Clearing Fees

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15. CLEARING FEES

Clearing Members contributing 5,000,000 USD or more to the Default Fund shall be charged 1.00 USD per million cleared through FXCH.
Clearing Members contributing 1,000,000 USD or more to the Default Fund shall be charged 2.00 USD per million cleared through FXCH.
Clearing Members not contributing to the Default Fund shall be charged 5.00 USD per million cleared through FXCH.


Clearing fees are calculated and debited from Members' accounts in USD promptly subsequent to being posted to FXCH.
If the base currency of an FX transaction is not USD, FXCH shall calculate the rate of the base currency in question in USD, according to prevailing market rates at the time that the trade is posted to FXCH for clearing.


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