Equities and BondsClearing Fee

Fee schedule of JSCC

The fees JSCC will charge clearing participants based on “Rules on Fees” , “Rules on Fees for CDS Clearing Business” and “Rules on Fees for IRS Clearing Business” are as follows:

Cash products

  • Monthly fee(*1): ¥130,000
    (*1) For the time being, this monthly fee is not applied to clearing participants incurring clearing fee of ¥260,000 or less a month concerning cash transactions
  • Clearing fee
  • (1) Securities other than bonds (bonds exclude CBs and exchangeable corporate bonds)
    • (a)Clearing value base: ¥0.000004 per clearing value of ¥1
    • (b)Contract number base:¥2.95 per contract cleared

If a monthly aggregate of clearing values regarding all clearing participants exceeds ¥40 trillion, the following discount rate will be applied to each participant

Clearing (trading) value Rate
From 1 yen to 1 trillion yen ¥0.0000040 per 1 yen
From 1 trillion yen to 3 trillion yen ¥0.0000040×0.97 per 1 yen
More than 3 trillion yen ¥0.0000040×0.95 per 1 yen
Number of contract Rate
From 1 to 500,000 contract ¥2.95 per 1 contract
From 500,000 to 1,500,000 contract ¥2.95 per ×0.97 per 1 contract
More than 1,500,000 contract ¥2.95 per ×0.95 per 1 contract
  • (2)Bonds (bonds exclude CBs and exchangeable corporate bonds)
    • (a)Clearing value base:¥0.000004 per face value of ¥1
    • (b)Contract number base: ¥2.95 per contract cleared
  • Fees for Settlement

JSCC will charge clearing participants the settlement fee for DVP eligible securities, which in turn will be paid to JASDEC as a book entry transfer fee.