Interest Rates

EuroCCP Interest Rates, January 2018

Currency
Base Index Rate*
Change**
Swiss Franc -0,75% -0,20%
Danish Kroner -0,45%
Euro EONIA N/A
British Pound SONIA N/A
Norwegian Krona 0,88%
Swedish Krona -0,75%
US Dollar 1,15%

* EuroCCP interest rate for cash collateral
** Change in interest rate from previous month

About EuroCCP interest rates

Clearing Participants may provide their cash Collateral in the following currencies: CHF, DKK, EUR, GBP, NOK, SEK and USD.

Credit interest will be paid by EuroCCP over the value dated balances held in the Cash Collateral Account(s).

EuroCCP will credit interest on the first business day, of the following month to the Cash Collateral Account(s), and to the Contra Account, if requested by the Clearing Participant on the Cash Collateral Account Opening Form.

Cash Collateral

EuroCCP calculate the interest compensations for cash collateral. Interest on cash is the minimum of (to be defined on daily basis):

Currency
Base Index Rate
Total collateral charges***
Swiss Franc (CHF) Base Index Rate -/- 25BP
Danish Kroner (DKK) Base Index Rate -/- 25BP
Euro EONIA (daily basis) -/- 25BP
British Pound SONIA (daily basis) -/- 25BP
Norwegian Krona (NOK) Base Index Rate -/- 25BP
Swedish Krona (SEK) Base Index Rate -/- 25BP
US Dollar (USD) Base Index Rate -/- 25BP

Clearing Fund Collateral

EuroCCP calculate the interest compensations for Clearing Fund collateral. Interest on cash is the minimum of (to be defined on daily basis):

Currency
Base Index Rate
Total collateral charges***
Swiss Franc (CHF) Base Index Rate -/- 25BP
Danish Kroner (DKK) Base Index Rate -/- 25BP
Euro EONIA (daily basis) -/- 25BP
British Pound SONIA (daily basis) -/- 25BP
Norwegian Krona (NOK) Base Index Rate -/- 25BP
Swedish Krona (SEK) Base Index Rate -/- 25BP
US Dollar (USD) Base Index Rate -/- 25BP

Interoperability Fund Collateral

EuroCCP calculate the interest compensations for Interoperability Fund collateral. Interest on cash is the minimum of (to be defined on daily basis):

Currency
Base Index Rate
Total collateral charges***
Swiss Franc (CHF) Base Index Rate -/- 25BP
Danish Kroner (DKK) Base Index Rate -/- 25BP
Euro EONIA (daily basis) -/- 25BP
British Pound SONIA (daily basis) -/- 25BP
Norwegian Krona (NOK) Base Index Rate -/- 25BP
Swedish Krona (SEK) Base Index Rate -/- 25BP
US Dollar (USD) Base Index Rate -/- 25BP

*** In line with the Regulation EuroCCP Investment Policy (REIP), EuroCCP will ensure that eligible collateral is received for cash collateral held at EuroCCP. Any Interest compensation paid will incorporate a “cost of collateral” charge. In the event that the resulting interest is negative, the cash collateral account of the Clearing Participant will be debited.