The new package rate for each Pack and Bundle strategy will replace the existing structure of charging for individual outright delivery months, and will offer customers substantial reductions. All other pricing for trading both in outright delivery months and other strategies will remain unchanged.
Pack and Bundle strategies have a wide range of uses, in particular offering an efficient alternative for hedging shorter term bonds and swaps. The new Pack and Bundle pricing structure will mean customers can enjoy the greater accuracy and flexibility offered by Packs and Bundles at much lower cost.
Amanda Sudworth, Director of Interest Rate Products, Euronext.liffe said “This new package pricing, along with planned market maker and liquidity provider programmes, will offer our customers, for the first time, cost effective access to longer term interest rates via our EURIBOR and Short Sterling contracts.”
Euronext.liffe Pricing for Packs and Bundles from 1st September 2005
| Euronext.liffe Transaction Fee (from 01/09/05) | LCH.Clearnet Clearing Charge (from 01/09/05) | Euronext.liffe and LCH.Clearnet Charge (from 01/09/05) | Saving Over Current Pricing Structure (%) | |
| White Pack | £0.82 | £0.08 | £0.90 | 20% |
| Red Pack | £0.62 | £0.08 | £0.70 | 38% |
| Green Pack | £0.42 | £0.08 | £0.50 | 55% |
| Blue Pack | £0.00 | £0.08 | £0.08 | 93% |
| Gold Pack | £0.00 | £0.08 | £0.08 | 93% |
| Two Year Bundle | £1.04 | £0.16 | £1.20 | 46% |
| Three Year Bundle | £0.96 | £0.24 | £1.20 | 64% |
| Four Year Bundle | £0.88 | £0.32 | £1.20 | 73% |
| Five Year Bundle | £0.80 | £0.40 | £1.20 | 79% |
