Business Streams
Treasury Fees
Effective from 2 January 2012
The rates indicated below are expressed and are subject to VAT at the applicable rate.
I. Fees on Collateral
These fees are debited on the 3rd business day of the following month.
A. Cash
LCH.Clearnet SA pays the following interest rates :
| LCH.Clearnet SA pays the following interest rates on EURO cash assets: | ||
| Transactions payments: | EONIA minus 0.25% | |
| Default fund payments: | EONIA | |
| LCH.Clearnet SA pays the following interest rate on GBP cash assets: | ||
| Transactions payments: | GBP Rate minus 0.3625% | |
| Default fund payments: | GBP Rate | |
| LCH.Clearnet SA pays the following interest rate on USD cash assets: | ||
| Transactions payments: | USD Rate minus 0.50% | |
| Default fund payments: | USD Rate | |
B. Securities
LCH.Clearnet SA charges a fee of 0.10% on the amount of allocated securities collateral (No charge for Default Fund).
C. Central Bank Guarantee
LCH.Clearnet SA charges a fee of 0.02% on the amount in Central Bank Guarantee.
II. Collateral Management
LCH.Clearnet SA charges a fee for each movement of collateral securities depending on the type of securities and the depository:
| Equities | |
|---|---|
| Deposited in EUROCLEAR France, EUROCLEAR Belgium, Interbolsa | 15 euros |
| Deposited in EUROCLEAR Bank | 25 euros |
| Bonds | |
| Deposited in EUROCLEAR France, EUROCLEAR Belgium, NBB, Interbolsa | 10 euros |
| Deposited in EUROCLEAR Bank | 20 euros |
III. Payment Agent Report
An added value service for the paying agent has been created; two reports are available:
First report: Net payment position document; this consolidated report provides, for a given paying agent:
- The entire list of its clients payments,
- The payment limits (for each client),
- And the difference between the payments and the limits if the latter have been exceeded.
Second report: Cash document of exceeded payment limits; this specific report focuses, for a given paying agent, on all clients that exceed their payment limit.
The subscription to this optional added value service is charged 530 per year for the two reports (it is not possible to subscribe to only one report).
For further information on this new service, please send your request to: Lchclearnetsa_treasury@lchclearnet.com.
