Schedule of Fees

Clearing Member


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
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 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   $371.9  
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
Total Equity represents Shareholder's Equity, less any approved adjustments

Clearing Member & Non-Clearing Member

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

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.


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