SA Treasury Fees Grid - Procedure

Effective from 1 November 2016
LCH SA
TREASURY FEES
Contents:
FEES ON COLLATERAL ................................................................................................
................................
............................................................. 2
A.
Cash deposited as collateral ................................................................
..................................................................... 2
B.
Securities deposited as collateral ................................................................
.............................................................. 2
C.
Default Funds ................................................................................................
................................
............................................................ 2
D.
Central Bank Guarantee ................................................................................................
............................................ 2
COLLATERAL MANAGEMENT ................................................................................................
................................................... 2
PAYMENT AGENT REPORT ................................................................................................
................................
....................................................... 3
LCH SA 18, rue du Quatre Septembre 75002 Paris tél. +33 (0) 1 70 37 65 00 - fax. +33 (0) 1 70 37 65 01 N° TVA CEE: FR65 692032485
Banque Centrale de Compensation - Société Anonyme au capital de 113 066 860,26 € Siège social : 18, rue du Quatre Septembre - 75002 Paris - 692 032 485 RCS Paris
The rates indicated below are expressed in euro and are subject to VAT at the applicable rate.
FEES ON COLLATERAL
Fees on collateral are based on daily collateral balances placed by members at LCH SA.
Invoices are raised monthly and settlement occurs three business days after the month end. If there is a
currency bank holiday, settlement takes place on the next available business
business day.
A.
Cash deposited as collateral
LCH SA applies the following interest rates:
Currency
Unsecured overnight index
Cash Collateral Fee / Spread (bps)
CDSClear
All Markets*
Clients
EUR
EONIA
30
15
GBP
SONIA
35
20
USD
FEDFUND
30
15
* ‘All markets’ encompass CDSClear (House activity only), Listed Derivatives, Listed Commodities,
EquityClear, RepoClear and €GCPlus (House & Clients activities)
LCH SA will continually review this against market conditions.
B.
Securities deposited as collateral
LCH SA charges a fee of 10bp on the amount of allocated securities collateral (except for CDSClear
Clients which are free of charge).
).
C.
Default Funds
LCH SA charges a fee of EONIA -20bp on the amount of Default Funds.
D.
Central Bank Guarantee
LCH SA charges a fee of 10bp on the amount in Central Bank Guarantee.
COLLATERAL MANAGEMENT
LCH SA charges a fee
ee for each movement of collateral securities
ecurities depending on the type of securities
and the depository:
Equities
• Deposited in EUROCLEAR France, EUROCLEAR Belgium, Interbolsa
• Deposited in EUROCLEAR Bank
15 euros
25 euros
Bonds
• Deposited in EUROCLEAR France, EUROCLEAR Belgium, NBB, Interbolsa 10 euros
• Deposited in EUROCLEAR Bank
20 euros
LCH SA 18, rue du Quatre Septembre 75002 Paris tél. +33 (0) 1 70 37 65 00 - fax. +33 (0) 1 70 37 65 01 - N° TVA CEE: FR65 692032485
Banque Centrale de Compensation - Société
ciété Anonyme au capital de 113 066 860,26 € Siège social : 18, rue du Quatre Septembre - 75002 Paris - 692 032 485 RCS Paris
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The rates indicated below are expressed in euro and are subject to VAT at the applicable rate.
Single Pledgor Pledged Account
All fees linked to the opening and the use of a Single Pledgor Pledged
Pledged Account are re-charged
re
by
LCH SA to the Member benefiting from such account.
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:
o The entire list of its clients’ payments,
o The payment limits (for each client),
o 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
0 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:
to [email protected]
LCH SA 18, rue du Quatre Septembre 75002 Paris tél. +33 (0) 1 70 37 65 00 - fax. +33 (0) 1 70 37 65 01 - N° TVA CEE: FR65 692032485
Banque Centrale de Compensation - Société
ciété Anonyme au capital de 113 066 860,26 € Siège social : 18, rue du Quatre Septembre - 75002 Paris - 692 032 485 RCS Paris
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