V.1.1 January 2022

This document provides information on the specific rates for the financial products traded on the OTF, Exchange for Physical (EFP) and Total Return Swaps (TRS).

1. Exchange for Physical

Execution Type	Product	Rate	Basis	Notes
Voice	Exchange for Physical (EFP) – Main Indices	0.25bp	Notional
Voice	Exchange for Physical (EFP) – Specific sectors	0.5bp	Notional

2. Total Return Swaps

Client Type	Description
Frequent Liquidity Provider	Clients that provide prices daily and participate in the tightening of prices.
Liquidity Provider	Clients that provide prices more than 50% of the days and participate in the tightening of prices.
Frequent Liquidity Taker	Clients that provide 30% to 50% of the days prices and participate in the tightening of the prices.
Liquidity Taker	All other clients

Client Type	Product	Region/Index/Currency	Rate	Basis
Frequent Liquidity Provider	Total Return Swap	All	1.00bp	Notional (annualised)
Liquidity Provider	Total Return Swap	All	1.20bp	Notional (annualised)
Frequent Liquidity Taker	Total Return Swap	All	1.50bp	Notional (annualised)
Liquidity Taker	Total Return Swap	All	2.00bp	Notional (annualised)