Business Streams

Periodic Fees

Effective from 2 January 2013

The rates indicated below are expressed in euro and are subject to VAT at the applicable rate.

Except when specified, the following fees are applicable for all markets cleared by LCH.Clearnet SA

I. Trading or Clearing member code change/creation

A one-off fee is charged for member code change/creation; the fee amounts vary according to the following cases:

II. Use of several Trading or Clearing member codes

A monthly fee of €2,000 is charged per additional trading or clearing code (same legal entity and same market).

Notes:

III. Membership fees

A. Cash membership fee

LCH.Clearnet SA charges membership fees for clearing of Cash business. These membership fees are collected on a monthly basis (collected on the 10th open business day of the following month - no pro rata is applied).

Fee TypeMonthly fee amount

Membership fee per Clearing Member Firm (CMF) code

Monthly volume superior to 500,000€ 15,000
Monthly volume inferior to 500,000 but superior to 80,000€ 3,500
Monthly volume inferior to 80,000 € 500

Membership fee per cleared Trading Member Firm (per TMF legal entity and per CMF/TMF link)

€ 500

B. Derivative membership fee

LCH.Clearnet SA charges monthly membership fees for clearing or derivative products. Waiting for further harmonisation, such fees are still different from a location to another. These membership fees are collected on a monthly basis (collected on 10th open business day of the following month - no pro rata is applied).

Amsterdam, Brussels and Lisbon clearing segments:

Waiting for further harmonisation, no membership fee is currectly charged on these clearing segments.

Paris clearing segment:

LCH.Clearnet SA charges monthly membership fees for clearing of interest-rate derivatives, and equity/index derivatives.

Interest-ratesCommoditiesEquity/IndexAll derivatives
Monthly fee amount€ 1,250*none€ 1,250€ 2,100*

* Temporary fee holiday until further notice, only the Equity/Index monthly membership fee is effectively charged.

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