Risk Management

Business Streams

 
Originating department:Risk Management
Company Circular No:LCH.Clearnet Ltd Circular No 2252
Service Circular No:LCH EnClear 198
Date:14 Febuary 2008
To:All LCH EnClear Clearing Members

Margin Rate Changes for EnClear Contracts

  1. 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/ 2243; LCH EnClear / 195 dated 24 January 2008.

  2. Changes have been made due to the introduction of the following new contracts

    •  Certified Emissions Reduction (CER)

    • EU Emissions Allowances (EUA)

  3.  Changes will take place with effect from close of business Friday 15 Febuary 2008 and will be reflected in margin calls made on Monday 18 Febuary 2008

  4. 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.

  5. For further information please contact the following:

Risk Operations020 7426 7520

Christopher Jones
Director, and Head of Risk Management

EnClear Margin Rate Change Spreadsheet

Related Items

  • 2008-01-24 EnClear
    LCH.Clearnet Ltd has revised the London SPAN parameters as marked in bold and italic on the attached document.
  • 2008-02-21 EnClear
    LCH.Clearnet Ltd has revised the London SPAN parameters as marked in bold and italic on the attached document.