SIS x-clear cuts clearing fees
12 February 2004 | 2919 views | 0
Swiss central counterparty SIS x-clear is to cut clearing fees by 25% during 2004.
The initiative follows the reduction of risk management fees by between 10% and 25% since the start of the year, and is likely to spark a renewed price war among competing cross-border CCPs.
The extent of the fee reduction is determined by individual client ratings.