Client Resources

Hours & Holidays
Fees

Hours & Holidays

REGULAR HOURS
DCM & RFQ (ET) PTC (ET) Allocations (ET)
3am - 5pm 3am - 6pm 3am - 6pm

Pre-open will be 15 minutes prior to the opening times listed above

HOLIDAY HOURS
Date Holiday DCM & RFQ (ET) PTC (ET) Allocations (ET)
Monday, January 1, 2018 New Year's Day Closed Closed Closed
Friday, February 16, 2018 Chinese New Year Adjusted Hours (3am - 5pm) Adjusted Hours (3am - 6pm) Adjusted Hours (3am - 7pm)
Monday, February 19, 2018 Presidents's Day / Chinese New Year Adjusted Hours (3am - 5pm) Adjusted Hours (3am - 6pm) Adjusted Hours (3am - 7pm)
Friday, March 30, 2018 Good Friday Closed Closed Closed
Monday, May 28, 2018 Memorial Day (US) / Spring Bank Holiday (UK) Closed Closed Closed
Tuesday, May 29, 2018 Vesak Day Adjusted Hours (3am - 5pm) Adjusted Hours (3am - 6pm) Adjusted Hours (3am - 7pm)
Friday, June 15, 2018 Hari Raya Puasa Adjusted Hours (3am - 5pm) Adjusted Hours (3am - 6pm) Adjusted Hours (3am - 7pm)
Wednesday, July 4, 2018 Independence Day Adjusted Hours (10pm - 12pm) Adjusted Hours (10pm - 12pm) Adjusted Hours (10pm - 12pm)
Monday, August 27, 2018 Summer Bank Holiday Adjusted Hours (7:30am - 5pm) Adjusted Hours (7:30am - 6pm) Adjusted Hours (7:30am - 6pm)
Monday, September 3, 2018 Labor Day Adjusted Hours (3am - 12pm) Adjusted Hours (3am - 12pm) Adjusted Hours (3am - 12pm)
Thursday, November 22, 2018 Thanksgiving Day Adjusted Hours (3am - 12pm) Adjusted Hours (3am - 12pm) Adjusted Hours (3am - 12pm)
Tuesday, December 25, 2018 Christmas Day Closed Closed Closed
Wednesday, December 26, 2018 Boxing Day Adjusted Hours (7:30am - 5pm) Adjusted Hours (7:30am - 6pm) Adjusted Hours (7:30am - 6pm)
Tuesday, January 1, 2019 New Year's Day Closed Closed Closed

Pre-open will be 15 minutes prior to the opening times listed above

Fees

EXECUTION FEES
DCM Fee Schedule
Execution Method Product Execution Fee*
DCM CLOB Outright Swap $1.00 per million of notional, per year of swap maturity
DCM CLOB Swap Curve Switch $1.00 per million of long leg notional, per year of maturity difference between the two legs
DCM Block Outright Swap $100.00 per block trade that is affirmed

* All fees are in United States Dollars

DCM Fee Examples

DCM CLOB Outright Swap: Fee = Tenor x Execution Fee x Notional
e.g., For a 5 year, $100 million Outright, Fee = $500

DCM CLOB Swap Curve Switch: Fee = Maturity Gap x Execution Fee x Notional of the Long Leg
e.g., For a 5 year ($187M notional) by 10 year ($100M notional) Switch: Fee = (10 - 5) x Execution Fee x Notional of the 10-year Leg. Fee = $500

DCM Block Outright Swap: Fee = $100
e.g., For a 7 year, $200 million Outright, Fee = $100

CLEARING FEES

For additional detail on clearing fees, visit CME and LCH.Clearnet Ltd.