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Originating Department:Risk Management
Company Circular No:LCH.Clearnet Ltd Circular No 2024
Service Circular No:RepoClear 107
Date:02 May 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 10 May 2006 and will be reflected in margin calls on Thursday 11 May 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 2001; RepoClear/105 dated 14 March 2006.

  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