false EX-99.K.SBSEF XYZ 9876543210 9876543210 2023-01-01 2023-12-31 9876543210 1 2023-01-01 2023-12-31 9876543210 2 2023-01-01 2023-12-31 iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure

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.

List of Dues, Fees, and Other Charges for Exclusive Services

Cleared SBS Execution Fee = $1.50 per $1mm notional         

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.

Uncleared SBS Execution Fee = $1.75 per $1mm notional

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.