LCH Limited EquityClear Service - Clearing fee revision
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Circular Number: |
LCH circular number: 4174 |
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Date: |
15 October 2021 |
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To: |
All LCH Limited EquityClear Clearing Members |
Dear LCH Limited EquityClear Clearing Member,
We would like to advise you of the following changes to the LCH Limited (LCH) EquityClear fees, effective 1 November 2021:
OTC Trades: EquityClear’s OTC Trade fee will be banded alongside clearing fees, replacing the current flat fee per trade of this type. In addition, the service will introduce a monthly cap of £20k on off-order book fees, per member group. The bandings will be implemented as follows:
|
Clearing Volume Band |
Off-Book Transaction Fee |
|
Band 1 |
£ 0.080 |
|
Band 2 |
£ 0.080 |
|
Band 3 |
£ 0.080 |
|
Band 4 |
£ 0.080 |
|
Band 5 |
£ 0.060 |
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Band 6 |
£ 0.050 |
|
Band 7 |
£ 0.045 |
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Band 8 |
£ 0.040 |
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Band 9 |
£ 0.040 |
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Band 10 |
£ 0.030 |
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Band 11 |
£ 0.030 |
For this purpose, “OTC Trade” means a trade, the terms of which are (a) agreed bilaterally outside a trading venue, and (b) submitted to such trading venue for execution or matching (off order book) in accordance with its rules.
Settlement fee: LCH will reduce the settlement fee in the following markets:
- Denmark: from DKK24 per settlement to DKK14 per settlement
- Germany: from EUR1.60 per settlement to EUR1.40 per settlement
- Sweden: from SEK18.00 per settlement to SEK17.00 per settlement
The fee changes will be effective 01 November 2021 and will be updated at the following link: https://www.lch.com/services/equityclear/equityclear-ltd/fees
If you have any questions or need more information, please contact the Securities Client Services Team at: securitiesclientserviceLTD@lch.com
Yours sincerely,
Alex Krunic
Head of Equities, LCH Limited