| Originating department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 2134 |
| Service Circular No: | LCH EnClear 166 |
| Date: | 29 March 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/ 2129; LCH EnClear / 165 dated 13th March 2007.
Changes have been made to ICE, Freight, Endex and OTC contracts. Most changes will take place with effect from close of business Wednesday 4th April 2007 and will be reflected in margin calls made on Thursday 5th April 2007. However for the ICE power contracts changes will be made in accordance to the expiry dates on Monday 2nd April 2007 and Tuesday 10th April 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