ICE Trade Vault Service and Pricing Schedule: Credit Asset Class

Transcription

1 ICE Trade Vault Service and Pricing Schedule: Credit Asset Class The fllwing fee structure fr ICE Trade Vault is applicable t the reprting f data in respect f swaps (as defined in the Ddd-Frank Act) ( Swaps ) in the Credit Asset Class t the ICE SDR Service: ICE Trade Vault will impse n fees n Swaps in the Credit Asset Class reprted thrugh May 31, 2013 ("Credit Fee Hliday"). The Credit Fee Hliday applies t Swaps reprted pursuant t the CFTC Regulatins set frth in 17 CFR 43, 45, and 46. After the Credit Fee Hliday expires, Repsitry Fees will be charged based n a published rate per quantity unit fr each market type in the Credit Asset Class. The Repsitry Fee rates fr the Credit Asset Class are set frth in Annex A. Repsitry Fees fr the Credit Asset Class will be assessed upn acceptance f the initial trade recrd fr a Swap by the SDR and will be charged as fllws: Cleared Swap r Cleared Optin A Repsitry Fee will be charged t the Derivatives Clearing Organizatin ( DCO ) that cleared the Swap r Optin; Uncleared/Bilateral Swap r Uncleared/Bilateral Optin A Repsitry Fee will be charged t each Participant that is a party t the Trade, except that nly the party that is nt the designated reprting party under CFTC Regulatins will be charged in the case f a vluntary supplemental reprt (as such term is used in Part 45 f the CFTC Regulatins); and On Facility Swaps executed with the Intent t Clear N Repsitry Fee will be charged t Participants that are a party t the Swap r Optin. Investment/Asset Manager/Agent Participants reprting trades where they are acting n behalf f the funds, accunts r ther principals will be charged as a single entity fr all trade sides which they are listed as the Agent, the underlying funds, accunts r ther principals will nt be charged a fee. N rebates, share f prfits, r dividends will be paid t any Participant r grup f Participants. N additinal fees will be assessed by ICE Trade Vault fr string trade data, prcessing life-cycle events, valuatins, supprting upgrades, integrating and maintaining APIs r help desk assistance. ICE Trade Vault will nly assess fees as detailed abve, and there will be n hidden fees assciated with ICE Trade Vault. All fees charged by ICE Trade Vault are unifrm, equitable and nn-discriminatry. N fees will be assessed by ICE Trade Vault fr the transfer f Swaps in the Credit Asset Class which were previusly reprted t anther SDR. Fr the avidance f dubt, any Swaps in the Credit Asset Class reprted after the transfer date will be inviced in accrdance t this Fee Schedule.

2 Service and Pricing Schedule Annex A: Repsitry Fees fr the Credit Asset Class Set frth belw are the Repsitry Fee Rates t be applied upn acceptance f an initial trade recrd in respect f Swaps in the Credit Asset Class t the ICE SDR Service: CREDIT ASSET CLASS Repsitry Fee rates fr the Credit Asset Class after the expiratin f the Credit Fee Hliday will be as fllws: Cntract Type Cleared Swap Rate Cleared Optin Rate Single name crprate & svereigns $1.13 per $1mm ntinal $1.13 per $1mm ntinal Index $0.45 per $1mm ntinal $0.45 per $1mm ntinal Cntract Type Uncleared/Bilateral Optin Uncleared/Bilateral Swap Single name crprate & svereigns $1.13 per $1mm ntinal $1.13 per $1mm ntinal Index $0.45 per $1mm ntinal $0.45 per $1mm ntinal

3 ICE Trade Vault Service and Pricing Schedule: Cmmdity, FX, and Interest Rates Asset Classes The fllwing fee structure fr ICE Trade Vault is applicable t the reprting f data in respect f swaps in the Cmmdity Asset Class t the ICE SDR Service: ICE Trade Vault will impse n fees n Swaps in the Cmmdity Asset Class reprted thrugh August 31, 2013 ("Cmmdity Fee Hliday"). The Cmmdity Fee Hliday applies t Swaps reprted pursuant t the CFTC Regulatins set frth in 17 CFR 43, 45, and 46. After the relevant Cmmdity Fee Hliday expires, Repsitry Fees will be charged based n a published rate per quantity unit fr each market type in the Cmmdity Asset Class. The Repsitry Fee rates fr the Cmmdity Asset Class are set frth in Annex B. The Repsitry Fee rates fr the FX Asset Class are set frth in Annex C. The Repsitry Fee rates fr the Interest Rates Asset Class are set frth in Annex D. Repsitry Fees fr the will be assessed upn acceptance f the initial trade recrd fr a Swap by the SDR and will be charged as fllws: Uncleared/Bilateral Swap r Uncleared/Bilateral Optin A Repsitry Fee will be charged t each Participant that is a party t the Trade, regardless f their reprting party designatin under CFTC Regulatins. Except that, in the case f a vluntary supplemental reprt (as such term is used in Part 45 f the CFTC Regulatins), nly the party submitting the vluntary supplemental reprt will be charged; On Facility Swaps executed with the Intent t Clear N Repsitry Fee will be charged t Participants that are a party t the Swap r Optin. Cleared Swap r Cleared Optin A Repsitry Fee will be charged t each Participant that is a party t the Trade, regardless f their reprting party designatin under CFTC Regulatins; and Exchange Fr Related Psitin ( EFRP ) N Repsitry Fee will be charged t Participants that are a party t the EFRP. Investment/Asset Manager/Agent Participants reprting trades where they are acting n behalf f the funds, accunts r ther principals will be charged as a single entity fr all trade sides which they are listed as the Agent, the underlying funds, accunts r ther principals will nt be charged a fee. The minimum mnthly invice per Participant will be $375 acrss all asset classes. In a given mnth, each Participant shall be inviced the greater f (i) the ttal f all Repsitry Fees incurred by Participant acrss all asset classes, r (ii) $375. The minimum mnthly invice nly applies t Participants wh have pen psitins in any asset class in the SDR. The maximum mnthly invice ( Cap ) per Participant will be $44,500 acrss all asset classes, including Cmmdities, Credit, FX, and Interest Rates. In a given mnth, n fee will be due t ICE Trade Vault abve this amunt. N rebates, share f prfits, r dividends will be paid t any Participant r grup f Participants. N additinal fees will be assessed by ICE Trade Vault fr string trade data, prcessing life-cycle events, valuatins, supprting upgrades, integrating and maintaining APIs r help desk assistance.

4 ICE Trade Vault will nly assess fees as detailed abve, and there will be n hidden fees assciated with ICE Trade Vault. All fees charged by ICE Trade Vault are unifrm, equitable and nn-discriminatry. N fees will be assessed by ICE Trade Vault fr the transfer f Swaps which were previusly reprted t anther SDR. Fr the avidance f dubt, any Swaps reprted after the transfer date will be inviced in accrdance t this Fee Schedule. A Participant has 30 days frm the time f invice t recncile and dispute any charges, after which the Participant agrees all charges crrect.

5 Service and Pricing Schedule Annex B: Repsitry Fees fr the Cmmdity Asset Class Set frth belw are the Repsitry Fee Rates t be applied upn acceptance f an initial trade recrd in respect f Swaps in the Cmmdity Asset Class t the ICE SDR Service: OTHER COMMODITY ASSET CLASS Uncleared/Bilateral Swap, Uncleared/Bilateral Optin, Cleared Swap r Cleared Optin : Market Type Quantity Unit/Ntinal Unit Rate when Cntract Type = Swap r Frward Rate when Cntract Type = Optin r Swaptin COMMODITY INDEX CAD $ $ COMMODITY INDEX EUR $ $ COMMODITY INDEX GBP $ $ COMMODITY INDEX INDEX LEVEL $ $ COMMODITY INDEX ETF LEVEL $ $ COMMODITY INDEX USD $ $ CONTINENTAL CONTINENTAL POWER CONTINENTAL CONTINENTAL POWER MWH $ $ MWH $ $ MWH $ $ MWH $ $ CALIFORNIA CARBON ALLOWANCES $ $ CAR $ $ CFI $ $ CRE $ $ CROSS STATE AIR POLLUTION RULE TR NOX ANNUAL ALLOWANCE CROSS STATE AIR POLLUTION RULE TR NOX OZONE SEASON TRADING PROGRAM ALLOWANCE CROSS STATE AIR POLLUTION RULE TR SO2 GROUP 1 ALLOWANCE $0.12 $0.18 $0.12 $0.18 $0.024 $0.036

6 CROSS STATE AIR POLLUTION RULE TR SO2 $0.024 $0.036 GROUP 2 ALLOWANCE CRT $ $ ERU $ $ EU ALLOWANCE $ $ EU CREDIT $ $ EUAA $ $ MT $ $ MWH REPRESENTING CONNECTICUT CLASS 1 $ $ RECS MWH REPRESENTING MASSACHUSETTS CLASS $ $ RECS MWH REPRESENTING NEW JERSEY CLASS 1 $ $ RECS REGIONAL GREENHOUSE GAS INITIATIVE $ $ SFI TON $ $ BU CWT $ $ KG $ $ LBS $ $ MT $0.015 $0.022 ST $ $ COAL MT $ $ COAL ST $ $ MMBTU $ $ ,000 USD $ $ BCF $ $ GJ $ $

7 BBL $ $ GAL $ $ LBS $ $ MT $ $ OIL BBL $ $ OIL GAL $ $ OIL KL $ $ OIL MT OIL CUBIC METERS $ $ POWER MW $0.015 $0.023 POWER MWH $ $ POWER KW $ $ FREIGHT CHARTER DAY $0.48 $0.71 FREIGHT MT $ $ FREIGHT WORLDSCALE POINTS $ $ METALS DMT METALS FTO $ $ METALS LBS $ $ METALS MT $ $ METALS T/O $ $ CRUDE OIL BBL $ $ CRUDE OIL CUBIC METERS $ $ CRUDE OIL GAL $ $ GJ $ $ MMBTU $ $ BBL $ $ CUBIC METERS $ $

8 GAL $ $ LBS $ $ POWER MWH $ $ REFINED PRODUCTS BBL $ $ REFINED PRODUCTS GAL $ $ UK THERMS $ $ UK MMBTU $ $ UK POWER MWH $ $ UK THERMS $ $ UK POWER MWH $ $ WEATHER INDEX POINT $0.016 $0.024 All EXOTIC Per Trade Fee $16.00 $16.00

9 Annex C: Repsitry Fees fr the FX Asset Class Set frth belw are the Repsitry Fee Rates t be applied upn acceptance f an initial trade recrd in respect f Swaps in the FX Asset Class t the ICE SDR Service: Asset Class Quantity Unit/Ntinal Unit Rate when Cntract Type = Swap r Frward Rate when Cntract Type = Optin r Swaptin FX CAD $ $ FX EUR $ $ FX GBP $ $ FX USD $ $

10 Annex D: Repsitry Fees fr the Interest Rates Asset Class Set frth belw are the Repsitry Fee Rates t be applied upn acceptance f an initial trade recrd in respect f Swaps in the Interest Rates Asset Class t the ICE SDR Service: Asset Class Swaps rate Optins/Swaptins Rate Interest Rates $1.02 per $1mm ntinal $1.53 per $1mm ntinal Interest Rates $1.08 per 1mm ntinal $1.62 per 1mm ntinal Interest Rates $1.49 per 1mm ntinal $2.24 per 1mm ntinal