| Originating department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 2094 |
| Service Circular No: | LCH EnClear 155 |
| Date: | 30 November 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/ 2093; LCH EnClear / 154 dated 28 November 06.
Changes have been made to ICE US Gas contracts and will take place with effect from close of business Wednesday 6 December 2006 and will be reflected in margin calls made on Thursday 7 December 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 |
Christopher Jones
Director and Head of Risk Management