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 |
| Stamps |
| Clearing Member Authorization Stamp |
$23.00/stamp |
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 shareholders' equity less the Minimum Corporate Contribution 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 shareholders' equity to $301,400,000.00, OCC will charge only that amount. |
OCC Capital Management Reporting
|
|
Unaudited as of March 31, 2024
|
Q1 2024 |
| in millions |
|
Act |
|
| Total Revenue Before Expenses |
|
$157.6 |
|
| Average Daily Contract Volume |
|
47.7 |
|
| Liquid Net Assets Funded by Equity 1 |
|
$70.5 |
|
| 1 Liquid Net Assets Funded by Equity represents cash and cash equivalents, less any approved adjustments. |
| |
| Total Equity 2 |
$751 |
| 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 |
| Disclosure Documents |
$0.45 |
| 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 April 2024. ALL FEES ARE SUBJECT TO CHANGE.
For further information, contact Member Services at 1-800-621-6072.