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Originating Department:Risk Management
Company Circular No:LCH.Clearnet Ltd Circular No. 1990
Service Circular No:LIFFE No. 587
Date:17 February 2006
To:All LIFFE Clearing Members


LIFFE Margin Rate Changes
  1. LCH.Clearnet Ltd has, after consultation with LIFFE, revised the London SPAN parameters as marked in bold and italic on the attached document. These changes will be made effective from the close of business on Thursday 23rd February 2006 and will be reflected in margin calls on Friday 24th February 2006.

  2. Amendments have been made to LIFFE Commodities.

  3. This circular supersedes circular number LCH.Clearnet Ltd/ 1984 : LIFFE/ 586 dated 09 February 2006.

  4. Details of the current London SPAN Parameters, for all LIFFE 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 using TRS select menu option #3 and input $MARGIN.

  5. Members seeking further information in relation to this Circular should contact one of the following:

    LCH.Clearnet LtdRisk Operations020 7426 7520
    LIFFEMarket Operations020 7379 2824


Andrew White

Director, Risk Policy


LIFFE Margin Rate Spreadsheet