Data and Information

Clearing Fees

Fee schedule of JSCC
　The fees JSCC will charge clearing participants based on “Rules on Fees” are as follows:
1. 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.
2. Derivatives
  • Monthly fee(*2)(*3): ¥100,000(*4)
    (*2)This monthly fee is applied to clearing participants who have at least one qualification out of Individual Option Clearing Qualification, JGB Futures Clearing Qualification and Index Futures Clearing Qualification.
    (*3) For the time being, this monthly fee is not applied to clearing participants incurring clearing fee of ¥200,000 or less a month concerning derivatives transactions.
    (*4) Currently, in the process of shifting; the amount is ¥30,000 in the period from November 2009 to September 2010, and will be increased to ¥60,000 in the period from October 2010 to September 2011.
  • Clearing fee
    (1)JGB Futures
    　(a)Trading (*5): ¥49 per trading unit
    　(b)Physical Delivery: ¥132 per trading unit
    　　　(*5)including trading regarding the exercises of Options on JGB futures and the assignment of the options.

    (2)Mini-JGB Futures
    　(a)Trading: ¥5 per trading unit
    　(b)Final settlement: ¥15 per trading unit

    (3)Index Futures (exc. Dividend Index Futures)
    　(a)Trading: ¥20(*6)per trading unit
    　(b)Final settlement: ¥57(*7) per trading unit
    　　　(*6) Currently, in the process of shifting; the rate is ¥18 per contract in the period from November 2009 to September 2010.
    　　　(*7) Currently, in the process of shifting; the rate is ¥51 per contract in the period from November 2009 to September 2010.

    (4)Dividend Index Futures
    　(a)Trading: ¥10 per trading unit
    　(b)Final settlement: ¥30 per trading unit

    (5)Mini-index Futures
    　(a)Trading: ¥2 per trading unit
    　(b)Final settlement: ¥6 per trading unit

    (6)Options on JGB Futures
    　(a)Trading: ¥10 per trading unit
    　(b)Exercise of options and the assignment of the options: ¥10 per trading unit

    (7)Stock Index Options
    　(a)Trading: ¥10 per trading unit
    　(b)Exercise of options and the assignment of the options: ¥10 per trading unit

    (8) Individual Options
    　(a)Trading: ¥10 per trading unit
    　(b)Exercise of options and the assignment of the options: ¥10 per trading unit
  • Fee for Position Transfers (*8): ¥5 per contract

    (*8)This fee is applied to the clearing participant who accepts the transferred position. (In the case of non-clearing participant, this fee is applied to the designated clearing participant of such non-clearing participant).

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