| Originating Department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No. 2433 |
| Service Circular No: | LIFFE No. 687 |
| Date: | 11 March 2009 |
| 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.
Changes have been made to LIFFE Equities, Financials and Indices contracts.
The changes will be made effective from the close of business on Friday 13 March 2009 and will be reflected in margin calls on Monday 16 March 2009.
This circular supersedes circular number LCH.Clearnet Ltd/ 2426 : LIFFE/ 686 dated 19 February 2009.
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