| Originating department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 2181 |
| Service Circular No: | LCH EnClear 181 |
| Date: | 28 August 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/ 2179; LCH EnClear / 180 dated 24 August 2007.
Changes have been made to ICE OTC contracts. The first set of changes will take place with effect from close of business Friday 7 September 2007 and will be reflected in margin calls made on Monday 10 September 2007. Further changes will take place with effect from close of business Tuesday 11 September 2007 and will be reflected in margin calls made on Wednesday 12 September 2007.
Details of the current London SPAN Parameters, for all EnClear contracts, can be found on the LCH.Clearnet website (www.lchclearnet.com) under Risk Management > Ltd > Margin rate circulars.
For further information please contact the following:
| Risk Operations | 020 7426 7520 |
Christopher Jones
Director, and Head of Risk Management