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Originating Department:Risk Management
Company Circular No:LCH.Clearnet Ltd Circular No 2893
Service Circular No:LCH.Clearnet EnClear 340
Date:29 June 2011
To:All LCH.Clearnet EnClear Clearing Members


Margin Rate Changes for EnClear Contracts

  1. LCH.Clearnet Ltd has revised the London SPAN parameters as marked in bold and italic in the document below.  This circular supersedes circular LCH.Clearnet / 2879; LCH EnClear / 336 dated 31 May 2011.

  2. Changes have been made to EnClear contracts.

  3. The margin review changes will take place with effect from close of business Wednesday 6 July 2011 and will be reflected in margin calls made on Thursday 7 July 2011.

  4. 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.

  5. For further information please contact the following:

    Risk Operations                 020 7426 7520
     

Christopher Jones
Executive Director and Head of Risk Management

EnClear Margin Rate Spreadsheet

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