| Originating department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 2289 |
| Service Circular No: | LCH EnClear 211 |
| Date: | 15 April 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 / 2286; LCH EnClear / 210 dated 7th April 2008.
Changes have been made to ICE and Freight contracts. The ICE changes will take place with effect from close of business Thursday 17th April 2008 and will be reflected in margin calls made on Friday 18th April 2008. The Freight changes will take place with effect from close of business Tuesday 22nd April 2008 and will be reflected in margin calls made on Wednesday 23rd April 2008
3. 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