In an effort to provide incentives for clearing members to comply with financial reporting requirements, the Clearing Corporation has revised its administrative charge schedule to reflect the changes listed below:

Reason for Assessment	Amount/Action
Failure to submit a financial statement on due date	Warning letter
Failure to submit a financial statement within 10 business days of its due date	$250
Failure to submit a financial statement within 20 business days of its due date	an additional $500
Failure to submit a financial statement within 30 business days of its due date	an additional $1,000
Failure to submit a financial statement within 40 business days of its due date	An additional charge or sanction as determined by the Committee

Should you have any questions, please call or e-mail Chip Chong in the Risk Department at 986-3497 (chip.chong@botcc.com) or Dave Thome at 786 5702 (david.thome@botcc.com).