Client Resources

Hours & Holidays
Fees

Hours & Holidays

REGULAR HOURS
DCM & RFQ (ET) PTC (ET) Allocations (ET)
3am - 5pm 3am - 6pm 3am - 7pm

Pre-open will be 1 hour prior to the opening times listed above

HOLIDAY HOURS
Date Holiday DCM & RFQ (ET) PTC (ET) Allocations (ET)
Monday, December 26, 2016 Christmas Day (Observed US) / Boxing Day (UK) Closed Closed Closed
Tuesday, December 27, 2016 Christmas Day (Observed UK) Adjusted Hours (7:30am - 5pm) Adjusted Hours (7:30am - 6pm) Adjusted Hours (7:30am - 7pm)
Monday, January 2, 2017 New Year's Day (Observed) Closed Closed Closed
Monday, January 16, 2017 Martin Luther King Day Full Open (3am - 5pm) Full Open (3am - 6pm) Full Open (3am - 7pm)
Monday, February 20, 2017 Presidents's Day Full Open (3am - 5pm) Full Open (3am - 6pm) Full Open (3am - 7pm)
Friday, April 14, 2017 Good Friday Closed Closed Closed
Monday, April 17, 2017 Easter Monday Adjusted Hours (7:30am - 5pm) Adjusted Hours (7:30am - 6pm) Adjusted Hours (7:30am - 7pm)
Monday, May 1, 2017 May Day Adjusted Hours (7:30am - 5pm) Adjusted Hours (7:30am - 6pm) Adjusted Hours (7:30am - 7pm)
Monday, May 29, 2017 Memorial Day (US) / Spring Bank Holiday (UK) Closed Closed Closed
Tuesday, July 4, 2017 Independence Day Adjusted Hours (3am - 12pm) Adjusted Hours (3am - 12pm) Adjusted Hours (3am - 12pm)
Monday, August 28, 2017 Summer Bank Holiday Full Open (3am - 5pm) Full Open (3am - 6pm) Full Open (3am - 7pm)
Monday, September 4, 2017 Labor Day Adjusted Hours (3am - 12pm) Adjusted Hours (3am - 12pm) Adjusted Hours (3am - 12pm)
Monday, October 9, 2017 Columbus Day Full Open (3am - 5pm) Full Open (3am - 6pm) Full Open (3am - 7pm)
Thursday, November 23, 2017 Thanksgiving Day Adjusted Hours (3am - 12pm) Adjusted Hours (3am - 12pm) Adjusted Hours (3am - 12pm)
Monday, December 25, 2017 Christmas Day Closed Closed Closed
Tuesday, December 26, 2017 Boxing Day Full Open (3am - 5pm) Full Open (3am - 6pm) Full Open (3am - 7pm)
Monday, January 1, 2018 New Year's Day Closed Closed Closed

Pre-open will be 1 hour 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.