Fee Schedule

Interest Rate Futures Fee Schedule

Fees are paid to the Designated Clearing House by the Clearing Member for the product in question. This happens at the time specified in the relevant statement issued to the Member by the Designated Clearing House.

Details of any fee incentive programs or temporary adjustments to any fees shall be notified to Members by way of a market notice and corresponding update to the Fee Schedule document (and these Web Pages). A separate clearing fee is applied to the trading fees.

All fees are charged to both counterparties.

These are detailed for all products in Appendix B of the “CurveGlobal Markets - Trading Service Description” at www.lseg.com/derivatives/document-library.

Current incentive offers

CurveGlobal Markets currently offers the following incentive schemes:

  • A Principal Trading Scheme,
  • A Designated Liquidity Provider Scheme is operated via a tender process, and
  • A pre-paid trading fee scheme which is available to all Members and their clients.

Contact the CurveGlobal team if you are interested in the Incentive schemes.

Standard Fees

Fee Type

Short Term Interest Rate Futures

Medium / Long Term Interest Rate Futures

Three month Euribor®

Three month Sterling

Three month SONIA

One month SONIA

Schatz

Bobl

Bund

Long Gilt

Trade fee

EUR
0.17 per contract

GBP
0.13 per contract

GBP
0.11 per contract

GBP
0.11 per contract

EUR
0.09 per contract

EUR
0.09 per contract

EUR
0.09 per contract

GBP
0.10 per contract

BNT* fee (including Block Trades)

LCH Clearing fee

EUR
0.07 per contract

GBP
0.07 per contract

GBP
0.07 per contract

GBP
0.07 per contract

EUR
0.07 per contract

EUR
0.07 per contract

EUR
0.07 per contract

GBP
0.07 per contract

Physical Delivery

 

 

 

 

EUR
3.00 per delivery transaction

EUR
3.00 per delivery transaction

EUR
3.00 per delivery transaction

GBP
2.75 per delivery transaction

Settlement

EUR 0.07 per lot

GBP 0.07 per lot

GBP 0.07 per lot

GBP 0.07 per lot

 

 

 

 

*   Please refer to the Bilaterally Negotiated Trade Guidance available at the CurveGlobal Markets Document Library at www.lseg.com/derivatives/document-library for definitions and further details.

 

 

Pre-Paid Fee Scheme

Pre-paid fee scheme subscribers can execute an unlimited number of lots in any CurveGlobal Markets Interest Rate derivatives product, over the period of the relevant scheme, for a fixed trading fee.

Term

One Year Scheme1

Three Year Scheme

Period

1 Jan – 31 Dec 2020

Year 1 (1 Jan – 31 Dec 2020)
Year 2 (1 Jan – 31 Dec 2021)
Year 3 (1 Jan – 31 Dec 2022)

Fee Payable

£250,000

Year 1 (£250,000)
Year 2 (£400,000)2
Year 3 (£500,000)2

Application Deadline

30 Jun 20203

30 Jun 20203

Notes:

1.        Further one year schemes are expected to be available from 2021.

2.        Year 2 and Year 3 fees can be varied, subject to notice, but will not be higher than the amounts shown.

3.         Year 1 fees will be prorated for any firm joining after 1 January 2020 up to the Application Deadline.