Fees

Business Streams

 

Custody Services

Price of custody services (i.e. fees on margin cover collateral)
Credit Variation MarginNot allowed to cover a Debit Cash position
No charge or payment to cover IM or debit CVM
Performance BondsCharge 0.10% to cover IM and CVM after offset
Charge LDR plus 2.1% to cover CHF, JPY, DKK, NOK & SEK Debit Cash positions
Charge LDR plus 1.1% to cover GBP, USD & EUR Debit Cash positions
SecuritiesCharge 0.10% to cover IM and CVM after offset
Charge LDR plus 2.1% to cover CHF, JPY, DKK, NOK & SEK Debit Cash positions
Charge LDR plus 1.1% to cover GBP, USD & EUR Debit Cash positions
CashPay London Deposit Rate to cover on any cash balances held overnight
Foreign CashPay LDR of cover currency on cash balances held overnight
Charge LDR plus 2% to cover CHF, JPY, DKK, NOK & SEK Debit Cash positions
Charge LDR plus 1% to cover GBP, USD and EUR Debit Cash positions
Forward CashCharge LDR plus 2% to cover CHF, JPY, DKK, NOK & SEK Debit Cash positions
Charge LDR plus 1% to cover GBP, USD and EUR Debit Cash positions

Notes:

IM - Initial Margin.

CVM - Contingent Variation Margin.

London Deposit Rate is calculated daily for each currency by 10:00 hours. It is derived from bid rates for overnight funds quoted by selected money market brokers and/or major banks. For next-day value currencies, LDR is calculated the day priot using tom/next rate.

Foreign Cash - cash in a currency other than that of the liability.

Forward Cash - cash which has been credited to an account for later value, e.g. an amount called via PPS for next-day value.

Prices of additional services to customers

Nil.