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Originating Department:Risk Management
Company Circular No:LCH.Clearnet Ltd Circular No 1844
Service Circular No:RepoClear 096
Date:04 January 2005
To:All RepoClear Members


Margin Rate Changes

  1. LCH has revised the London SPAN parameters for RepoClear. These changes will be made effective from the close of business on Monday 10 January 2005 and will be reflected in margin calls on Tuesday 11 January 2005.

  2. Resulting changes to margin rates are detailed in bold and italic type in Attachments A, B, C, D, E, F, G and H of this circular.

  3. This circular supersedes LCH.Clearnet Ltd Circular No 1705; RepoClear/092 dated 26 July 2004.

  4. Details of the LCH.Clearnet Ltd RepoClear Circular can be found on the LCH.Clearnet Ltd website (www.lchclearnet.com) by selecting ‘Limited’. Details can then be found under the ‘Risk & Margining’ section.

  5. For further information please contact:

    LCH.Clearnet Ltd Risk Operations020 7426 7520



Andrew White
Director, Risk Policy


RepoClear Margin Rate Spreadsheet