| Originating department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 2211 |
| Service Circular No: | LCH EnClear 186 |
| Date: | 07 November 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/ 2210; LCH EnClear / 185 dated 02 November 2007.
Changes have been made to ICE contract Jet Diff - NWE CIF Cargo vs Gas Oil 1st line Swap. These changes will take place with effect from close of business Thursday 8 November 2007 and will be reflected in margin calls made on Friday 9 November 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