ON DECEMBER 1ST 2016, NASDAQ CLEARING WILL INTRODUCE THE FOLLOWING UPDATES AND CHANGES TO CLEARING- AND COLLATERAL FEES FOR BUY-SIDE CLIENTS:
CLEARING FEES RELATED TO INTEREST RATE SWAPS
· Reduced registration fee: Registration base fee for clearing of Interest Rate Swaps will be reduced from SEK 4.00 to SEK 3.00.
· Reduced maintenance fee: Maintenance base fee for clearing of Interest Rate Swaps will be reduced from SEK 1.00 to SEK 0.50.
· Reduced fees will also be applied on DKK / EUR / NOK.
COLLATERAL MANAGEMENT FEES
· Safekeeping fees on pledged securities will be set to 0 basis points (previously 3 to 10 basis points) for clients holding positions in Interest Rate Swaps at Nasdaq Clearing, and applicable for collateral obligations for all products on the account.
· Safekeeping fee on collateral held above the actual margin requirement will be set to 0 (previously 10 basis points).
For more information about these changes, please see attached PDF or follow link to latest news:
http://www.nasdaqomx.com/transactions/trading/fixedincome/fixedincome
Or contact Nasdaq Nordic Fixed Income at fixedincomesweden@nasdaq.com
