Effective from 2 January 2013
For further information on fees, please send your request to lchclearnetsa_BILLINGINFO@lchclearnet.com.
The rates indicated below are expressed in euro and are subject to VAT at the applicable rate.
All the fees described in this fee grid are collected on the 10th open business day of the following month (monthly charged)
LCH.Clearnet SA charges a fixed fee per guaranteed posting:
0.10 per posting for any other security (other equities, bonds, ETFs, warrants ...)
LCH.Clearnet SA charges a fixed fee of 0.05 per non-guaranteed posting.
LCH.Clearnet SA charges a fixed fee of 0.10 on each take-up only.
LCH.Clearnet SAs policy is to recharge Clearing Members with settlement related costs prorata each Clearing Members settlement volume per settlement platform. Any settlement charge or fee's modification will be automatically passed on to Clearing Members.
a) For NYSE Euronext markets, Equiduct and Cassiopeia corporate bond platforms
LCH.Clearnet SA charges back:
The amounts of the settlement related costs are subject to quarterly review if needed.
The fail penalty fees are applied to Clearing Members whose transactions fail during the delivery and payment procedures.
The invoicing of penalties applies per open business day on each selling fail per ISIN code, per Delivery Account (all settlement dates aggregated) and per Clearing Member.
The fail penalty fee is made up of:
The sum of the variable parts collected is passed back to Clearing Members on a monthly basis according to the following rules:
The net difference between fail penalty fee and passing back is collected on the 10th open business day of the following month (example: 10th open business day of February for January fails).
These penalties are applied to Clearing Members whose transactions fail during the delivery and payment procedures. A fee is charged for each business day the default of cash remains unsettled: value of the fail charged at EONIA + 2%.
A fee of 150.00 is charged for each buy-in process initiated by LCH.Clearnet SA in addition to any amount due to meet the cost of purchasing the securities.
If a Member commits to delivering securities in the context of a buy-in procedure and LCH.Clearnet SA notes that this Member fails to deliver them, a penalty of 10% of the Securities "tender price" x quantity of undelivered securities will be applied to the Clearing Member that had committed to delivering the securities.
To estimate your invoice, click here Cash clearing Tariff calculator (applicable since 2 January 2013).