| Originating Department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 2033 |
| Service Circular No: | LCH ICE Futures 328 |
| Date: | 18 May 2006 |
| To: | All LCH ICE Futures Clearing Members |
Margin Rates Changes for ICE Futures Contracts
- LCH.Clearnet Ltd has set SPAN parameters, as highlighted in bold and italic in the attached document. These changes will take place with effect from close of business Thursday 18th May 2006 and will be reflected in margin calls made on Friday 19th May 2006. This circular supersedes circular LCH.Clearnet/ 2029; LCH ICE Futures/ 327 dated 12 May 2006 .
- The Scanning Range for Brent Crude Oil and WTI Light Sweet Crude have been changed.
- 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.
- For further information please contact the following:
Risk Operations 020 7426 7520
Christopher Jones
Director and Head of Risk Management