| Originating department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 2122 |
| Service Circular No: | LCH EnClear 163 |
| Date: | 28 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/ 2112; LCH EnClear / 1612 dated 02 February 2007.
Changes have been made to ICE and Freight Contracts. Changes will take place with effect from close of business Tuesday 6 March 2007 and will be reflected in margin calls made on Wednesday 7 March 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