| Originating Department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 2301 |
| Service Circular No: | LCH ICE Futures 368 |
| Date: | 09 May 2008 |
| To: | All LCH ICE Futures Clearing Members |
Margin Rate Changes for ICE Futures Contracts
1. LCH.Clearnet Ltd has revised the London SPAN parameters as marked in bold and italic on the attached document. This circular supersedes circular LCH.Clearnet / 2288; LCH ICE Futures / 366 dated 15 April 2008.
Changes will take place with effect from close of business Wednesday 14 May 2008 and will be reflected in margin calls made on Thursday 15 May 2008.
Details of the current London SPAN Parameters, for all ICE Futures contracts, can be found on the LCH.Clearnet website (www.lchclearnet.com) under Risk Management > Ltd > Margin rate circulars > ICE Futures.
For further information please contact the following:
Risk Operations 020 7426 7520
Christopher Jones
Director and Head of Risk Management