LCH.Clearnet Limited EnClear – Fertilizer Contracts, revised dates for launch (UNM/DNM/UAM) and suspension (UNO/DNO/UAN)

LCH.Clearnet EnClear Clearing Members are advised that, further to circular, LCH.Clearnet Limited ("LCH.C") has now confirmed the launch and suspension date of the fertilizer contracts.

LCH.C will suspend clearing of its cash settled New Orleans fertilizer contracts (UNO, DNO and UAN) on the 13 May 2015.

LCH.C will launch three new cash settled New Orleans fertilizer contracts, being UNM, DNM and UAM, on 14 May 2015. These new fertilizer contracts will have a reduced lot size of 25st, as outlined below:

Any Clearing Members will Open Interest in the existing UNO, DNO and UAN fertilizer contracts will have their positions converted to the equivalent number of UNM, DNM and UAM positions by LCH.C on the 14 May 2015.

Relevant sections of the LCH.Clearnet Limited Rulebook will be updated to reflect the above

Please contact David Barnes (david.barnes@lchclearnet.com) or Isabella Kurek-Smith (isabella.kurek-smith@lchclearnet.com) with any enquiries