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Originating department:Commercial Services
Company Circular No:LCH.Clearnet Ltd Circular No 2887
Service Circular No:LCH EnClear No 339
Date:13 June 2011
To:All LCH.Clearnet EnClear Members

Introduction of further fee reductions for the EnClear OTC Clearing service for FFAs 

Dear Member

LCH.Clearnet has further reduced its fees for FFAs by introducing additional reduced tiered fee rates for monthly volumes traded by individual customers. These tiers are effective for volumes traded from June  2011.

The new tiers will be as follows:

Incremental monthly client volumesDiscounts on headline rates
0 - 2,499 lots0%
2,500 - 4,999 lots20%
5,000 - 7,499 lots30%
7,500 - 10,00 lots40%
10,000 - 15,000 lots75%
15,000 - 20,000 lots85%
Over 20,000 lots90%

We will continue to inform you at the end of every month which accounts are due a rebate based on the reduced fees charged by LCH.Clearnet. These rebates are highlighted and reflected in your monthly invoice statements

If you have any questions related to this circular, please do not hesitate to contact:

Isabella Kurek-Smith on +44 20 7426 7460 or isabella.kurek-smith@lchclearnet.com

Holly Shaw on or +44 20 7426 7027 holly.shaw@lchclearnet.com

Kind regards

Isabella Kurek-Smith
Director, Head of Energy and Freight