The latest tariff reductions deliver:
â¢ a sizeable decrease in safekeeping fees for Eurobonds, representing a fee reduction of almost 30% over the past two years;
â¢ lower safekeeping fees for Euro-denominated domestic debt and depository receipts; and
â¢ substantial savings for transactions settled between Euroclear Bank clients in fixed-income securities, equities, warrants and depository receipts.
FrÃ©dÃ©ric Hannequart, Chairman of the Board of Euroclear Bank, commented: âThese latest tariff reductions are part of a long-term programme of sharing savings with clients as a result of economics of scale, growing business volumes and our ongoing investment programme. They are particularly well timed in helping clients reduce their costs during these difficult, present-day market conditions.â