LCH Ltd RepoClear: 2021 fee changes

Dear LCH Ltd RepoClear Clearing Member

Please be advised of the following fee changes that will take effect on and from 01 January 2021.

• The processing fee for all sterling repo trades will change to £3.10 per trade side [from £3.00 per trade side for specific repo and £2.35 for Term £GC repo].
• The settlement fee for specific Gilt sterling repo trades will change to £3.10 per settlement [from £3.00 per settlement]. No change to Term £GC settlement fee [£5.90 per settlement].
• The fixed fail fee for specific Gilt sterling repo trades will change to £45 per intended settlement [from £40 per intended settlement]. No change to Term £GC fixed fail fee.
• The on-boarding fee for dealer members will change to £20,000 [from €15,000]. This fee will now be charged in GBP to align with LCH Ltd RepoClear being a GBP only service.

The new tariff will be published on the LCH website on 01 January 2021 at the following link: https://www.lseg.com/en/post-trade/clearing/lch-services/repoclear/repoclear-ltd/fees

For additional information or any questions, please contact: RepoClearMembershipSales@lch.com