The following policy details the pricing of all Trade Repository Services provided by NEX Abide Trade Repository (NATR), with prices based on operating costs and all activities performed by NATR in regards to centrally collecting, validating, matching, reporting and distributing records of derivatives.
NATR’s pricing structure is based upon the following Billable Events (BE):
A new trade report filed under a new Unique Transaction Identifier (UTI);
An update to an existing trade report;
A cancellation or compression of an existing trade report; and
A valuation or collateral update to an existing trade report.
Number of billable events per annum
0 – 10,000,000
A Customer is defined as a single legal entity represented by a single LEI;
Customers are able to purchase Trade Repository Services at the published fee structure which is shown in the above table;
Where a customer utilises Trade Repository Services on behalf of any underlying legal entities (other than itself), the customer will be charged for each legal entity as if that entity were a Customer itself.
Customers will be charged for BEs as per the above table;
Each Customer shall be charged an annual membership fee of €12,000. This membership fee includes the first 2,400,000 BEs and will be billed at a monthly rate of €1,000; and
An annual cap of €200,000 applies for each Customer.
A Service Provider is defined as a third-party, not party to the derivatives contract, who delivers trade reports to NATR on behalf of the party/ies;
A Service Provider may connect to NATR and purchase Trade Repository Services on behalf of multiple underlying entities;
A Service Provider must report on behalf of 50 or more legal entities annually to qualify for the below Service Provider fee structure;
Service Providers will be charged for BEs as per the above table;
Each Service Provider shall be charged an annual membership fee of €6,000 per legal entity that submits a BE. This annual membership fee is not applied to BE; and
An annual aggregate (BE and membership fee inclusive) cap of €1,500,000 applies for each Service Provider.
The foregoing are the only charges applicable for Trade Repository Services and no existing discount structure applies to the se fees.