Business Streams
Treasury Fees
Effective from 1 January 2010
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 on EURO cash assets:
| on EURO cash assets: | |
|---|---|
| NYSE Euronext Cash and Derivative transactions payments: | EONIA minus 0.25% |
| BlueNext transactions payments: | EONIA minus 0.25% |
| Luxembourg transactions payments: | EONIA minus 0.25% |
| Equiduct transactions payments: | EONIA minus 0.25% |
| SmartPool transactions payments: | EONIA minus 0.25% |
| SecFinex transactions payments: | EONIA minus 0.25% |
| Fixed Income transactions payments: | EONIA minus 0.25% |
| CDS transaction payments | EONIA minus 0.25% |
| Clearing Fund payments: | EONIA |
| on GBP cash assets: | GBP Rate minus 0.3625% |
| on USD cash assets: | USD Rate minus 0.5% |
B. Securities
LCH.Clearnet SA charges a fee of 0.10% on the amount of allocated securities collateral (No charge for Clearing 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. Treasury Archives
LCH.Clearnet SA charges a fee for de-archiving documents and files associated to Daily Cash Call and other Treasury operations older than a month according to the following grid:
| Number of pages | Fee |
|---|---|
| 1 to 25 pages | 39 euros per page |
| 26 to 50 pages | 19 euros per page |
| 51 to 100 pages | 9 euros per page |
| 101 to 300 pages | 5 euros per page |
| More than 300 pages | 1 euro per page |
IV. 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.
