LCH Limited EquityClear Service - Clearing fee revision
|
Circular No. |
LCH Circular No 4178 |
|
Date: |
21 October 2021 |
|
To: |
All LCH Ltd EquityClear Clearing Members |
Dear LCH Ltd EquityClear Clearing Member
Further to our recent announcement of 15 October 2021, advising members of a fee reduction.
We are pleased to advise members of another fee reduction to the clearing fee schedule effective 1 November 2021, as follows:
The current EquityClear clearing fee structure incorporates 11 bands, as shown below.
|
Band |
ADV |
Fee (£) per on-Venue Trade |
|
1 |
0.06 |
|
|
2 |
≥ 20,000 |
0.03 |
|
3 |
≥ 125,000 |
0.0175 |
|
4 |
≥ 250,000 |
0.011 |
|
5 |
≥ 400,000 |
0.0075 |
|
6 |
≥ 500,000 |
0.005 |
|
7 |
≥ 750,000 |
0.0045 |
|
8 |
≥ 1,000,000 |
0.0035 |
|
9 |
≥ 1,500,000 |
0.00335 |
|
10 |
≥ 2,500,000 |
0.00275 |
|
11 |
≥ 2,500,000 |
0.00225 |
The changes are to the threshold for entry to Band 8 (which will be reduced to ≥ 925,000) and to the fees for both Band 8 and Band 9, which will be reduced to £0.00325 and £0.003125, respectively:
|
Band |
ADV |
Fee (£) per on-Venue Trade |
|
7 |
≥ 750,000 |
0.0045 |
|
8 |
≥ 1,000,000 to 925,000 |
0.0035 to 0.00325 |
|
9 |
≥ 1,500,000 |
0.00335 to 0.003125 |
|
10 |
≥ 2,500,000 |
0.00275 |
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