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Schedule of Fees

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 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

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  June 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.

 

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