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Initial Margin Rates – Australian Electricity - Monday 26 March 2012

Tue 20 Mar 2012

ASX Clear (Futures) - CME SPAN Implementation Phase 1

The purpose of this notice is to confirm margin rate setting changes that will be effective upon implementation of CME SPAN Phase 1. Further to the notice released on 22 February 2012 titled “Go-live Date and Margin Rate Setting Changes”, ASX Clearing Corporation has approved the margin changes for Australian Electricity contracts as shown in ASX 24 NOTICE NO. 075/1.

The revised margin parameters will be effective for open contracts as at close of business on Monday 26 March 2012 impacting on margin calls made on Tuesday 27 March 2012.

Participants are encouraged to advise all relevant clients of this Initial Margin change on a timely basis.

Initial margin rates for all contracts are available on the d-cyphaTrade website.

Should you have any queries in relation to the above, please contact the Exposure Risk Management department on (02) 9227 0018 or (02) 9227 0236.