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Originating department:Risk Management
Company Circular No:LCH.Clearnet Ltd Circular No 2147
Service Circular No:RepoClear 115
Date:15 May 2007
To:All RepoClear Members

Margin Rate Changes

  1. LCH.Clearnet Ltd has revised the London SPAN parameters for RepoClear. These changes will be made effective from the close of business on Monday 21 May 2007 and will be reflected in margin calls on Tuesday 22 May 2007.

  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 2083; RepoClear/111 dated 27 October 2006.

  4. Details of the LCH.Clearnet Ltd RepoClear Circular can be found on the LCH.Clearnet website (www.lchclearnet.com) under Risk Management > Ltd > Margin rate circulars > RepoClear.

  5. Members seeking further information please contact:

    LCH.Clearnet LtdRisk Operations020 7426 7520

Chris Jones
Director, Risk Management

RepoClear Margin Rate Change Spreadsheet