Introduction of LMEmini Contracts on the LME

Introduction

Further to LME Notice 06/309:305 dated 10 November 2006 we provide below information about the introduction of the LMEmini futures contracts.

Launch Information

The LMEmini Copper Grade A, Primary Aluminium and Special High Grade Zinc futures contracts will be launched on Monday, 4 December 2006.

LME Matching and Clearing System (MCS)

In preparation of the launch of LMEmini futures contracts the MCS will be upgraded over the weekend of 18/19 November to include all eight LMEmini futures contracts. Trade input of LMEmini contracts will be prohibited until 4 December 2006.

From Monday, 20 November 2006 external interface, London SPAN parameter files, screens and reports will have closing prices data populated for all eight LMEmini futures contracts.

Included within this release will be revised matching deadlines for Kerb 7 outlined in LME Circular 06/266 and the changed trading time for cash today (TOM) client contracts outlined in LME Circular 06/313.

LMEmini Commodity Codes

The commodity codes for the three contracts launching on 4 December 2006 will be as follows:

London SPAN Parameters

The contract will be margined using London SPAN. The London SPAN Parameters are available on LCH.Clearnet Group website under the ‘Risk Management’ section (/data_downloads/ltd/span.asp).

PPS and Banking Procedures

Standard Clearing House PPS and banking procedures will apply to this contract. If you have any queries regarding PPS arrangements please contact Siobhan White on +44 (0)20 7426 7044.

Fees

LCH.Clearnet will not be charging any fees for any LMEmini transactions from their launch on 4 December 2006 until the end of December 2006. Fee rates will be notified to Members’ in due course.

The Clearing House Rulebook

Amendments and additions to the Clearing House Rulebook (General Regulations, Default Rules Settlement Finality Regulations and Procedures) for these contracts will be available on the LCH.Clearnet Group website (/rules_and_regulations/ltd/forthcoming.asp) in due course, under the section ‘Rules & Regulations’, under sub-heading ‘Ltd - Recent and Forthcoming Changes”.

Further Information

If you have any questions or would like further information please contact one of the following:

Yours sincerely

David Farrar
Senior Manager, Exchange & Commodity Derivatives