Client Resources

Hours & Holidays
Fees

Hours & Holidays

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

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

HOLIDAY HOURS
Date Holiday DCM & RFQ (ET) PTC (ET) Allocations (ET)
Tuesday, January 1, 2019 New Year's Day Closed Closed Closed
Friday, April 19, 2019 Good Friday Closed Closed Closed
Monday, April 22, 2019 Easter Monday Adjusted Hours (7:30am - 5pm) Adjusted Hours (7:30am - 6pm) Adjusted Hours (7:30am - 6pm)
Monday, May 6, 2019 May Day (UK) Adjusted Hours (7:30am - 5pm) Adjusted Hours (7:30am - 5pm) Adjusted Hours (7:30am - 5pm)
Monday, May 27, 2019 Memorial Day (US) / Spring Bank Holiday (UK) Closed Closed Closed
Thursday, July 4, 2019 Independence Day Adjusted Hours (3am - 12pm) Adjusted Hours (3am - 12pm) Adjusted Hours (3am - 12pm)
Monday, August 26, 2019 Summer Bank Holiday Adjusted Hours (7:30am - 5pm) Adjusted Hours (7:30am - 5pm) Adjusted Hours (7:30am - 5pm)
Monday, September 2, 2019 Labor Day Adjusted Hours (3am - 12pm) Adjusted Hours (3am - 12pm) Adjusted Hours (3am - 12pm)
Thursday, November 28, 2019 Thanksgiving Day Adjusted Hours (3am - 12pm) Adjusted Hours (3am - 12pm) Adjusted Hours (3am - 12pm)
Wednesday, December 25, 2019 Christmas Day Closed Closed Closed
Thursday, December 26, 2019 Boxing Day Adjusted Hours (7:30am - 5pm) Adjusted Hours (7:30am - 5pm) Adjusted Hours (7:30am - 5pm)
Wednesday, January 1, 2020 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.