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.

Issuance size	1st Year fee (p.a.)	2nd Year fee (p.a.)	3rd Year fee (p.a.)	4th Year fee (p.a.)	5th Year fee (p.a.)
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.

Issuance size	1st Year fee (p.a.)	2nd Year fee (p.a.)	3rd Year fee (p.a.)	4th Year fee (p.a.)	5th Year fee (p.a.)
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

Issuance size	less than 3 months	3 to 12 months	More than 12 months
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

Issuance size	less than 3 months	3 to 12 months	More than 12 months
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

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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