Ex. K (Dues, Fees, Other Charges) Mockup
THIS DOCUMENT IS A TECHNICAL ILLUSTRATION OF HOW CERTAIN DISCLOSURES IN SEC FILINGS ARE TO BE TAGGED. IT DOES NOT INDICATE WHICH PARTICULAR DISCLOSURES MUST BE INCLUDED AND/OR TAGGED IN COMMISSION FILINGS, AND IT DOES NOT CONSTITUTE LEGAL GUIDANCE OF ANY SORT.
For
this fee, we will execute cleared SBS. We
determined the level of this fee by reviewing the fees charged by our five closest competitors, and using the median fee.
This was done using XBRL processing of structured financial statement data.
For
this fee, we will execute uncleared SBS. We
determined the level of this fee by reviewing the fees charged by our five closest competitors, and using the 20th percentile fee.
This
was done using XBRL processing of structured financial statement data.
Notwithstanding
the above, members who have held continuous membership for a period of at least five years will receive a discount of $0.25 per $1mm notional amount on execution for cleared SBSs.
Because
we can use previous transactions as precedent, it is less costly for us to execute SBSs for longstanding members. In addition, we provide this discount because we prioritize member loyalty and
retention.