| Originating department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 2214 |
| Service Circular No: | RepoClear 119 |
| Date: | 19 November 2007 |
| To: | All RepoClear Members |
Margin Rate Changes
LCH.Clearnet Ltd has revised the London SPAN parameters for RepoClear. These changes will be made effective from the close of business on Monday 26 November 2007 and will be reflected in margin calls on Tuesday 27 November 2007.
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.
This circular supersedes LCH.Clearnet Ltd Circular No 2176; RepoClear/117 dated 10 August 2007.
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.
Members seeking further information please contact:
LCH.Clearnet Ltd Risk Operations 020 7426 7520
Chris Jones
Director, Risk Management