On June 1st 2016, Nasdaq will introduce the following updates and changes to clearing fees and rebate models for buy-side clients:
- Reduced settlement fee on clearing of Interest Rate Swap contracts
- Fee holiday regarding transaction fees on clearing of Interest Rate Swap contracts (until February 1st 2017)
- Changes to existing rebate models and introduction of a new rebate model for clearing of Repo- and OTC Rates instruments
In addition, Nasdaq will implement the following change to collateral management fees with target date December 1st 2016:
- Removal of safekeeping fee on over-collateralization
FOR MORE INFORMATION ABOUT THESE CHANGES PLEASE SEE ATTACHED PDF OR FOLLOW LINK TO LATEST NEWS: http://www.nasdaqomx.com/transactions/trading/fixedincome/fixedincome