LCH.Clearnet Ltd - Margin Management during Thanksgiving Period 2014

Please note that as a result of expected limited investment capacity as well as the SIFMA recommended early closure during the Thanksgiving period, LCH.Clearnet Limited is implementing the following temporary changes to its margin management procedures -

LCH.Clearnet Limited will not accept USD cash Collateral in excess of Clearing Member's Initial Margin requirement after 10:00am New York time for Wednesday 26th and Friday 28th of November 2014. Clearing Members may continue to provide cash Collateral in response to a margin call. This applies to both Clearing Member's Proprietary and Client business.

LCH.Clearnet Limited will not accept any USD back load transactions for Wednesday 26th and Friday 28th of November 2014.

For FCM Clearing Members only:
Requests for the same day return of USD cash Collateral must be received by LCH.Clearnet Limited prior to 09:30am New York time on Wednesday 26th November 2014 and Friday 28th November 2014.

The 27th November 2014 is an open day for LCH.Clearnet Limited and will operate business as usual on a US bank holiday.

Terms used herein shall have the meaning assigned to them in the Rulebook or FCM Rulebook, as applicable.

For further information, please contact the below:

Elissa Holme
elissa.holme@lchclearnet.com
Group Head of CaLM Non-Eurozone

Anneliese Schwyter
anneliese.schwyter@lchclearnet.com
US Head of CaLM

Laurence Jones
laurence.jones@lchclearnet.com
UK Head of Collateral Operations