| Originating Department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 1880 |
| Service Circular No: | LCH IPE 303 |
| Date: | 12 April 2005 |
| To: | All LCH IPE Clearing Members |
Margin Rates For New IPE ECX Carbon Financial Instrument Futures
- LCH.Clearnet Ltd has set SPAN parameters, as highlighted in bold and italic in the attached document for the new IPE ECX CFI futures. The changes will take place with effect from close of business Friday 22 April 2005 and will be reflected in margin calls made on Monday 25 April 2005. This circular supersedes circular LCH.Clearnet/ 1876; LCH IPE/ 301 dated 1 April 2005.
- 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
Christopher Jones
Director and Head of Risk Management
IPE Margin Rate Spreadsheet