Clearing Member
|
Clearing
|
| Clearing Fees |
| Trades with contracts of 0-2,750 |
$0.02/contract |
| Trades with contracts of greater than 2,750 |
$55.00/trade |
| Linkage per side |
$0.02
*A Linkage Transaction that includes more than 2,750 contracts will be charged a flat fee of $55.00 per trade per side.
|
| Minimum Monthly Clearing Fee |
$200.00 |
| New Products |
|
| Unless otherwise agreed to by OCC and the applicable exchange, from the first day of listing through the end of the following calendar month |
$0.00 |
| Exercise Fee — per line item on exercise notice |
$1.00 |
| Membership |
| New Clearing Member Qualification Fee |
$4,000.00 |
| Stock and Market Loan Program Transaction Fees |
| Per transaction assessed against each lender and borrower |
$1.00 |
| Stock and Market Loan Program Borrower Fees |
| Monthly annualized charge on average daily notional outstanding balance |
0.4 basis point |
Ancillary Services
|
Per Month |
| TIER I |
$1,500.00 |
| ENCORE Access • MyOCC Access • Data Service - proprietary position and trade data (includes transmission to service bureau) • Report Bundle • Series File • Special Settlement File • Open Interest File • Prices File • Stock Loan File • Theoretical Profit and Loss Values • Leased line charges are additional |
|
| TIER II |
$1,000.00 |
| ENCORE Access • MyOCC Access • Data Service - proprietary position and trade data (includes transmission to service bureau) • Report Bundle • Leased line charges are additional |
|
| TIER III |
$650.00 |
| ENCORE Access • MyOCC Access |
| TIER IV (Stock Loan only) |
$300.00 |
| ENCORE Access • MyOCC Access |
| Additional Clearing Member |
No Charge |
| Leased Line Service Destinations |
Per month, per line |
| Midwest |
$1,000.00 |
| East Coast |
$1,500.00 |
| West Coast |
$2,000.00 |
Cash Management Fee
|
| Monthly annualized charge on Clearing Member's average daily cash balance in OCC's Federal Reserve bank account. |
5 basis points |
Operational Loss Fee
|
| Maximum Operational Loss Fee** |
$182,000,000.00 less the aggregate amount of Operational Loss Fees previously charged and not refunded as of the date calculated, divided by the number of Clearing Members at the time charged. |
| **After contributing the EDCP Unvested Balance, OCC would charge the Operational Loss Fee if OCC's Liquid Net Assets Funded by Equity (“LNAFBE”) falls below $246,600,000.00 at any time or falls below $274,000,000.00 for a period of 90 consecutive calendar days. If less than the maximum Operational Loss Fee is needed to return OCC's LNAFBE to $301,400,000.00, OCC will charge only that amount. |
OCC Capital Management Reporting
|
|
Unaudited as of June 30, 2024
|
Q2 2024 |
| in millions |
|
Act |
|
| Total Revenue Before Expenses |
|
$310.4 |
|
| Average Daily Contract Volume |
|
47.0 |
|
| Liquid Net Assets Funded by Equity 1 |
|
$372.1 |
|
| 1 Liquid Net Assets Funded by Equity represents cash and cash equivalents, less any approved adjustments. |
| |
| Total Equity 2 |
$758 |
| Early Warning |
$301 |
| Target Capital |
$274 |
| Trigger Event |
$247 |
| 2 Total Equity represents Shareholder's Equity, less any approved adjustments |
Clearing Member & Non-Clearing Member
|
| Publications |
| Options Disclosure Document |
$0.95 |
| OCC/ICC By-Laws and Rules |
Updates can be obtained on a subscription basis for $47.00 per year. |
Non-Clearing Member
|
| Series Information |
Per Month |
| Non-Distribution |
$1,750.00 |
| Distribution |
$3,000.00 |
| Real Time Data (in addition to fees listed above) |
$250.00 |
| Prices Information |
$3,000.00 |
| Theoretical Profit and Loss Values |
$1,000.00 |
As of October 2024. ALL FEES ARE SUBJECT TO CHANGE.
OCC may also charge state sales or use tax when due in connection with the above fees.
For further information, contact Member Services at 1-800-621-6072.