Revision of EquityClear Clearing Fees
|
Originating department: |
Risk Management |
|
Circular No. |
LCH Circular No 3864 |
|
Service Circular No. |
EquityClear Circular No 65 |
|
Date: |
31st May 2017 |
|
To: |
EquityClear Members |
We would like to inform you that LCH Ltd (“LCH”) will introduce a new clearing fee band within the existing fee tariff for EquityClear.
The new fee band is shown below in the table and will be effective 1 July 2017.
In order to be eligible for this new clearing fee, the member must clear at least three Regulated Investment Exchanges, at least one MTF, have activity in at least one CSD and have an average daily volume of 125,000. The new fee is set at 0.0175p.
|
Band |
|
Fee (£) |
|||
|
RIEs |
MTFs |
CSDs |
ADV |
||
|
1 |
1 |
- |
1 |
- |
0.06 |
|
2 |
3 |
1 |
1 |
20,000 |
0.02 |
|
3 |
3 |
1 |
1 |
125,000 |
0.0175 |
|
4 |
3 |
3 |
4 |
250,000 |
0.008 |
|
5 |
3 |
3 |
4 |
400,000 |
0.007 |
|
6 |
3 |
3 |
4 |
550,000 |
0.006 |
|
7 |
3 |
3 |
4 |
650,000 |
0.005 |
|
8 |
3 |
3 |
4 |
750,000 |
0.004 |
|
9 |
3 |
3 |
4 |
1,000,000 |
0.003 |
|
10 |
3 |
3 |
4 |
1,250,000 |
0.0025 |
|
11 |
3 |
3 |
4 |
1,500,000 |
0.002 |
|
12 |
3 |
3 |
7 |
2,000,000 |
0.0018 |
|
13 |
3 |
3 |
10 |
2,500,000 |
0.0015 |
If you require further information, please contact either:
Ian Mackenzie at ian.mackenzie@lch.com: + 44 (0) 207 426 7265
Tim Beckwith at tim.beckwith@lch.com: + 44 (0) 207 426 7276