| Originating department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 2268 |
| Service Circular No: | LCH EnClear 204 |
| Date: | 3 March 2008 |
| 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/ 2265; LCH EnClear / 203 dated 26 February 2008.
Changes have been made to ICE contracts. The first set of changes will take place with effect from close of business Thursday 06 March 2008 and will be reflected in margin calls made on Friday 07 March 2008. The second set of changes will take effect from close of business Monday 10 March 2008 and will be reflected in margin calls made on Tuesday 11 March 2008
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