Revisions to ForexClear Fee Tariff
|
Circular No. |
LCH Circular No 3918 |
|
Service Circular No. |
ForexClear Circular No 6 |
|
Date: |
11th December 2017 |
|
To: |
All LCH ForexClear members |
ForexClear plans to change its fee tariff with effect from 1 January 2018*.
Bronze Member Fees
The fixed annual fee increasing from USD 150k to USD 250k.
The variable per million notional fee changing to $3 per million for first $300bn cleared (full details in table below).
The variable per million notional fee $0 per million for cleared volume in excess of $300bn (full details in table below).
Client Fees
The variable per million notional fee changing to $3 for first $300bn cleared (full details in table below).
The variable per million notional fee $1.5 per million for cleared volume in excess of $300bn (full details in table below).
Client and Member Fee Tables
| Bronze Member Fixed Fee (Annual) | |
|---|---|
|
Current |
$150,000 |
|
Revised (Effective 1 Jan 2018) |
$250,000 |
| Current EM | Revised EM (Effective 1 Jan 2018) | ||||||
|---|---|---|---|---|---|---|---|
|
Tier |
Total Cleared Notional in a Calendar Year |
Member Volume Fees |
Client Clearing Fees | Tier | Total Cleared Notional in a Calendar Year | Member Volume Fees | Client Clearing Fees |
| 1 | US$0bn-US$50bn | US$5.00 | US$5.00 | 1 | US$0bn-US$300bn | US$3.00 | US$3.00 |
| 2 | >US$50bn-US$150bn | US$4.00 | US$4.00 | 2 | >US$300bn | N/a | US$1.50 |
| 3 | >US$150bn-US$250bn | US$3.00 | US$3.00 | ||||
| 4 | >US$250bn | US$0.00 | US$1.50 | ||||
Please send any queries to globalforexclearsales@lch.com
Kind regards,
Sales and Relationship Management, ForexClear
*subject to regulatory approval