Technical Fees

Effective from 3 November 2014

The rates indicated below are expressed in euro and are subject to VAT at the applicable rate.

All DTRF (Delegation Technical Request Form) requests (deletions; additions; changes) are subject to a one-off fee of € 200. Members must fill in the DTRF document for any request and send it back signed-off to the CTH department (CTH.SA@lch.com). The DTRF is available upon request to your account manager.
 

I. Central Counterparty Webservices for EquityClear and Listed Derivatives: eCCW®

LCH SA bills eCCW® (C & D) fees monthly (collected on the 10th open business day of the following month) as from the month following the start of the service or change implemented.

This web access is dedicated to LCH SA clearing business as a single-member solution and multi-platform (test and production) in relation to Securities, Exchange Traded Financial & Equity derivatives and Commodities.

Monthly fee
  • eCCW® (C & D) service access
(inc. 2 access cards: 1 for production and 1 for test platform)

€ 200 per access

One-off fee
  • eCCW® (C & D) backup access cards
(active for Production platform only)

€ 200 per card

Configuration charge

€ 200 per order form


II. Webservices for RepoClear SA: WebOTC

LCH SA bills WebOTC access fees monthly (collected on the 10th open business day of the following month) as from the month following the start of the service or change implemented.

This web access is dedicated to Repoclear SA Government markets cleared by LCH SA.

Monthly fee
  • Service access
(inc. 1 access card)

€ 100 per access

Configuration charge

€ 200 per order form

This web access is dedicated to the Repoclear Government markets cleared by LCH SA.Bonds and Repos service.
 

III. Webservices for €GCPlus: WebEGCP

LCH SA bills WebEGCP access fees monthly (collected on the 10th open business day of the following month) as from the month following the start of the service or change implemented.

Monthly fee
  • Service access

(inc. 1 access cards)

€ 100 per access

Configuration charge

€ 200 per order form

This web accessEGCP reporting facility is dedicated to Repoclear SA triparty market of LCH SA.the €GCPlus clearing service

IV. Push/Pull solution for RepoClear SA and €GCPlus

This fee grid is valid for both RepoClear SA and €GCPlus

Configuration/change/termination charge

€ 200 per order form

V. Connectivity and clearing gateways

These technical solutions allow access to Cash, Derivatives and CDS markets.

LCH SA bills connectivity and clearing gateways fees monthly (collected on the 10th open business day of the following month); invoicing rules are described in the Access Agreement.

A. Connectivity

LCH SA provides network encrypted connectivity services through RadianzNet British Telecommunications plc. Such connectivity can allow users to access both LCH SA and LCH Ltd clearing services. They can be ordered through any of the CCPs.

The LCH SA costs hereafter apply:

Tier
Description

Bandwidth

2Mbps

 

One-off cost

4Mbps 

6Mbps 

8Mbps 

10Mbps 

One-off cost

Monthly cost

Monthly cost

Platinum:
Four circuits from dual carriers
to two member locations.

€5,000

€3,000

€10,600

€4,000

€4,100

€4,200

€4,500

Gold:
Three circuits, two circuits to the
members' primary location via two
carriers and a single connection to
another site

€4,375 €2,625 €9,275 €3,500 €3,550 €3,675 €3,940
Silver:
Two circuits from dual carriers
to one member location, or over
split member sites
€2,500 €1500 €5,300 €2,000 €2,000 €2,100 €2,250
Bronze:
Single circuit, single location (for sole test purpose)
€1,875 €1,125 €3,975 €1,500 €1,550 €1,575 €1,690

Please note that:

  • Unless otherwise specified, all costs indicated in the table above apply to sites located in Europe (exceptions may apply); for connections to any other location, costs can be provided on demand;

  • The 4Mbps connection is a minimum prerequisite bandwidth to access both LCH SA and Ltd Clearing services;

  • The Platinum, Gold, Silver tiers can be used for both production and test purposes;

  • The Bronze tier is for Users (Clearing members and Authorised Third Party Providers (i.e. ISVs)) who require dedicated access for sole testing purpose.

  • These costs apply to set up and run new connectivity to LCH SA services on existing BT Radianz connection. Changes on existing configurations (move, upgrade or downgrade of bandwidth, change of tier…) or for non connected site will be subject to specific quotations upon request to Account Managers.

B. Clearing Gateway (LCAP)

A LCAP is a clearing gateway allowing Users to receive files and real time messages for Cash, Derivatives markets. It is installed in LCH SA premises.

Tier

One-off cost Monthly cost
Production € 500 € 400
Test (EUA) € 500 € 400


Please note that "Production" tier also relates to all back-up LCAP used for production access if any.

VI. Specific reporting services

A. Cash Markets:

  • Flat file reporting cash fees
    This monthly file is sent upon members' request on LCAP and eCCW® on the 3rd business day of the month following the invoiced month.

Service

Amount

Flat file                             

Free of charge

  • Trade Leg Reconciliation File (TLRF)

Service

Amount

Trade Leg Reconciliation File - TLRF

€ 200 per month        

B. Derivatives markets

  • Equity and Index derivative products (ie CDS excluded)
Dissemination of clearing information

Service

Amount

File Access
Flux des Opérations du Jour – OPEJ -

€ 200 per month         

VII. Archived File

Any request for archived production files should be addressed to the clearing member's account manager; an estimate will be drawn up; it will need to be agreed and signed by the member before any further investigation.

A. Archived Production file charges

For illustration purposes, archived production file transfer requests are charged as follows *:

1st file

€ 1,000

2nd to 5th file

€ 500 each

Each additional file

€ 200 each

* An estimate will be done for any request

B. Investigation request charges

Archived file requests are charged as follows **:

Time spent on the request

Fee

1/2 day

€ 500

1 day

      € 1000       

Each additional 1/2 day

€ 500 

VIII. Electronic invoicing and evidences

A. Web portal for invoicing

This new ‘free of charge' web portal service enables clients to download and retrieve invoices and related evidences earlier in time, to ease invoice processing and reconciliation and to access historical information.

B. Optional service - Automated file transmission

Besides the manual downloading on the web portal which is free of charge, clients have the possibility to automate the transfer of original invoices and associated evidence/justificatory reports by accessing our SFTP server directly. This optional service is subject to additional fees as follows:

  • Initial one-off fee to set up the connection        €500
  • Recurring monthly fee:                                     €200

** An estimate will be done for any request

Click here to view this information as a pdf.