LCH Ltd EquityClear service fee changes

Report date

Circular No.

LCH Circular No 3994


11 December 2018


All LCH Ltd EquityClear Clearing Members


Dear Member,


We would like to advise you of changes to the following LCH Ltd (LCH) EquityClear service fees, which will be effective on and from 1 January 2019:


  • The EquityClear annual membership fee will be raised from £15,000 p.a. to £20,000 p.a.;


  • The EquityClear annual Non-Member Market Participant (NCP) fee will be raised from £2,500 p.a. to £3,000 p.a. for each NCP of an EquityClear clearing member (ECM); and


  • The EquityClear ‘buy-in’ administration fee, which is payable by an ECM who has failed to deliver securities to LCH in accordance with its settlement obligations, will be raised from £125 to £200 for each securities buy-in procedure, which LCH initiates in respect of such failed settlement. 


All other fees within the EquityClear service remain the same.


If you have any questions, please contact Ian Mackenzie on + 44 (0) 207 426 7265  or Tim Beckwith on + 44 (0) 207 426 7276,