Search Results for keywords:"clearing fees"

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Search Results: keywords:"clearing fees"

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  • 2025-02942 — Self-Regulatory Organizations; the Options Clearing Corporation; Notice of Withdrawal of a Proposed Rule Change To Update the Options Clearing Corporation's Schedule of Fees
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    Type:Notice
    Citation:90 FR 10518
    Reading Time:about a minute or two

    The Options Clearing Corporation (OCC) submitted a proposed rule change to the Securities and Exchange Commission (SEC) to adjust fees related to contracts. They wanted to increase the per contract clearing fee from $0.02 to $0.025 and remove a $55 flat fee for large transactions. This proposal was originally filed on December 19, 2024, and opened for public comment, but on February 14, 2025, the OCC decided to withdraw the proposal. The withdrawal was officially communicated by Sherry R. Haywood, the Assistant Secretary of the SEC.

    Simple Explanation

    The Options Clearing Corporation (OCC) wanted to charge a bit more money for each thing they help people trade, and stop charging a special fee for big swaps, but then they changed their mind and decided not to do it.

  • 2024-31089 — Self-Regulatory Organizations; The Options Clearing Corporation; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Update the Options Clearing Corporation's Schedule of Fees
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    Type:Notice
    Citation:89 FR 105645
    Reading Time:about 25 minutes

    The Options Clearing Corporation (OCC) has filed a proposal to increase its clearing fees with the Securities and Exchange Commission (SEC), effective January 1, 2025. This change will increase the per contract clearing fee from $0.02 to $0.025 and eliminate the $55.00 per transaction fee for larger transactions, moving to a single fee structure regardless of transaction size. The OCC aims to address anticipated financial needs due to factors like inflation and lower interest incomes while ensuring equitable and reasonable costs for its services. The fee change aligns with maintaining OCC's financial stability and regulatory compliance.

    Simple Explanation

    The Options Clearing Corporation (OCC) is like a big helper who makes sure that deals in the stock market happen smoothly. They are planning to charge a bit more money when people make deals, starting January 2025, to help them pay their bills and stay strong, even when things get more expensive or they earn less money from banks.

  • 2021-02858 — Self-Regulatory Organizations; ICE Clear Europe Limited; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to Amendments to Clearing Fees for ICE Futures Europe Three Month Swiss Average Rate Overnight (SARON®) Index Futures Contract
    Type:Notice
    Citation:86 FR 9416
    Reading Time:about 7 minutes

    ICE Clear Europe Limited submitted a rule change to the Securities and Exchange Commission (SEC) to lower the clearing fees for the ICE Futures Europe Three Month Swiss Average Rate Overnight (SARON®) Index futures contract. The reduction in fees aligns with a decrease in the contract's notional size by a factor of four, facilitating a simpler transition of Open Interest from another contract type. The new fees are planned for implementation on March 1, 2021, pending regulatory approval. The changes are intended to ensure that fees are fair and consistent with the costs of clearing services without affecting competition among market participants.

    Simple Explanation

    ICE Clear Europe Limited is planning to lower the costs for a special type of future contract by making it cheaper, like giving a discount because the size of what they're trading has become smaller.