| Originating department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 2082 |
| Service Circular No: | LCH EnClear 151 |
| Date: | 24 October 2006 |
| To: | All LCH EnClear Clearing Members |
Margin Rate Changes for EnClear Contracts
LCH.Clearnet Ltd has revised the London SPAN parameters as marked in bold and italic on the attached document. This circular supersedes circular LCH.Clearnet/ 2079; LCH EnClear / 148 dated 13 October 2006.
Changes have been made to ICE contracts. Changes will take place with effect from close of business Thursday 26 October 2006 and will be reflected in margin calls made on Friday 27 October 2006.
Details of the current London SPAN Parameters, for all contracts, can be found on the LCH.Clearnet Ltd website (www.lchclearnet.com) by selecting ‘Limited’. Details can then be found under the ‘Risk & Margining’ section.
Members seeking further information please contact:
| LCH.Clearnet Ltd | Risk Operations | 020 7426 7520 |
Andrew White
Director, Risk Policy