Securities Lending and Borrowing Service: rates from 1 April 2023
Clearstream Banking1 hereby confirms that the Securities Lending and Borrowing rates detailed in the table below will become effective on:
1 April 2023
Clearstream Banking now charges different rates for equities and debt and charges on a per currency basis.
The End of day rate is applied once a day to those loans that are open after the End of day processing. The rate for both lenders and borrowers will be charged in EUR.
End of day rates
Where there are changes from the previous month, these are identified in bold.
Debt securities | Equities | |||
Currency | Lending | Borrowing | Lending | Borrowing |
AUD | 1.20 | 2.00 | 1.20 | 2.00 |
CAD | 2.20 | 3.00 | 2.25 | 3.05 |
CHF | 0.50 | 1.30 | 0.25 | 1.05 |
CZK | 2.20 | 3.00 | 2.70 | 3.50 |
DKK | 0.50 | 1.30 | 1.00 | 1.80 |
EUR | 1.10 | 1.90 | 1.10 | 1.90 |
GBP | 1.70 | 2.50 | 1.40 | 2.20 |
JPY | 0.50 | 1.30 | 0.25 | 1.05 |
NOK | 0.95 | 1.75 | 2.25 | 3.05 |
NZD | 1.70 | 2.50 | 1.50 | 2.30 |
SEK | 0.80 | 1.60 | 1.70 | 2.50 |
USD | 2.20 | 3.00 | 1.80 | 2.60 |
ZAR | 3.20 | 4.00 | 2.70 | 3.50 |
GCCb | 0.25 | 1.05 | 1.00 | 1.80 |
All others | 2.45 | 3.25 | 2.25 | 3.05 |
a. Fees are charged and income is paid “pro rata temporis”. Calculations are based on a 360-day year and on the market value of the securities (plus accrued interest where applicable).
b. GCC, Gulf Corporation Council, consists of five CBL-eligible currencies: AED, BHD, QAR, KWD, SAR.
Handling fees are charged in EUR. For details, please consult the Clearstream Banking Fee Schedule.
Notes:
- Recalled loan securities are subject to a penalty fee of EUR 1,250.00 if not returned on the recall expiration date. At the discretion of Clearstream Banking, further charges will be incurred on every fourth business day that the recalled loan securities are not returned after the recall expiration date.
- Lenders are paid EUR 500.00 from each penalty fee that is charged. Clearstream Banking retains EUR 750.00 from each penalty fee charged to cover their additional administration costs.
- A 50 basis-point increase in the end of day fee will apply on all loans after 5 business days. 25 of the 50 basis points in the increase will be added to lender end of day rates. This took effect from 1 December 2017.
- A Collateral Management fee of 1 basis point is charged on all collateral pledged after end of day.
Further information
For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.
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1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG (for Clearstream Banking AG customers using Creation Accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany, and registered in Register B of the Amtsgericht Frankfurt am Main, Germany, under number HRB 7500.