LCH Ltd EquityClear fee revision

Dear LCH Ltd EquityClear Clearing Member

We are pleased to advise our LCH Ltd (LCH) EquityClear Clearing Members that we will be making changes to our billing of ETN/ ETC products settling in Euroclear Bank.

From 1st May 2024, and if the below conditions are met, eligible Clearing Members will receive a rebate of €3.50 per eligible ETN/ ETC settlement instruction alongside the existing rebate applicable to ETF settlement instructions in Euroclear Bank.

To be eligible for the per-settlement instruction rebate, a Clearing Member’s volumes must equal or exceed the below thresholds:  

• A combined 6-month rolling average* of 15,000 monthly ETF, ETN and ETC settlements in Euroclear Bank  
• An Average Daily Volume (ADV) measured over a 6-month rolling* period of 10,000 cleared trade sides with subsequent settlements in Euroclear UK & International (EUI)

*6-month rolling averages will be taken for previous 6 months of activity up to and including the current billing month. 

If you have any questions relating to this please contact: securitiesclientserviceLTD@lch.com

Yours Sincerely

Ivan Gilmore

Head of Cash Equities, LCH Ltd & LCH SA