| Originating department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 2108 |
| Service Circular No: | LCH EnClear 160 |
| Date: | 18 January 2007 |
| 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/ 2105; LCH EnClear / 159 dated 9 January 2006.
Changes have been made to ICE US Power contracts. Changes will take place with effect from close of business Wednesday 24th January 2007 and will be reflected in margin calls made on Thursday 25th January 2007.
Details of the current London SPAN Parameters, for all contracts, can be found on the LCH.Clearnet website (www.lchclearnet.com) under Risk Management > Ltd > Margin rate circulars.
Members seeking further information please contact:
Risk Operations 020 7426 7520
Andrew White
Director, Risk Policy