SARON Fees
In accordance with the below schedule, Index fees will be payable by a SwapClear Clearing Member (including an FCM Clearing Member) for each new trade registered in their name, which references the SARON* index:
This fee is a straight pass through of the fees charged to LCH Ltd by SIX, the Benchmark Administrator of SARON.
| Transaction Maturity | Fee per million of notional cleared (in currency traded) |
| 0 to 2 years | 0.02 |
| 2 to 5 years | 0.04 |
| 5 to 10 years | 0.06 |
| 10 to 30 years | 0.10 |
| 30+ years | 0.16 |
The above fee will not apply to SwapClear Contracts that result from a Position Transfer or a compression run effected by the Clearing House.
The above fee will be calculated and invoiced monthly in arrears to SwapClear Clearing Members, in the currency of the trade.
*SARON is registered or pending trademarks of the SIX Index AG.
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