| Originating Department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 2053 |
| Service Circular No: | LCH ICE Futures 333 |
| Date: | 10 July 2006 |
| To: | All LCH ICE Futures Clearing Members |
Margin Rates Changes for New ICE Futures Coal Contracts
- LCH.Clearnet Ltd has set SPAN parameters, as marked in bold and italic on the attached document, for the following new contracts:
- ICE Futures Rotterdam Coal Futures Contract
- ICE Futures Richard's Bay Coal Futures Contract
- These rates will take effect from close of business 17 July 2006 and will be reflected in margin calls made on 18 July 2006. This circular supersedes circular LCH.Clearnet/ 2047; LCH ICE Futures/ 330 dated 29 June 2006.
- Changes have been made to ICE Futures Contracts.
- 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