|Originating Department:||Risk Management|
|Company Circular No:||LCH.Clearnet Ltd Circular No 3129|
|Service Circular No:||LCH.Clearnet EnClear 356|
|Date:||27 March 2012|
|To:||All LCH.Clearnet EnClear Clearing Members|
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 / 3103; LCH EnClear /354 dated 29 February 2012.
Changes have been made to EnClear contracts.
The margin review changes will take place with effect from close of business Monday 2 April 2012 and will be reflected in margin calls made on Tuesday 3 April 2012.
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 +44 (0)20 7426 7520
Director, Market Risk