To all clearing members:
Effective immediately, the fee structure for the Central Counterparty Bond Lending and Borrowing Business is revised as follows: The current real-time, transaction-by-transaction settlement of clearing fees will be replaced by a quarterly consolidated billing cycle.
On the first business day after the end of each calendar quarter, Shanghai Clearing House will automatically aggregate all accrued fees for the preceding quarter. Market participants shall remit payment proactively based on the payment notice. If the payment is not received, Shanghai Clearing House will initiate an automatic debit from the participant’s designated Central Counterparty Bond Lending and Borrowing Settlement Account on the 25th day of the first month of each subsequent quarter (postponed to the next business day in case of a public holiday).
Hereby notified.
Shanghai Clearing House
July 20, 2026
