The other ways to remember the calculation / keep it simple in your head are:
- $150k for first $5m TEV + 1% of the balance; OR
- $200k for the first $10m TEV + 1% of the balance
In the future I could add flat % (i.e.1% & 2%) as well as Reverse Lehman options to this calculator if enough people would find it helpful – please let me know in the comment section of this post:
Dan Herr's Blog - Lehman Fee Calculator.