| LCH circular number: | 4178 |
| Date: | October 21, 2021 |
| To: | All LCH Ltd EquityClear Clearing Members |
Dear LCH Ltd EquityClear Clearing Member
Further to our recent announcement of 15 October 2021, advising members of a fee reduction.
We are pleased to advise members of another fee reduction to the clearing fee schedule effective 1 November 2021, as follows:
The current EquityClear clearing fee structure incorporates 11 bands, as shown below.
| Band | ADV | Fee (£) per on-Venue Trade |
| 1 | 0.06 | |
| 2 | ≥ 20,000 | 0.03 |
| 3 | ≥ 125,000 | 0.0175 |
| 4 | ≥ 250,000 | 0.011 |
| 5 | ≥ 400,000 | 0.0075 |
| 6 | ≥ 500,000 | 0.005 |
| 7 | ≥ 750,000 | 0.0045 |
| 8 | ≥ 1,000,000 | 0.0035 |
| 9 | ≥ 1,500,000 | 0.00335 |
| 10 | ≥ 2,500,000 | 0.00275 |
| 11 | ≥ 2,500,000 | 0.00225 |
The changes are to the threshold for entry to Band 8 (which will be reduced to ≥ 925,000) and to the fees for both Band 8 and Band 9, which will be reduced to £0.00325 and £0.003125, respectively
| Band | ADV | Fee (£) per on-Venue Trade |
| 7 | ≥ 750,000 | 0.0045 |
| 8 | ≥ 1,000,000 to 925,000 | 0.0035 to 0.00325 |
| 9 | ≥ 1,500,000 | 0.00335 to 0.003125 |
| 10 | ≥ 2,500,000 | 0.00275 |
The fee changes will be effective 01 November 2021 and will be updated at the following link: https://www.lseg.com/en/post-trade/clearing/lch-services/equityclear/equityclear-ltd/fees
If you have any questions or need more information, please contact the Securities Client Services Team at: securitiesclientserviceLTD@lch.com
Yours sincerely,
Alex Krunic
Head of Equities, LCH Limited