| Originating Department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 1845 |
| Service Circular No: | LCH IPE 300 |
| Date: | 21 January 2005 |
| To: | All LCH IPE Clearing Members |
Margin Rates Changes for IPE Contracts
- LCH.Clearnet Ltd has set SPAN parameters, as highlighted in bold and italic in the attached document. The changes will take place with effect from close of business Thursday 27 January 2005 and will be reflected in margin calls made on Friday 28 January 2005. This circular supersedes circular LCH.Clearnet/ 1826; LCH IPE/ 297 dated 09 November 2004.
- Changes have been made to IPE contracts.
- Details of the current London SPAN Parameters, for all IPE contracts, can be found on the LCH.Clearnet Ltd website (www.lchclearnet.com) by selecting ‘Limited’. Details can then be found under the ‘Risk & Margining’ section. Alternatively, details of margin rates are available on TRS under option 3 by inputting $Margin.
- For further information please contact the following:
Risk Operations 020 7426 7520
Andrew White
Director, Risk Policy
IPE Margin Rate Spreadsheet