| LCH circular number: | 4307 |
|---|---|
| Date: | May 15, 2024 |
| To: | All RepoClear LTD and RepoClear SA Members |
Dear LCH RepoClear Clearing Member,
We would like to advise you of upcoming changes to both the LCH LTD RepoClear fees and the LCH SA RepoClear fees, with both sets of changes being effective from 1st June 2024.
LCH LTD RepoClear Fee Changes
Processing Fee Changes
LCH LTD RepoClear’s processing fee bandings will change as follows:
- Band 1 from GBP 3.10 to GBP 3.50
- Band 2 from GBP 2.80 to GBP 3.00
- Band 4 from GBP 0.50 to GBP 0.45
A comparison of the current and new (effective 1st June 2024) processing fee bands is below.
Current:
| Band | Volume | Fee | |
|---|---|---|---|
| Min | Max | ||
| Band 1 | - | 3,500 | £ 3.10 |
| Band 2 | 3,501 | 5,000 | £ 2.80 |
| Band 3 | 5,001 | 6,000 | £ 2.50 |
| Band 4 | 6,001 | - | £ 0.50 |
New (effective 1st June 2024):
| Band | Volume | Fee | |
|---|---|---|---|
| Min | Max | ||
| New Band 1 | - | 3,500 | £ 3.50 |
| New Band 2 | 3,501 | 5,000 | £ 3.00 |
| New Band 3 | 5,001 | 6,000 | £ 2.50 |
| New Band 4 | 6,001 | - | £ 0.45 |
Fail Fee Changes
The fee for a failed settlement will reduce from £45 per intended settlement to £40 per intended settlement.
Publication Of New Fee Tariffs
The new fee tariffs for LCH LTD RepoClear will be published on the LCH website on 1st June 2024 at the following link: Fees | Post Trade | LSEG.
LCH SA RepoClear Fee Changes
Processing Fee Changes
LCH SA RepoClear’s processing fee bandings will change as below:
- Band 1 from €3.20 to €3.50
- Band 2 from €2.80 to €3.00
- Band 4 from €0.50 to €0.45
A comparison of the current and new (effective 1st June 2024) processing fee bands is below.
Current:
| Band | Volume | Fee | |
|---|---|---|---|
| Min | Max | ||
| Band 1 | - | 18,000 | £ 3.20 |
| Band 2 | 18,001 | 33,000 | £ 2.80 |
| Band 3 | 33,0001 | 43,000 | £ 2.50 |
| Band 4 | 43,001 | - | £ 0.50 |
New (effective 1st June 2024):
| Band | Volume | Fee | |
|---|---|---|---|
| Min | Max | ||
| New Band 1 | - | 18,000 | £ 3.50 |
| New Band 2 | 18,001 | 33,000 | £ 3.00 |
| New Band 3 | 33,0001 | 43,000 | £ 2.50 |
| New Band 4 | 43,001 | - | £ 0.45 |
Publication of New Fee Tariffs
The new fee tariffs for LCH SA RepoClear will be published on the LCH website on 1st June 2024 at the following link: RepoClear Ltd Fees | Post Trade | LSEG.
Additional Information
Should you have any further questions, please contact securitiesclientserviceLTD@lch.com for LCH LTD RepoClear queries, or repocleargroupsales@lch.com for LCH SA RepoClear Queries