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Schedule of Fees

Clearing Member

Clearing

Clearing Fees
Trades with contracts of 0-1,222 $0.045
Trades with contracts of greater than 1,222 $55.00/trade
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
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
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** $141,866,667.00 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.
** OCC would charge the Operational Loss Fee if OCC's shareholders' equity falls below $222,000,000.00 at any time or falls below $247,000,000.00 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 $272,000,000.00, OCC will charge only that amount.

OCC Capital Management Reporting

Unaudited as of September 30, 2020 Full Year Projection
in millions Fcst Bgt B(W)
Operating Income 1 $326.1 $143.2 $182.9
Average Daily Contract Volume 26.3 19.0 7.3
Liquid Net Assets Funded by Equity 2 $509.2 $272.0 $237.2
1 Operating Income represents net income before taxes
2 Liquid Net Assets Funded by Equity represents cash and cash equivalents less cash payable to the Securities and Exchange Commission for Section 31 Fees
Total Equity $593
Early Warning $272
Target Capital $247
Trigger Event $222

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 September 2020. ALL FEES ARE SUBJECT TO CHANGE.
For further information, contact Member Services at 1-800-621-6072.

 

This web site discusses exchange-traded options issued by The Options Clearing Corporation. No statement in this web site is to be construed as an endorsement, recommendation or solicitation to purchase or sell a security, or to provide investment advice. Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of the disclosure document, Characteristics and Risks of Standardized Options. Individuals should not enter into option transactions until they have read and understood this document. To obtain copies, contact your broker, any exchange on which options are traded, or The Options Clearing Corporation, 125 S. Franklin Street, Suite 1200, Chicago, IL 60606 (investorservices@theocc.com).