| Originating Department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 2355 |
| Service Circular No: | LME 390 |
| Date: | 23 September 2008 |
| To: | All LME Clearing Members |
Margin Rate Changes
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. The changes will be made effective from the close of business on Thursday 25 September 2008 and will be reflected in margin calls on Friday 26 September2008.
This circular supersedes circular No: LCH.Clearnet Ltd Circular No 2338; LME/388 dated 5 August 2008.
Also included are the parameters for the extended prompts due top go live on Monday 29 September.
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 website (www.lchclearnet.com) under Risk Management > Ltd > Margin rate circulars > LME.
For further information please contact the following:
Risk Operations 020 7426 7520
Christopher Jones
Director, and Head of Risk Management
Related Items
- 2008-08-05 LME
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. - 2008-10-13 LME
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.