NEW MODEL FOR COLLATERAL SAFEKEEPING FEES
On December 1st 2016 Nasdaq Clearing will introduce a new model for safekeeping fees for non-cash collateral. In the new model separate fee levels will apply for non-cash collateral explicitly utilised to cover a margin requirement and for any amount of non-cash collateral exceeding the requirement for margin.
Safekeeping Fee Levels
After the introduction of the new model the fee levels will be as follows:
- The safekeeping fee for utilised non-cash collateral will be 10 basis points annualized on market value
- The safekeeping fee for excess non-cash collateral will be 0 basis points
- Clients active in Interest Rate Swap clearing can qualify for a safekeeping fee of 0 basis points for both utilised and excess collateral
For more information and further details on the calculation of collateral safekeeping fees, please contact Clearing and Collateral Management on clearing@nasdaq.com or +46 8 405 6880.
