LCH.Clearnet SA Introduces €0.05 Clearing Fees On Cash Equity Markets

LCH.Clearnet SA is revising its cash equities tariff and introducing €0.05 to trades cleared on cash equity markets from 1 January 2010.  With this latest reduction LCH.Clearnet SA offers one of the most competitive clearing services in Europe in terms of pricing, service quality and range of products cleared.

The current ad-valorem structure will be replaced by a fixed fee structure, providing customers with a simplified fee grid and an all-inclusive low clearing fee on all cash equity markets.

This new fee reduction, down to €0.05 for blue chip stocks, has been facilitated by the current implementation of a new I.T. structure, which will result in reduced operating costs, driving down the cost base and thereby enabling fee reductions.

Christophe Hémon, Chief Executive LCH.Clearnet SA, said: “This latest reduction is part of LCH.Clearnet’s on-going commitment to provide an even more competitive offering: a compelling combination of cost effective pricing, clearing expertise and a capacity to clear innovative products."