Clearing Fees. Correspondent agrees to pay Ridge the clearing fees and other amounts set forth in Schedule B hereto for the execution, clearing and related services to be provided under this Agreement. Schedule B is hereby incorporated in and made an integral part of this Agreement.
Clearing Fees. Correspondent agrees to pay ICS a minimum monthly fee (the “Minimum Fee”) as set forth in Schedule B for the execution, clearing and related services to be provided under this Agreement during the Initial Term (as defined herein) and any extended terms thereafter until this Agreement is terminated in accordance with Section XVIII here under. In addition to the Minimum Fee, Correspondent agrees to pay ICS the clearing fees and other amounts set forth in Schedule B hereto for the execution, clearing and related services to be provided under this Agreement (the “Clearing Fees”). Any Clearing Fees owed by Correspondent to ICS in any given month will count towards achievement of the Minimum Fee for such month and ICS shall deduct such Clearing Fees from the Minimum Fee for such month. If no time for payment is specified in Schedule B, the Minimum Fee shall be billed monthly and paid within fifteen (15) days of receipt by Correspondent of an invoice for such Minimum Fee. ICS may change the amount of the Minimum Fee, in its sole discretion, at any time on a minimum of thirty (30) days’ prior written notice to Correspondent, or from time to time as may be agreed in writing by the parties. Schedule B is hereby incorporated in and made an integral part of this Agreement. Schedule B may be amended by ICS, in its sole discretion, at any time on a minimum of thirty (30) days’ prior written notice to Correspondent, or from time to time as may be agreed in writing by the parties.
Clearing Fees. For each securities transaction in an Account we will charge you on a per ticket basis" based upon an actual number of tickets per trading day for all customers. For the purposes of this Agreement a "ticket" shall mean an order which results in a confirmation to such customer or Account. At the end of each month we will compute the actual number of tickets per trading day for such month and charge you according to the following schedule: Equity Transactions: (Clearing and Execution) Listed Securities: (Price per ticket up to 1,999 shares, thereafter plus Pass along floor brokerage.) Average # of Trades Daily Price per Ticket 0 - 150 $16.50 per ticket 151 - 200 $16.00 per ticket 201 -above $15.00 per ticket OTC Transactions Average # of Trades Daily Price per Ticket 0 - 150 $16.50 per ticket 151 - 200 $16.00 per ticket 201 -above $15.00 per ticket Fixed Income: Price per Ticket Muni Bonds $25.00 Government Bonds $25.00 Corp Bonds $25.00 Principal Trades: $6.00 per ticket Average Price Trades $3.50 per ticket Mutual Funds: (Clearing and Execution) Per ticket Fund/SERV Eligible 0-25 trades per day $22.50 26-50 " $20.00 50-75 " $18.00 (above 75 Fund/SERV trades per day, USC agrees to review rates) Non Fund/SERV Eligible $35.00 NTF (No Transaction Fee) no charge PIPS / SWAPS $5.00 Options: $11.50 per ticket, plus execution schedule below. Premium Per Contract Under $ 1.00 $0.75 $1.00 and Above $1.25
Clearing Fees. 3.11.1.1 Physical Delivery from Derivatives Positions Clearing Fee per Transaction
Clearing Fees. For FWB Transactions the basis for the calculation of clearing fees shall be per executed order, trading day, and – if assigned – version number. The calculation is therefore independent of the number of executions of the respective order and any different execution prices. The calculation basis for the clearing fees for FWB Transactions is referred to as “executed order / version” in this section. For OTC Transactions, the clearing fees are calculated per entry. No Clearing fees shall be charged for transactions in fixed income securities until further notice.
Clearing Fees. (1) The fees and their calculation outlined in this Number 10 apply to OTC Interest Rate Derivative Transactions. In general, the fees are based on the underlying notional amount (the “OTC Interest Rate Derivate Notional Amount”) and the currency of the relevant transaction. The fees charged for ZCIS differ in some respects from fees charged for all other OTC Interest Rate Derivative Transactions (IRS, OIS and FRA). This Number 10 therefore differentiates between ZCIS on the one hand and IRS, OIS and FRA on the other hand. The fees outlined in this Number 10 are levied from the Clearing Member which is Eurex Clearing AG’s counterparty with regard to the specific OTC Interest Rate Derivative Transaction. If Eurex Clearing AG’s counterparty is a Basic Clearing Member, the fees are levied from the Clearing Agent of the Basic Clearing Member.
(2) Eurex Clearing AG offers two pricing models pursuant to Number 10.2 and 10.3 for the clearing of OTC Interest Rate Derivative Transactions. The fee for post trade events pursuant to Number 10.5 shall remain unaffected. The standard pricing model pursuant to Number 10.2 (“Standard Pricing Model”) applies to IRS, OIS, FRA and ZCIS and is offered to Clearing Members (also with respect to their DC-Related Transations relating to a DC With System Access or Basic DC wID). The Standard Pricing Model consists of two different submodels, the “Standard Pricing Model A” and the “Standard Pricing Model B”. The high turnover pricing model pursuant to Number 10.3 (“High Turnover Pricing Model”) applies to IRS, OIS and FRA and can be chosen with respect to their DC- Related Transactions relating to a DC With System Access or Basic DC wID. Eurex Clearing offers a rebate scheme pursuant to Number 10.4 which is applicable to all pricing models and certain rebate schemes which apply only to specific pricing models. The following tables give an overview of the clearing fee models and rebates which apply to OTC Interest Rate Derivative Transactions in consideration of the account structure of the Clearing Members (also with respect to DC-Related Transactions relating to a DC With System Access or Basic DC wID). Model IRS, OIS, FRA ZCIS Clearing Members Basic Clearing Members DCs With System Access/Basic DCs wID Clearing Members Basic Clearing Members DC-Related Transactions relating to a DC With System Access/Basic DC wID Standard Pricing Model A Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes
Clearing Fees. CCX will promptly reimburse ICE for testing and service fees charged by the Clearinghouse in connection with the clearing and settlement of CCX Contracts and to be paid by ICE on CCX’s behalf, but in no case, shall CCX reimburse ICE more frequently than monthly.
Clearing Fees. Correspondent agrees to pay Clearing Broker the clearing fees and other amounts set forth in Schedule B hereto for the execution, clearing, settlement and related services to be provided under this Agreement. Schedule B is hereby incorporated into and made an integral part of this Agreement. Schedule B may be amended by Clearing Broker, in its sole discretion, at any time upon thirty (30) days' prior written notice to Correspondent, or from time to time as may be agreed in writing by the parties.
