Revisions to ForexClear Tariff Structure
|
Circular No. |
LCH Circular No 4000 |
|
Date: |
20th December 2018 |
|
To: |
All ForexClear Members |
Dear ForexClear Member
Please be advised of the following changes we are making to the ForexClear tariff structure with effect from 1 January 2019.
Non-Deliverable FX Fees
|
Tariff |
Current/New |
Annual |
Monthly |
EM NDF Fee / m |
G10 NDF Fee / m |
|
Client Clearing |
Current |
na |
na |
US$ 3 (US$1.5 after $300bn cleared) |
US$ 1* |
|
New |
na |
na |
US$ 2 |
US$ 1 |
|
|
Bronze |
Current |
US$ 250,000 |
US$ 20,833 |
US$ 3 |
US$ 1* |
|
New |
US$ 350,000 |
US$ 29,166 |
US$ 2 |
US$ 1 |
|
|
Silver |
Current |
EUR 750,000 |
EUR 62,500 |
na |
na |
|
New |
GBP 825,000 |
GBP 68,750 |
na |
na |
*G10 NDF Fee holiday until 31 December 2018
Deliverable FX Fees
|
Tariff |
Current/New |
Annual |
Monthly |
FX Options Fee / m |
FX Spot/fwd hedges Fee / m |
|
2018 |
Current |
Institutions pay an annual clearing fee of either EUR 1,275,000 or EUR 1,425,000 depending on the date of joining the deliverable FX service |
|||
|
Bronze |
New |
US$ 400,000 |
US$ 33,333 |
US$ 2 |
US$ 2 |
|
Silver |
New |
GBP 885,000 |
GBP 73,750 |
na |
na |
Subject to regulatory review, the new tariff will go live and be published on the LCH website as of 1 January 2019 at the following link: https://www.lch.com/services/forexclear/fees
For further information please contact ForexClear Sales & Relationship Management:
GlobalForexClearSales@lch.com