| Originating department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 2103 |
| Service Circular No: | LCH EnClear 157 |
| Date: | 14 December 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/ 2094; LCH EnClear / 155 dated 30 November 06.
Changes have been made to ICE US Gas contracts and will take place with effect from close of business Tuesday 19 December 2006 and will be reflected in margin calls made on Wednesday 20 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:
Risk Operations 020 7426 7520
Christopher Jones
Director and Head of Risk Management