Technical Fees
Fees applicable in 2008Effective from 1 January 2008
The rates indicated below are expressed in euro and are subject to VAT at the applicable rate.I. Central Counterparty Webservices (eCCW)
LCH.Clearnet SA bills CCW 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.| Monthly fee | |
|---|---|
| € 200 per access |
| One off fee | |
| € 200 per card |
| Set-up fee | € 200 per order form |
network infrastructure and connection costs are not included in the fees set out above; please contact your Customer Relationship Manager for a quotation on a case-by-case basis would you prefer another connection than Internet network.
II. Other IT equipments (Members based in Portugal only)
Other equipments (CAP, MAP, router, lines…) used to access the clearing systems are billed according to the order form signed by the member.
Any changes will be quoted on a case-by-case basis. These equipments are subject to a contractual undertaking of 24 months as from the installation date. In case of termination before 24 months, the following grid will be applied on the monthly fees: 100% of remaining fees for the 1st year and 50% of remaining fees for the 2nd year.
III. IT services for clearing
A. Cash Markets:
Flat file reporting cash fees
This monthly file is sent upon members’ request on CAP/MAP and CCW on the 3rd business day of the month following the invoiced month.
| Service | Amount |
|---|---|
| Flat file | Free of charge |
Trade Leg Reconciliation File fees
A fee of €3.00 per 100 reported trade legs is charged for the Trade Leg Reconciliation file (TLRF). This fee applies to both the TC (for Clearing Members) and the TT (for Trading Members) versions of the TLRF. Trades legs from all cash equity cleared markets are reported in this file.
B. Derivative markets
Equity and Index derivative products
| Services | Amount |
|---|---|
| File Access
Flux des Opérations du Jour – OPEJ - | € 1,060 per year |
IV. Archived Production File (Cash and Derivatives)
Archived production files are files older than 5 days on the date of their request.
Any request for archived production files should be addressed to the Operations’ Department; this department will then draw up an estimate to be agreed and signed by the member before any further investigation.
| 1st file | € 1,000 |
| 2nd to 5th file | € 500 each |
| Each additional file | € 200 each |
V. Archived Finance File
Any request for archived finance files should be sent to the following e-mail address: lchclearnetsa_BILLINGINFO@lchclearnet.com.
The Finance Department will then draw up an estimate to be agreed and signed by the member before any further investigation.
For illustration purposes, any request for historical financial data will be charged €250 if the Finance team’s workload to fulfill such a demand is inferior to 1/4 of day; if the workload exceeds 1/4 day, each 1/2 day will be charged €500.
| Time spent on the request | Fee |
|---|---|
| 1/4 day | € 250 |
| 1/2 day | € 500 |
| 1 day | € 1,000 |
| Each additional 1/2 day | € 500 |