VOLUME 20 - BULLETIN #2
TO:
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ALL CLEARING MEMBERS
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FROM:
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BUSINESS SYSTEMS GROUP
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DATE:
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January 3, 2000
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SUBJECT:
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Clearing Fees
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As of Monday, January 3, 2000, the Clearing Corporation returned to its regular fee schedule. As a reminder to clearing member firms, the following fees will be in effect for transactions cleared through the Board of Trade Clearing Corporation.
Transactions
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Clearing Fee Per Contract
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Contract cleared
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5 ¢
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- includes Transfers, EFPs, Spreads, Misclears and Give-up and APS executions
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Expired option contract
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5 ¢
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Exercised and assigned option contract and adjustments
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5 ¢
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Futures from option exercise or assignment
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5 ¢
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Futures contract tendered or assigned
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10 ¢
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Clearing Fees for the Give-Up System, Average Price System (APS), Transfers and APS Series Averaging System Trades
Transactions
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Clearing Fee Per Contract
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Executing/Allocating Firm
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Claiming Firm
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Executions:
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Give-Up Trades (execution)
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5 ¢
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N/A
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APS Trades (execution)
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5 ¢
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N/A
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Trade Averaging
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APS Trades Averaged
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3 ¢
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0
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APS Series Trades Averaged
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0
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0
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Give-Up Allocations/Claims:
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'Give Up From' Trades (allocation)
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0
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N/A
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'Give-Up To' Trades (claim)
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N/A
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5 ¢
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Volume 20 - Bulletin #2
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Page 2
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APS Allocations/Claims:
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APS 'Give-Up From' Trades (allocation)
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0
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N/A
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APS 'Give-Up To' Trades (claim)
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N/A
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5 ¢
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APS Series Allocations/Claims:
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Series Allocation
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0
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N/A
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Series Claims
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APS Corrections:
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APS 'Give-Up From' Reversals (claim)
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N/A
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5 ¢
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APS 'Give-Up To' Reversals (allocation)
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0
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N/A
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APS Series Corrections:
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Series From (Rev)
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N/A
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0
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Series To (Rev)
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0
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N/A
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APS Transfer (completed on APS Transfer screens):
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APS Transfer From
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5 ¢
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N/A
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APS Transfer To
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N/A
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5 ¢
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Should you have any questions, please call or e-mail one of the following Business Systems Analysts:
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