Updated Regulation Fees and Penalties

EuroCCP is committed to continue to provide a competitive and valuable service to its clients and the industry.  To support this, we would like to inform you that following EuroCCP’s annual pricing review, EuroCCP’s fee schedule will be amended effective from 1 May 2019 as follows:

  1. Clearing Participant Membership fee  (General and Direct) : Increase from EUR 12,000 to EUR 20,000 per annum
  2. Trading Participant Membership fee:  increase  from EUR 2,500 to EUR 3,500 per annum.
  3. Clearing fee cap: increase from  EUR 130,000 to EUR 140,000 per month.

The key drivers for our increase are set out below.

EuroCCP has incurred increased workload and additional costs because of Brexit and the contingency arrangements that we have had to put in place for our clients, specifically onboarding new EU platforms and new EU members.  There are also additional ongoing costs as a result of servicing the new EU platforms, as well as managing member flows between entities to ensure continuity of services in all Brexit scenarios.

EuroCCP continues to invest and develop its business to deliver greater efficiencies to clients.  Specifically, clearing members are able to consolidate more activity through EuroCCP as we have recently established connections to Euronext Dublin, Oslo Bors, Borsa Italiana and Morgan Stanley MTF.  The preferred clearing model on Euronext and Borsa Italiana is live and we encourage members to take full advantage of the lower clearing fees and the netting benefits available by choosing EuroCCP as their preferred CCP.  We plan to go live with connections to additional venues, including Deutsche Boerse in the coming months.

The fee increase will also cater for EuroCCP’s continuous strengthening of its risk and control framework in an ever increasingly demanding regulatory environment.

Finally, we are looking at a number of opportunities, such as additional products and service improvements to help us deliver further efficiencies for our clients.

We would like to take this opportunity to thank you for your continuous support.

Should you wish to discuss trade feed access and netting opportunities or have any questions regarding the above changes please contact EuroCCP’s Relationship Management team.

A copy of the new fee schedule can be found below.