Home Contact Us Site map Search Data downloads Help
LCH.Clearnet Home Page
About LCH.Clearnet GroupPress & publicationsCustomer NoticesMargin RatesMarkets & ServicesProjectsMembershipRules & RegulationsRisk ManagementTariffsCareersSecure AreaNews Feeds
Originating Department:Risk Management
Company Circular No:LCH.Clearnet Ltd Circular No 2256
Service Circular No:LME 376
Date:18 Febuary 2008
To:All LME Clearing Members

Margin Rate Changes

  1. 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 Monday 25 February 2008 and will be reflected in margin calls on Tuesday 26 February 2008.

  2. Changes have been made due to the introduction of the following new contracts

    • LME Meditarranean Steel Billet (FMD)

    • LME Far East Steel Billet (FFD)

  3. This circular supersedes circular No:  LCH.Clearnet Ltd Circular No 2246; LME/374 dated 28 January 2008.

  4. Detailed 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 website (www.lchclearnet.com) under Risk Management > Ltd > Margin rate circulars > LME.

  5. For further information please contact the following:

    Risk Operations020 7426 7520

Christopher Jones 
Director, and Head of Risk Management

LME Margin Rate Spreadsheet