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Originating department:Risk Management
Company Circular No:LCH.Clearnet Ltd Circular No 2059
Service Circular No:RepoClear 109
Date:01 August 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 9th August 2006 and will be reflected in margin calls on Thursday 10th August 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 2024; RepoClear/107 dated 02 May 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. Members seeking further information please contact:

    LCH.Clearnet LtdRisk Operations020 7426 7520

Andrew White
Director, Risk Policy

RepoClear Margin Rate Change Spreadsheet