Lending and Borrowing fees
Brussels segment only
Fees applicable in 2008 Effective from 1 January 2008
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.
1. Fees in favour of the lender (lending fees)
Flat rate: 100 € per loan
Variable: Q x DCSP x 0.025 / 360
Q = number of securities lent
DCSP = Daily Closing Settlement Price
2. Fees at the expense of the borrower (borrowing fees and service fees)
The fees at the expense of the borrower are limited to:
€110 + 3.5% / 360
or
€110 + 0.97 basis points
Hereafter a more specific approach:
a) Borrowing fees
€100 x number of lendings per month / number of borrowings per month
Anyway these fees are limited to € 100 per borrowing.
Variable: Q x DCSP x 0.025 / 360
Q = number of securities borrowed
DCSP = Daily Closing Settlement Price
b) Service Fees
Flat rate: €10 per borrowing
Variable: Q x DCSP x 0.010 / 360
Q = Quantity borrowed
DCSP = Daily Closing Settlement Price