EquityClear Fees from 1st July 2009

To view EquityClear Fees pre July click here

The cost associated with using the EquityClear service will depend on the members monthly volumes. All cleared volumes across all the trade sources cleared through the EquityClear® service are cumulative. The EquityClear® tariff structure supports members existing business whilst incentivising growth. With increased volumes members can reduce the cost of clearing to as low as 1p per trade.

LCH.Clearnet will apply the tariff structure below to a member’s Average Daily Volume. This is derived by dividing the member’s total volume for the month by the number of days in the month. The Average Daily Volume figure will then step through each band starting at 0 until it is reached.
Please see example below.

Members can reduce costs further by using the ‘family groupings’ discount facility that is available upon request.

The fee structure highlights LCH.Clearnet’s commitment to reduce fees and benefit its members. The tariff is structured to incentivise growth and reward those members that use the service.

Please use our user friendly calculator that will assist members with any modeling. Upon entering a member’s volumes the calculator will highlight the associated fee.

Should you have any questions regarding the fee structure please contact:

Ian Mackenzie, Commercial Services: Tel, +44 (0)20 7426 7265. ian.mackenzie@lchclearnet.com.

From	0	10,001	20,001	40,001	60,001	80,001	100,001
Price	10p	7p	5p	4p	3p	2p	1p

Example

3,000,000 trades / 21(Days in the Month) = 142,857 (Average Daily Volume)
10,000 trades at 10p = £1,000
10,000 trades at 7p = £700
20,000 trades at 5p = £1,000
20,000 trades at 4p = £800
20,000 trades at 3p = £600
20,000 trades at 2p = £400
42,857 trades at 1p = 428.57
Total 4,928.57 x 21 = £103,500 

LCH.Clearnet passes through at cost, all settlement related fees to its members.

For EUI settlement related fees

For MTF settlement related fees

Those Trade sources that choose to use the CCP services of EUI will be subject to an additional EUI CCP services fee that will be passed through at cost.

From 1st April 2008, EUI charge LCH.Clearnet a settlement fee that is also passed through at cost. 

Click here to view all associated EquityClear costs in PDF format.

Click here to view the EquityClear service description.

Glossary of terminology used above
CCP Service fee: refers to Central Counterparty services offered by EUI
EUI: refers to Euroclear UK & Ireland
LSE: refers to London Stock Exchange
ADV: refers to Members Average Daily Volume