| Originating department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 2112 |
| Service Circular No: | LCH EnClear 162 |
| Date: | 02 February 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/ 2110; LCH EnClear / 161 dated 24 January 2007.
Changes have been made to ICE, OTC UK Gas and Power and Endex Contracts. Changes will take place with effect from close of business Friday 09 February 2007 and will be reflected in margin calls made on Monday 12 February 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
Christopher Jones
Director and Head of Risk Management