| Originating Department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No. 2384 |
| Service Circular No: | LIFFE No. 674 |
| Date: | 27 November 2008 |
| To: | All LIFFE Clearing Members |
LIFFE Margin Rate Changes
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 Friday 28 November 2008 and will be reflected in margin calls on Monday 01 December 2008.
Changes have been made to the Coffee : Robusta Coffee Intercommodity Spread Credit.
This circular supersedes circular number LCH.Clearnet Ltd/ 2383 : LIFFE/ 673 dated 21 November 2008.
Details of the current London SPAN Parameters, for all LIFFE contracts, can be found on the LCH.Clearnet Ltd website (www.lchclearnet.com) under Risk Management > Ltd > Margin Rate Circulars.
- Members seeking further information in relation to this Circular should contact one of the following:
LCH.Clearnet Ltd Risk Operations 020 7426 7520 LIFFE Market Operations 020 7379 2824
Christopher Jones
Director, and Head of Risk Management