Updated Regulation Fees and Penalties – Effective 1 January 2020

EuroCCP is committed to providing its members with a competitive and valuable service. Most recently, EuroCCP has enabled access to Deutsche Borse and members can now benefit from access to 39 trade venues. EuroCCP continues to invest in its infrastructure with new products and services including plans for primary and secondary market clearing for ETFs, a new risk platform and service enhancements in preparation of CSDR.

In order to consolidate its position as Europe’s leading cash equities CCP,  EuroCCP has performed a review of its pricing. Effective from 1 January 2020 EuroCCP’s Regulations Fees and Penalties will be updated as described below.

EuroCCP will introduce a banded fee structure for clearing fees. The new fee structure will charge clearing members a set clearing fee per trade based on the number of active markets cleared and average daily cleared volume.

Additionally the new fee schedule provides clients with the ability to achieve greater savings through the use of Preferred Clearing.

EuroCCP already has a separate fee schedule for off order book trades and this will be updated as a response to changes in trading behaviours and the growing use of off order book trading platforms. Off order book trades will be charged on the same banded fee structure as per on order book clearing; however in addition, trades received over €50K (or equivalent) will incur a basis point charge, capped at €1mn.

Acknowledging the different risk profile of intercompany trades, trades between two entities of the same member will be charged a flat rate fee.

Following the successful implementation of trade feed access to Oslo Bors, Euronext and Borsa Italiana, the clearing fee supplements to facilitate access to these platforms will be removed. The proposed clearing fee supplement for Deutsche Börse will be reduced as a result of the fee charged from the trading venue.

Should you wish to discuss the above changes, please contact EuroCCP’s Relationship Management team.

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