EEM Label Fee Structure
The Label is granted to each mortgage/retrofitting loan and the Label fee has three components\*:
- Initial Registration fee of EUR 5,000 payable with the registration of a new cover pool;
- Annual Label fee of EUR 4,000 where issuers will confirm/re-confirm their compliance to the EEM Label Convention, with first year fee payable with the initial registration fee; and
- An additional volume issuance fee of EUR 1 per million of new issuance uploaded on to the Label website during the previous calendar year, capped at EUR 5,000 per year, not payable on the first year of a new Label.
Label fees, determined by the Label Committee, shall be payable on a calendar year basis in euros or the equivalent thereof, free of exchange and credit card and transfer commissions, at the start of the year, except when a new covered bond programme registers after the 1st of September of the calendar year where the issuer shall pay only half the annual Label fee (VAT not included).
For those lending institutions who join before the EEMI Trento Bauhaus Week (13-16 February 2023) the initial Registration Fee for 2023 will be waived and for those who publish an HDT before the same event, the Annual Label Fee for 2023 will be reduced by 50% from EUR 4,000 to EUR 2,000.
|January 2023||January 2024|
|Already labelled lending institutions, at least one HDT published by 15 February 2023||
|Already labelled lending institutions, no HDT published before 15 February 2023||
|New lending institution joining in 2023 after 15 February 2023||
*VAT not included