(a) Eonia and Sonia futures contracts Liquidity Provider (LP) Scheme
(b) Euribor futures contract STIR Liquidity Provider ("SLP") Scheme
(c) Sterling futures contract SLP Scheme
(d) Eurodollar futures contract SLP programme
(e) Individual Liquidity Provider ("ILP") scheme
(f) New Market Participants ("NMP") scheme
(g) Asia Pacific ("AP") Scheme
London Notice No. 2824, issued 13th December 2006, details the first four schemes, while London Notice No. 2864, issued 22nd March 2007 refers to the NMP scheme.
London Notice No. 2993, issued 1 February 2008, provides details of amendments to the Sterling SLP Scheme to take effect from 1 April 2008.
London Notice No.3002, issued 13 February 2008, provides details of the renewal of the Asia Pacific Scheme to take effect from 3 March 2008.
London Notice No. 3033, issued 15 May 2008, provides details of a Liquidity Provider (Eonia/Sonia LP) Scheme Scheme in the new contracts.
London Notice No. 3068, issued 1 September 2008, provides details of the Asia Pacific ("AP") Scheme.
Eonia and Sonia futures contracts Liquidity Provider (LP) Scheme
There is a fee discount scheme, whereby registered individual trader mnemonics (ITMs) will receive a 15p rebate on the 25p Exchange transaction fee, reducing this to 10 pence per lot, per side on the one month Eonia® and Sonia and the three month Eonia Swap Index futures contracts.
We have also introduced a new Eonia inter-contract spread trading scheme, offering rebated fees on every Eonia swap index and Euribor leg of a spread trade.
Please contact your account manager for more information.
Euribor® & Sterling SLP Schemes
These are volume discount schemes, whereby Liffe approved Individual applicants can benefit from lower exchange transaction fees on proprietary business above defined volume threshold levels.
Application forms:
Exchange transaction fee calculators:
Eurodollar SLP programme
This is a fee discount programme, whereby Liffe registered individual applicants can benefit from discounted exchange transaction fees and LCH.Clearnet clearing fees.
ILP Scheme
Under this scheme registered individual applicants can benefit from lower exchange transaction fees in longer dated contract months of the Euribor®, Sterling and Euro Swiss futures contracts, that is, ("back") delivery months beyond the first year.
NB. The exchange transaction fee calculators (above) also support the ILP Scheme
NMP Scheme
The NMP scheme waives exchange fees for registered trainee traders, without prior derivatives experience for a specific period of time subject to a monthly cap.
Asia Pacific (“AP”) Scheme
This scheme offers rebated transaction fees on Euribor and Short Sterling futures for proprietary traders based in Asia and Australasia.
Please contact your account manager for more information
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