Revisions to RepoClear Ltd Tariff Structure

Dear RepoClear Ltd Member

Further to our previous Member Notification – Circular No 3954 on 1 June 2018, please be advised of the following changes in respect of Belgian securities where failed settlement charges will now increase to €140 per intended settlement. These charges follow National Bank of Belgium’s introduction of a ‘fails fine’ where LCH fail to settle on the intended settlement date.

See below a reminder of all the adjusted failed settlement charges we are making to the RepoClear Ltd tariff structure as from 1 July, 2018.

Specific Collateral Failed Settlement Charges

For each business day a member fails to deliver bonds to LCH Ltd RepoClear, the following increased charges will apply:

• Belgian securities: €140 per intended settlement from €20 per intended settlement
• UK Gilts: £35 per intended settlement from £3.75 per intended settlement
• All other securities: €40 or $47 per intended settlement from €20 or $20 per intended settlement

The new tariff will be published on LCH website as of 1 July, 2018 at the following link: https://www.lch.com/services/repoclear/repoclear-ltd/fees

For further information, please contact RepoClear Ltd Relationship Management: RepoClearMembershipSales@lch.com