| Originating Department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 2092 |
| Service Circular No: | LCH ICE Futures 337 |
| Date: | 28 November 2006 |
| To: | All LCH ICE Futures Clearing Members |
Margin Rate Changes for ICE Futures Contracts
- LCH.Clearnet Ltd has set SPAN parameters, as marked in bold and italic in the attached document. These changes will take placewith effect from close of business Thursday 30 November 2006 and will be reflected in margin calls made on Friday 01 December 2006. This circular supersedes circular LCH.Clearnet/ 2073; LCH ICE Futures/ 335 dated 27 September 2006.
- Changes have been made due to the introduction of a Margin Top Up Rate on ICE UK Natural Gas Futures Monthly (GWM).
- 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.
- For further information please contact the following:
Risk Operations 020 7426 7520
Christopher Jones
Director and Head of Risk Management