Effective from 2 January 2012
For further information on fees, please send your request to lchclearnetsa_BILLINGINFO@lchclearnet.com.
The rates indicated below are expressed in euro.
Clearing fees are charged on a daily basis while all other fees are monthly charged.
LCH.Clearnet SA charges a flat clearing fee of € 1.50 per contract.
LCH.Clearnet SA does not charge any fee for delivery at contract expiry date.
On D+2 (i.e. two days after the maturity Date) 05:30 PM (CET). Clearers which did not perform their delivery or payment obligations will go through the delayed delivery process and will be fined accordingly.
Clearers which enter into the delayed delivery process shall pay to LCH.Clearnet SA:
On D+3 (i.e. three days after the maturity Date) 05:30 PM (CET). Clearers which did not perform their delivery or payment obligations are deemed to be in default and will be fined accordingly. The following amounts shall be paid to LCH.Clearnet SA who will pass them on to the Clearers suffering the delay:
A fee of € 0.06 is charged per contract for both Internal and External corrections and Internal and External transfers (except transfer for restructuring see below).
The keys for fee distribution between sending Clearer and receiving Clearer are (distribution decision is made by the sending member only):
Transfer fee for restructuring
Transfers of positions resulting from the decision of an order-giver to change Clearer, a change in the accounts attributed to the order-giver or a Clearer’s closure are subject to special rates.
A fee of € 3.80 is charged per transfer. The total amount may not exceed € 300 per request and is payable by the Clearer receiving the transfer (the above keys for fee distribution do not apply here).
The creation of positions on the position account of the Clearer is subject to special rates. The positions are updated in real time on the account of the Clearer. Only LCH.Clearnet SA is authorized to use the function of positions’ creation. The fees for this operation are: