| Originating Department: | Risk Management |
| Company Circular No: | LCH Ltd Circular No 1876 |
| Service Circular No: | LCH IPE 301 |
| Date: | 01 April 2005 |
| To: | All LCH IPE Clearing Members |
Margin Rate 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 07 April 2005 and will be reflected in margin calls made on Friday 08 April 2005. This circular supersedes circular LCH.Clearnet/ 1845; LCH IPE/ 300 dated 21 January 2005.
- 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 be found under the ‘Risk & Margining’ section. Alternatively using TRS select menu option #3 and input $MARGIN.
- For further information please contact the following:
Risk Operations 020 7426 7520
Christopher Jones
Director and Head of Risk Management
IPE Margin Rate Spreadsheet