Important changes to Liv-ex terms of business
Cliquez ici pour la version Francais ‘Modification des prix de Liv-ex en Euro en 2016
In 2016 Liv-ex will be adjusting its Euro prices to reflect the weakness of the exchange rate. The Liv-ex membership fee, Vine and data services will be calculated using an exchange rate of 1.4. Prices in pound sterling will remain unchanged.
Please note that these will come into immediate effect as of 1st January 2016.
2016 prices are as follows:
Membership fee
Liv-ex membership is charged at a single flat rate of £1,500 (€2,100) per company per year with no limit on the number of users of the exchange within that company. A single flat rate of commission of 2% is charged (to both buyer and seller) on the trades that take place on the Liv-ex Fine Wine Exchange.
Commission packages
Optional commission packages are available for members who expect to trade in greater volumes.
- 1.75% for an additional £1,500 (€2,100) per annum
- 1.5% for an additional £4,000 (€6,400) per annum
- 1% for an additional £12,000 (€16,800) per annum
Settlement charge
A fixed £3.50 (€4.90) per unit charge, covering logistics costs and including the first three months of storage. This fee does not include insurance costs. Members can either take advantage of Liv-ex’s comprehensive cover, for a small additional fee, or opt out and arrange their own cover.
Prices will be updated across the Liv-ex website this week and will come into effect from 1st January 2016. If you have any questions, please contact your Exchange Manager.
