Fees
Bonds
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 fee rate is annualized.
For the first year, the minimal fee of 7500 USDC/EUROe is applicable.
0 - 25 million
75.0 b.p.
52.5 b.p.
36.8 b.p.
25.7 b.p.
18.0 b.p.
25 - 50 million
65.0 b.p.
45.5 b.p.
31.9 b.p.
22.3 b.p.
15.6 b.p.
50 - 75 million
55.0 b.p.
38.5 b.p.
27.0 b.p.
18.9 b.p.
13.2 b.p.
75 - 100 million
45.0 b.p.
31.5 b.p.
22.1 b.p.
15.4 b.p.
10.8 b.p.
100+ million
35.0 b.p.
24.5 b.p.
17.2 b.p.
12.0 b.p.
8.4 b.p.
Min fee
7500 USDC/EUROe
Collateral fee
Collateral fee is applicable to secured issuances only and charged in the same way as issuance fee.
0 - 25 million
30.0 b.p.
27.0 b.p.
24.3 b.p.
21.9 b.p.
19.7 b.p.
25 - 50 million
20.0 b.p.
18.0 b.p.
16.2 b.p.
14.6 b.p.
13.1 b.p.
50 - 75 million
18.0 b.p.
16.2 b.p.
14.6 b.p.
13.1 b.p.
11.8 b.p.
75 - 100 million
10.0 b.p.
9.0 b.p.
8.1 b.p.
7.3 b.p.
6.6 b.p.
100+ million
7.0 b.p.
6.3 b.p.
5.7 b.p.
5.1 b.p.
4.6 b.p.
Min fee
5000 USDC/EUROe
Structured Products
For structured products we charge fees based on the issuance amount and the term. These fees are absolute and not annualized.
Issuance fee
0 - 500'000
25 b.p.
45 b.p.
55 b.p.
0.5 - 2 million
20 b.p.
35 b.p.
50 b.p.
2 - 5 million
15 b.p.
30 b.p.
45 b.p.
5+ million
10 b.p.
25 b.p.
40 b.p.
Min fee
250
Issuance support fee
0 - 500'000
25 b.p.
45 b.p.
55 b.p.
0.5 - 2 million
20 b.p.
35 b.p.
50 b.p.
2 - 5 million
15 b.p.
30 b.p.
45 b.p.
5+ million
10 b.p.
25 b.p.
40 b.p.
Min fee
250
Credora fee
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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