Treasury Fees
Fees applicable in 2008 Effective from 1 January 2008
The rates indicated below are expressed and are subject to VAT at the applicable rate.
I. Fees on Collateral
A. Cash
LCH.Clearnet SA pays the following interest rates:
| on EURO cash assets: | |
|---|---|
| Euronext Cash and Derivative transactions payments: | EONIA minus 0.13% |
| Powernext transactions payments: | EONIA minus 0.13% |
| MTS Italy and designated gateways transactions payments: | EONIA minus 0.13% |
| Clearing fund payments: | EONIA |
| on GBP cash assets: | GBP Rate minus 0.3625% |
| on USD cash assets: | USD Rate minus 0.5% |
Note: A discount rate (haircut) is applied on payments in GBP (3.5%) and USD (3%).
B. Securities
LCH.Clearnet SA charges a fee of 0.05% on the amount of allocated securities collateral (No charge for Clearing Fund).
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 new optional added value service will be 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.