Fees

Issuance fee
We charge fees based on the volume of securities (i.e total issuance amount) that are issued through our platform. Our fees are structured on a sliding scale (see the table below), with the rate decreasing as the volume of securities increases. The first year fee is a flat rate, each subsequent one is annualized.
For the first year, the minimal fee of 6500 USDC/EUROe is applicable.
Issuance size
1st Year fee (flat rate)
2nd Year fee (p.a.)
3rd Year fee (p.a.)
4th Year fee (p.a.)
5th Year fee (p.a.)
0 - 25 million
65 b.p.
39 b.p.
23 b.p.
14 b.p.
8 b.p.
25 - 50 million
55 b.p.
33 b.p.
20 b.p.
12 b.p.
7 b.p.
50 - 75 million
50 b.p.
30 b.p.
18 b.p.
11 b.p.
6 b.p.
75 - 100 million
45 b.p.
27 b.p.
16 b.p.
10 b.p.
6 b.p.
100+ million
40 b.p. 
24 b.p.
14 b.p.
9 b.p.
5 b.p.
Min fee
6500 USDC/EUROe
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Collateral fee
Collateral fee is applicable to secured issuances only and charged in the same way as issuance fee.
Issuance size
1st Year fee (flat rate)
2nd Year fee (p.a.)
3rd Year fee (p.a.)
4th Year fee (p.a.)
5th Year fee (p.a.)
0 - 25 million
30 b.p.
18 b.p.
11 b.p.
6 b.p.
4 b.p.
25 - 50 million
25 b.p.
15 b.p.
9 b.p.
5 b.p.
3 b.p.
50 - 75 million
20 b.p.
12 b.p.
7 b.p.
4 b.p.
3 b.p.
75 - 100 million
15 b.p.
9 b.p.
5 b.p.
3 b.p.
2 b.p.
100+ million
10 b.p.
6 b.p.
4 b.p.
2 b.p.
1 b.p.
Min fee
5000 USDC/EUROe
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Credora fee
If borrowers make use of the rating service offered through Credora, charges will incur for the rating data that is provided to the marketplace. In this case, the Credora fee is 15 b.p. on an Act/360 annualized basis. 
Fee claiming process
Fees are due when claiming financing on a successful issuance and will be deducted from the issuance proceeds. You can see the indication of fees during the creation process. The final invoice is sent when the issuance succeeds. 
There are no fees incurred for unsuccessful book-building programs.
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Issuance size	1st Year fee (flat rate)	2nd Year fee (p.a.)	3rd Year fee (p.a.)	4th Year fee (p.a.)	5th Year fee (p.a.)
0 - 25 million	65 b.p.	39 b.p.	23 b.p.	14 b.p.	8 b.p.
25 - 50 million	55 b.p.	33 b.p.	20 b.p.	12 b.p.	7 b.p.
50 - 75 million	50 b.p.	30 b.p.	18 b.p.	11 b.p.	6 b.p.
75 - 100 million	45 b.p.	27 b.p.	16 b.p.	10 b.p.	6 b.p.
100+ million	40 b.p.	24 b.p.	14 b.p.	9 b.p.	5 b.p.
Min fee	6500 USDC/EUROe

Issuance size	1st Year fee (flat rate)	2nd Year fee (p.a.)	3rd Year fee (p.a.)	4th Year fee (p.a.)	5th Year fee (p.a.)
0 - 25 million	30 b.p.	18 b.p.	11 b.p.	6 b.p.	4 b.p.
25 - 50 million	25 b.p.	15 b.p.	9 b.p.	5 b.p.	3 b.p.
50 - 75 million	20 b.p.	12 b.p.	7 b.p.	4 b.p.	3 b.p.
75 - 100 million	15 b.p.	9 b.p.	5 b.p.	3 b.p.	2 b.p.
100+ million	10 b.p.	6 b.p.	4 b.p.	2 b.p.	1 b.p.
Min fee	5000 USDC/EUROe

Last modified 14d ago