Business Streams

Treasury Fees

Effective from 1 Januray 2014

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

I. Fees on Collateral

These rates are applied on the 3rd business day of the following month.

A. Cash

LCH.Clearnet SA applies the following interest rates :

LCH.Clearnet SA applies the following interest rates on EURO cash assets:
NYSE Euronext Cash and Derivative transactions payments::EONIA minus 0.30%
Equiduct transactions payment:EONIA minus 0.30%
Equiduct transactions payment:EONIA minus 0.30%
Fixed Income transactions paymentsEONIA minus 0.175%
CDSClear transaction paymentsEONIA minus 0.30%
Default Fund paymentsEONIA
 
LCH.Clearnet SA applies the following interest rate on GBP cash assets:
Transactions payments:GBP Rate minus 0.35%
Default fund payments:GBP Rate
 
LCH.Clearnet SA applies the following interest rate on USD cash assets:
Transactions payments:USD Rate minus 0.30% 
Default fund payments:USD Rate

Notes:
GBP rate is based on Daily SONIA Rate
USD rate is based on Daily Fed Fund Effect Rate
LCH.Clearnet SA will continually review this against market conditions

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, Interbolsa15 euros
Deposited in EUROCLEAR Bank25 euros
Bonds 
Deposited in EUROCLEAR France, EUROCLEAR Belgium, NBB, Interbolsa10 euros
Deposited in EUROCLEAR Bank20 euros

III. Payment Agent Report

An added value service for the paying agent has been created; two reports are available:

 

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.

Click to view a PDF version of this information.