Revisions to RepoClear Ltd Tariff Structure
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Company Circular No: |
LCH.Clearnet Ltd Circular No 3816 |
|
Company Circular No: |
RepoClear Circular No 223 |
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Date: |
8th December 2016 |
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To: |
All RepoClear Ltd Clearing Members |
Dear RepoClear Ltd Member
Please be advised of the following changes we are making to the RepoClear tariff structure as from 1 January 2017.
Minimum Activity Charge ‘MAC’
The Minimum Activity Charge will increase from €7,500 to €8,500 per month.
Cash Bond Clearing Fee Structure
The current registration fee will increase from 0.5 to 0.750 per million nominal (see table below).
The current cash bond processing fee per trade that is applied in the currency of the transacted bond increases from €1, $1 or £1, to €1.25, $1.25 or £1.25 respectively.
|
Cash Bond Fee |
Current Fee |
New Fee |
|---|---|---|
|
Fee per million Nominal (€, £, $) |
0.5 |
0.750 |
|
Processing Fee (€, £, $) |
1.00 |
1.25 |
Repo Clearing Fee Structure
The below changes in our repo fee structure will be implemented:
- Processing fee: The following changes to processing fees will apply (see table below).
|
Repo Processing Fee |
Current Fee |
New Fee |
|---|---|---|
|
GBP Denominated Trades |
GBP2.25 |
GBP2.35 |
EURO and USD Processing Fees remain unchanged at €2.85 and $3.50 respectively.
Settlement Related Charges
RepoClear are introducing a failed settlement charge in Belgium, in line with other € markets
|
Belgian Securities |
Current Fee |
New Fee |
|---|---|---|
|
Failed settlement (per intended settlement) |
N/A |
€20 |
The new tariff will be published here as of January 1st, 2017
For further information please contact RepoClear Ltd Relationship Management:
RepoClearMembershipSales@lch.com