Technical Fees

Effective from 2 January 2012

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

I. Central Counterparty Webservices (eCCW) for Cash and Derivatives markets

LCH.Clearnet SA bills eCCW (C & D) fees monthly (collected on the 10^th open business day of the following month) as from the month following the start of the service or change implemented.

II. Central Counterparty Webservices (eCCW) for CDS market

LCH.Clearnet SA bills eCCW fees monthly (collected on the 10th open business day of the following month) as from the month following the start of the service or change implemented.

III. Web Fixed Income

LCH.Clearnet SA bills Web Fixed Income access fees monthly (collected on the 10^th open business day of the following month) as from the month following the start of the service or change implemented.

IV. Push/Pull solution for Fixed Income

LCH.Clearnet SA bills one-off charge for the following events: configuration, change and termination.

V. Connectivity and clearing gateways

These technical solutions allow access to Cash, Derivatives and CDS markets.

LCH.Clearnet SA bills connectivity and clearing gateways fees monthly (collected on the 10^th open business day of the following month); invoicing rules are described in the Access Agreement.

A. Connectivity

LCH.Clearnet SA provides network encrypted connectivity services through RadianzNet British Telecommunications plc. Such connectivity can allow users to access both LCH.Clearnet SA and LCH.Clearnet Ltd clearing services. They can be ordered through any of the CCPs.

The LCH.Clearnet SA costs hereafter apply:

Please note that:

• Unless otherwise specified, all costs indicated in the table above apply to sites located in Europe (exceptions may apply); for connections to any other location, costs can be provided on demand;
• The 4Mbps connection is a minimum prerequisite bandwidth to access both LCH.Clearnet SA and Ltd Clearing services;
• The Platinum, Gold, Silver tiers can be used for both production and test purposes;
• The Bronze tier is for Users (Clearing members and Authorised Third Party Providers (i.e. ISVs)) who require dedicated access for sole testing purpose.
• These costs apply to set up and run new connectivity to LCH.Clearnet services on existing BT Radianz connection. Changes on existing configurations (move, upgrade or downgrade of bandwidth, change of tier…) or for non connected site will be subject to specific quotations upon request to Account Managers.

B. eCCW connectivity

On an optional basis, it is possible to access eCCW services through RadianzNet British Telecommunications plc.:

Please note that:

• A maximum of five eCCW connexions can be setup on a 2Mbps access;
• The eCCW costs remain applicable (see table on previous page);
• The eCCW connection(s) via internet are setup by the Users and so are no subject to fees.

C. Clearing Gateway (LCAP)

A LCAP is a clearing gateway allowing Users to receive files and real time messages for Cash, Derivatives or CDS markets. It is installed in LCH.Clearnet premises.

 Please note that “Production” tier also relates to all back-up LCAP used for production access if any.

VI. Specific reporting services

A. Cash Markets:

Flat file reporting cash fees

This monthly file is sent upon members’ request on LCAP and eCCW on the 3^rd business day of the month following the invoiced month.

Trade Leg Reconciliation File (TLRF) 

B. Derivatives markets

Equity and Index derivative products (ie CDS excluded)

VII. Archived File

Any request for archived production files should be addressed to the clearing member's account manager (http://www.lchclearnet.com/membership/sa/crm_contacts.asp); an estimate will be drawn up; it will need to be agreed and signed by the member before any further investigation.

A. Archived Production file charges

For illustration purposes, archived production file transfer requests are charged as follows ¹: 

B. Investigation request charges

Archived file requests are charged as follows ²:

VIII. Electronic invoicing and evidences

A. Web portal for invoicing

This new ‘free of charge’ web portal service enables clients to download and retrieve invoices and related evidences earlier in time, to ease invoice processing and reconciliation and to access historical information.

B. Optional service - Automated file transmission

Besides the manual downloading on the web portal which is free of charge, clients have the possibility to automate the transfer of original invoices and associated evidence/justificatory reports by accessing our SFTP server directly. This optional service is subject to additional fees as follows:

·        Initial one-off fee to set up the connection        €500

·        Recurring monthly fee:                                   €200

As a commercial gesture, the initial subscription fee will not apply if the client subscription is received before the end of June 2012.

¹ An estimate will be done for any request

² An estimate will be done for any request

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