| Originating Department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 2030 |
| Service Circular No: | LME 355 |
| Date: | 15 May 2006 |
| To: | All LME Clearing Members |
Margin Rate Change
- LCH.Clearnet Ltd has, after consultation with LME, decided to change the London SPAN margin parameters for the contracts marked in bold and italic on the attached document. These changes will be made effective from the close of business on Wednesday 17 May 2006 and will be reflected in margin calls on Thursday 18 May 2006.
- This circular supersedes circular No: LCH.Clearnet Ltd Circular No 2023; LME/354 dated 28 April 2006.
- Details of margin rates are available on the LME Matching and Clearing System by selecting the SPAN Initial Margin Rates report in Report Printing and Browsing and also 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