1. 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 Friday 27th January 2006 and will be reflected in margin calls made on Monday 30th January 2006. This circular supersedes circular LCH.Clearnet/ 1942; LCH IPE/ 314 dated 10th October 2005.
   
2. Changes have been made to ICE Futures contracts.
   
3. Also included are the details of the new WTI Light Sweet Crude contract due to go live on the 3 February 2006
   
4. Details of the current London SPAN Parameters, for all ICE Futures 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.
   
   
5. For further information please contact the following:
   
   

   Risk Operations

   020 7426 7520

Andrew White
Director, Risk Policy