Interest rates

Clearing Participants may provide their cash Collateral in the following currencies: CHF, DKK, EUR, GBP, NOK, SEK and USD.

Credit interest will be paid by EuroCCP over the value dated balances held in the Cash Collateral Account(s).

EuroCCP will credit interest on the first business day, of the following month to the Cash Collateral Account(s), and to the Contra Account, if requested by the Clearing Participant on the Cash Collateral Account Opening Form.

Currently, the following Base Index Rates apply:

CURRENCYBASE INDEX RATE
Swiss Franc
-0.80%
Danish Kroner
-0.75%
Norwegian Krona
0.3750%
Swedish Krona
-0.70%
United States Dollar1.05%

EuroCCP will apply the following interest compensations:

CHF: Interest on cash is the minimum of (to be defined on daily basis):

  • Base Index Rate -/- 25bp
  • Base Index Rate -/- total collateral charges

DKK: Interest on cash is the minimum of (to be defined on daily basis):

  • Base Index Rate -/- 25bp
  • Base Index Rate -/- total collateral charges

EUR: Interest on cash is the minimum of (to be defined on daily basis):

  • EONIA -/- 25bp
  • EONIA -/- total collateral charges

GBP: Interest on cash is the minimum of (to be defined on daily basis):

  • SONIA -/- 25bp
  • SONIA -/- total collateral charges

NOK: Interest on cash is the minimum of (to be defined on daily basis):

  • Base Index Rate -/- 25bp
  • Base Index Rate -/- total collateral charges

SEK: Interest on cash is the minimum of (to be defined on daily basis):

  • Base Index Rate -/- 25bp
  • Base Index Rate -/- total collateral charges

USD: Interest on cash is the minimum of (to be defined on daily basis):

  • Base Index Rate -/- 25bp
  • Base Index Rate -/- total collateral charges

In line with the Regulation EuroCCP Investment Policy (REIP), EuroCCP will ensure that eligible collateral is received for cash collateral held at EuroCCP. Any Interest compensation paid will incorporate a "cost of collateral" charge. In the event that the resulting interest is negative, the cash collateral account of the Clearing Participant will be debited.