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Originating Department:Risk Management
Company Circular No:LCH.Clearnet Ltd Circular No 2001
Service Circular No:RepoClear 105
Date:14 March 2006
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 Wednesday 22 March 2006 and will be reflected in margin calls on Thursday 23 March 2006.

  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 1921; RepoClear/101 dated 03 August 2005.

  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


Christopher Jones
Director, and Head of Risk Management


RepoClear Margin Rate Spreadsheet