LCH.Clearnet cuts margins for aluminium, nickel

LONDON, Nov 23 (Reuters) - LCH.Clearnet said it had cut the initial margin for aluminium and nickel futures traded on the London Metal Exchange and raised those for zinc. The new margins will be effective from close of business on Monday, November 30, LCH.Clearnet said in a release late on Friday. Following is a table detailing new and previous margins per lot in dollars. Metal New margin Previous margin Number of tonnes in a lot Aluminium 4,000 4,250 25 Nickel 12,600 13,200 6 Zinc 5,250 4,750 25 (Reporting by Pratima Desai;editing by Keiron Henderson)