporate Communications on +44 (0)20 7426 7000.
If any Member has any questions or inquiries regarding these amendments, please contact David Farrar +44 (0)20 7426 7582 or your usual LCH.Clearnet contact.
Yours sincerely
David Farrar,
Exchange & Commodity Derivatives