Business Streams
| Originating Department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 2561 |
| Service Circular No: | LCH EnClear 274 |
| Date: | 22 December 2009 |
| To: | All LCH EnClear Clearing Members |
Margin Rate Changes for EnClear Contracts
LCH.Clearnet Ltd has revised the London SPAN parameters as marked in bold and italic on the attached document. This circular supersedes circular LCH.Clearnet / 2548; LCH EnClear / 271 dated 27 November 2007.
Changes have been made to the Scanning Range, Intermonth Spreads and Intercommodity Spread Credits for existing contracts.
The changes will take place with effect from close of business Tuesday 29 December 2009 and will be reflected in margin calls made on Wednesday 30 December 2009.
Details of the current London SPAN Parameters, for all EnClear contracts, can be found on the LCH.Clearnet website (www.lchclearnet.com) under Risk Management > Ltd > Margin rate circulars.
For further information please contact the following:
Risk Operations 020 7426 7520
Christopher Jones
Director, and Head of Risk Management
