Appendix (Fee Table for the Pre-Settlement Matching System)
Amended on September 24, 2024
Notice as of July 31, 2024

1. Based on Article 17, Paragraph 3 of Rules Concerning Matching of Settlement Condition, etc. for Securities Transactions, etc. (hereinafter referred to as "Rules"), fee rates prescribed by JASDEC in Article 17,
Paragraph 2 shall be stipulated as Fee Rates A and B below. Users shall pay JASDEC the total amount of fees (the sum of Base Fee, Trade Matching Fee, Settlement Matching Fee and Integrated Web Terminal Usage Fee)calculated by the choice of fee rate from either Fee Rates A or B, plus the corresponding Consumption Tax and Local Consumption Tax.
Fee Rate A
Classification
Base Fee

Assessed Party

Collection Fee Rate

(1) Persons engaged in Investment Management Business and persons
equivalent to those who are engaged in this Business (hereinafterreferred to as "Investment Managers") amoung persons who have been
approved by JASDEC to use the Pre-Settlement Matching System(hereinafter referred to as "Users") pursuant to the provisions of theRules.

50 thousand yen per month(2) Japan Securities Clearing Corporation

1.3 million yen per month(3) Users other than (1) and (2)100 thousand yen per month

Trade Matching Users in the case that the business flow of each trade is theFee"bilateral center matching" type that conducts matching of tradereport data sent by Users to each other through JASDEC.
Transactions that have completed trade matching
When securitites, etc. handled are government bonds prescribed in Article 1, Paragraph
1, Item 2 of the Law (hereinafter referred to as "JGBs"), securities prescribed in
Article 8-2 of the Business Regulations relating to Corporate Bonds, etc. (hereinafterreferred to as "Corporate Bonds"), or securities prescribed in Article 8 of the sameBusiness Regulations (hereinafter referred to as "Short Term Corporate Bonds, etc.")(hereinafter referred to as "JGBs, etc").

27 yen per transaction

When securities, etc. handled are other than JGBs, etc.
Transactions based on loan-for-consumption contracts

18 yen per transaction

Transactions other than the above

14 yen per transaction

Receipt of copy data

3 yen per transaction

Transactions that have completed trade matching(Transmission of investment instruction data, receipt of notice data of trade matchingstatus)Transactions
that have completed trade matching(Transmission of trade report data, receipt of notice data of trade matching status,
receipt of notice data of trade report affirmation status)

4 yen per transaction

When securities, etc. handled are JGBs, etc.

27 yen per transaction

The following Users (1) to (3) in the case that the business flow ofeach trade is the "tripartite center matching" type that conducts
matching of investment instruction data transmitted to JASDEC fromeither of the different multiple Users and trade report datatransmitted to JASDEC from either of the other Users.
(1) Users transmitting investment instruction data to
JASDEC(2) Users transmitting trade report data to JASDEC

When securities, etc. handled are other than JGBs, etc.

(3) Users transmitting trade report affirmation data to
JASDEC

Transactions based on loan-for-consumption contracts

18 yen per transaction

Transactions other than the above

14 yen per transaction

Transactions that have completed trade matching(Receipt of trade report data, receipt of investment instruction data, transmission of
trade report affirmation data)
When securities, etc. handled are JGBs, etc.

31 yen per transaction

When securities, etc. handled are other than JGBs, etc.
Transactions based on loan-for-consumption contracts

22 yen per transaction

Transactions other than the above

18 yen per transaction

Receipt of Investment instruction (pre-advice) data

1 yen per transaction

The following Users (1) to (3) in the case that the business flow ofeach trade is the "through" type that does not conduct matching ofinvestment instruction data transmitted to JASDEC from either of thedifferent multiple users with trade report data transmitted to JASDEC
from either of the other Users.
(1) Users transmitting investment instruction data to
JASDEC(2) Users transmitting trade report data to JASDEC

Transmission of investment instruction data

4 yen per transaction

Transactions that have completed trade matching(Transmission of trade report data, receipt of notice data of trade report affirmation
status)When securities, etc. handled are JGBs, etc.
Securities futures transactions and securities options transactions

10 yen per transaction

Transactions other than the above

23 yen per transaction

When securities, etc. handled are other than JGBs, etc.

(3) Users transmitting trade report affirmation data to
JASDEC

Transactions based on loan-for-consumption contracts

14 yen per transaction

Transactions other than the above

10 yen per transaction

Transactions that have completed trade matching(Receipt of trade report data, transmission of trade report affirmation data)
When securities, etc. handled are JGBs, etc.
Securities futures transactions and securities options transactions

10 yen per transaction

Transactions other than the above

23 yen per transaction

When securities, etc. handled are other than JGBs, etc.
Transactions based on loan-for-consumption contracts

14 yen per transaction

Transactions other than the above

10 yen per transaction

Transmission of investment instruction data

4 yen per transaction

The following Users (1) or (2) in the case that the business flow ofeach trade is the "investment instruction support unsubscribed" typein which investment instruction data are not transmitted through
JASDEC.
(1) Users transmitting trade report data to JASDEC

Transactions that have completed trade matching(Transmission of trade report data, receipt of notice data of trade report affirmation
status)When securities, etc. handled are JGBs, etc.
Securities futures transactions and securities options transactions

10 yen per transaction

Transactions other than the above

23 yen per transaction

When securities, etc. handled are other than JGBs, etc.

(2) Users transmitting trade report affirmation data to
JASDEC

Transactions based on loan-for-consumption contracts

14 yen per transaction

Transactions other than the above

10 yen per transaction

Transactions that have completed trade matching(Receipt of trade report data, transmission of trade report affirmation data)
When securities, etc. handled are JGBs, etc.
Securities futures transactions and securities options transactions

10 yen per transaction

Transactions other than the above

23 yen per transaction

When securities, etc. handled are other than JGBs, etc.
Transactions based on loan-for-consumption contracts

14 yen per transaction

Transactions other than the above

10 yen per transaction

The following Users (1) or (2) in the case that the business flow ofeach trade is the "own account" type in which investment instruction
data are not transmitted toJASDEC and Users.
(1) Users transmitting trade report data to JASDEC

Transactions that have completed trade matching(Transmission of trade report data, receipt of notice data of trade report affirmation
status)When securities, etc. handled are JGBs, etc.
Securities futures transactions and securities options transactions

10 yen per transaction

Transactions other than the above

23 yen per transaction

When securities, etc. handled are other than JGBs, etc.

(2) Users transmitting trade report affirmation data to
JASDEC

Transactions based on loan-for-consumption contracts

14 yen per transaction

Transactions other than the above

10 yen per transaction

Transactions that have completed trade matching(Receipt of trade report data, transmission of trade report affirmation data)
When securities, etc. handled are JGBs, etc.
Securities futures transactions and securities options transactions

10 yen per transaction

Transactions other than the above

23 yen per transaction

When securities, etc. handled are other than JGBs, etc.
Transactions based on loan-for-consumption contracts

14 yen per transaction

Transactions other than the above

10 yen per transaction

The following Users (1) to (4) in the case that Users transmit andreceive net asset value data,
foreign investment account data,subscription/redemption
quantity
data,
deliveryamountdata,
confirmation data of required collateral amount, investment
instruction data related to management of surplus funds through
JASDEC.
(1) Users transmitting net asset value data, foreign
investment account data, subscription/redemption
quantity data, investment instruction data related to
management of surplus funds to JASDEC

Transmission of net asset value data,
foreign investment account data,subscription/redemption quantity data, investment instruction data related to managementof surplus funds

4 yen per transaction(2) Users transmitting delivery amount data,
confirmation data of required collateral amount to
JASDEC

Transmission of delivery amount data, confirmation data of required collateral amount

10 yen per transaction(3) Users receiving net asset value data, foreign
investment account data, subscription/redemption
quantity data, investment instruction data related to
management of surplus funds from JASDEC

Receipt
of
net
asset
value
data,
foreigninvestment
account
data,
subscription/redemption quantity data, investment instruction data related to managementof surplus funds

4 yen per transaction(4) Users receiving delivery amount data, confirmation
data of required collateral amount from JASDEC

Receipt of delivery amount data, confirmation data of required collateral amount

10 yen per transaction

The following Users (1) or (2) in the case that Users transmit andreceive new issuing record data through JASDEC.
(1) Users transmitting new issuing record data to JASDEC Transactions that have completed trade matching(Transmission of new issuing record data, receipt of notice data of new issuing record
affirmation status)
When securities, etc. handled are Corporate Bonds

23 yen per transaction

When securities, etc. handled are other than Corporate Bonds

10 yen per transaction(2) Users transmitting new issuing record affirmation Transactions that have completed trade matchingdata to JASDEC(Receipt of new issuing record data, transmission of new issuing record affirmation
data)
When securities, etc. handled are Corporate Bonds

23 yen per transaction

When securities, etc. handled are other than Corporate Bonds

10 yen per transaction

Settlement
Matching Fee

Users conducting matching of settlement conditions, etc. of domestic
domestic transactions
If JASDEC prepares settlement instruction data from Transactions that have completed settlement matching
Registered Settlement Information(Use of SSI database, receipt of notice data of settlement matching status)
When securities, etc. handled are Corporate Bonds or Short Term Corporate Bonds, etc.

12 yen per transaction

When securities, etc. handled are other than Corporate Bonds and Short Term Corporate
Bonds, etc.
Transactions using automatic calculation of settlement amount function

13 yen per transaction

Transactions other than the above

10 yen per transaction

If JASDEC does not prepare settlement instruction data Transactions that have completed settlement matchingfrom Registered Settlement Information(Transmission of settlement instruction data, receipt of notice data of settlement
matching status)
When securities, etc. handled are JGBs, etc.

22 yen per transaction

When securities, etc. handled are other than JGBs, etc.
Transactions using automatic calculation of settlement amount function

24 yen per transaction

Transactions other than the above

21 yen per transaction
5 yen per transaction

Receipt of settlement instruction data (request)
Receipt of trade report data (notification)

5 yen per transaction

Receipt of new issuing record data (notification)

5 yen per transaction

Users conducting matching of settlement conditions, etc. of non- Transactions that have completed settlement matching
residents' transactions(Transmission of settlement instruction data, receipt of notice data of settlement
matching status)
When securities, etc. handled are JGBs, etc.

28 yen per transaction

When securities, etc. handled are other than JGBs, etc.
Integrated Web
Terminal Usage
Fee

Fee Rate B
Classification

All Users

Assessed Party

22 yen per transaction(1) Portion of 5 or less Business User IDs

per 1 User ID(2) Portion greater than 5 but 10 or less Business User IDs

per 1 User ID

5 thousand yen per month(3) Portion in excess of 10 Business User IDs

per 1 User ID

1 thousand yen per monthCollection Fee Rate

Base FeeAll Users

Amount derived from dividing each fee by 10 for each Classification stipulated in Fee Rate A.

Trade Matching Fee

All Users

Amount derived from multiplying each fee by 3 for each Classification stipulated in Fee Rate A.

All Users

Amount derived from dividing each fee by 10 for each Classification stipulated in Fee Rate A.

Settlement Matching Fee
Integrated Web Terminal
Usage Fee

10 thousand yen per month2. Change in the choice of fee rates shall be conducted on a monthly basis. Users shall apply to JASDEC by the 25th of the preceding month (the preceding business day if the 25th is not a business day of JASDEC) inorder to change the choice of fee rates. Unless the User applies to JASDEC for the change of fee rates by the due date, the fee rate for the following month shall not be changed and Users shall pay the sum of fees
calculated by the current fee rate plus the corresponding consumption tax and local consumption tax.
3. If the User consigns all or in part matching of settlement conditions, etc. of securities transactions, etc. to the Settlement Agent or Operation Agent, fees shall be the amount calculated by the fee rate chosen by
the entrusting User.
4. Notwithstanding the provisions of Article 17, Paragraph 2 of the Rules and Paragraph 1 of this table, in cases where (i) the User entrusts all or in part matching settlement conditions, etc. of securities
transactions, etc. to the Settlement Agent and (ii) the relevant User and relevant Settlement Agent apply in accordance with the procedures prescribed by JASDEC to the effect that the Settlement Agent will incur thepayment obligation of Base Fee, the relevant Settlement Agent alone shall incur the obligation to pay Base Fee. In this case, Base Fee to be paid by the relevant Settlement Agent based on this paragraph shall be thesame as Base Fee calculated for the relevant User by Paragraph 1 and the preceding paragraph if there is one Settlement Agent with payment obligation, and Base Fee to be paid by respective Settlement Agent based on thisparagraph shall be half of each Base Fee (omit less than 1 yen) calculated for the relevant User by Paragraph 1 and the preceding paragraph if there are two or more Settlement Agents with payment obligation.
Furthermore the payment obligation of Base Fee incurred for respective Settlement Agent shall be mututally separate and independent obligations if there are two or more Settlement Agents with payment obligation of BaseFee.

5. Notwithstanding the provisions of Article 17, Paragraph 2 of the Rules and Paragraph 1 of this table, in cases where (i) the User entrusts all or in part matching settlement conditions, etc. of securities
transactions, etc. to the Settlement Agent and (ii) the relevant User and relevant Settlement Agent apply in accordance with the procedures prescribed by JASDEC to the effect that the Settlement Agent will incur thepayment obligation of Integrated Web Terminal Usage Fee (limited to the corresponding number of Operational User IDs that the relevant Settlement Agent has registered for the relevant User), the relevant Settlement
Agent alone shall incur the obligation to pay Integrated Web Terminal Usage Fee (limited to the corresponding number of Operational User IDs that the relevant Settlement Agent has registered for the relevant User). In
this case, the Integrated Web Terminal Usage Fee to be paid by the relevant Settlement Agent based on this paragraph shall be the Integrated Web Terminal Usage Fee calculated for the number of Operational User IDs
registered for the relevant User (The number of Operational User IDs that the relevant Settlement Agent has registered for the relevant User shall be handled separately without aggregating the number of Operational User
IDs that the relevant User has registered by itself and the number of Operational User IDs that the relevant Settlement Agent has registered for itself.) by the provisions of Paragraph 1 and 3.
6. Applications to JASDEC prescribed in the preceding two paragraphs shall be submitted by the 25th of the preceding month (the preceding business day if 25th is not a business day of JASDEC) to change the obligor for
payment of Base Fee or Integrated Web Terminal Usage Fee based on the relevant application. If the application is made by the relevant due date, the Settlement Agent related to the relevant application shall pay BaseFee or Integrated Web Terminal Usage Fee from the month designated by the relevant application.

7. If the party that filed an application prescribed in Paragraphs 4 or 5 applies to the effect that the User is the obligor of Base Fee and Integrated Web Terminal Usage Fee (hereinafter referred to as "change
reapplication") in accordance with procedures prescribed by JASDEC, applications prescribed in Paragraphs 4 and 5 become invalid for the future and the relevant User shall incur the obligation to pay Base Fee or
Integrated Web Terminal Usage Fee pursuant to the provisions of Article 17, Paragraph 2 of the Rules and Paragraphs 1 and 3 of this table in accordance with the content of change reapplication. Provisions prescribed in
the preceeding paragraph apply mutatis mutandis to due dates and effective dates of change reapplication.

8. If Users start or suspend or terminate usage in the middle of the month, Base Fee and Integrated Web Terminal Usage Fee shall be the amount (omit less than 1 yen) calculated by the fee rate of choice multiplied by
the number of days of usage divided by the number of business days of JASDEC for the relevant month. Trade Matching Fee and Settlement Matching Fee shall be the amount calculated by the choice of fee rates.

9. Notwithstanding the provisions of Paragraph 1 and preceding paragraph, if the monthly total amount exceeds 100 thousand yen, Investment Managers shall pay JASDEC the cap of 100 thousand yen plus the corresponding
consumption tax and local tax for the sum of Base Fee, Trade Matching Fee and Integrated Web Terminal Usage Fee calculated by the choice of fee rates and the preceding paragraph.
10. Fees prescribed in this table for the current month shall be paid by the last business day of the following month.
11. JASDEC, when a User (refers to the relevant Settlement Agent for the relevant obligation if the Settlement Agent incurs the obligation to pay Base Fee or Integrated Web Terminal Usage Fee based upon applicationsprescribed in Paragraphs 4 and 5) fails to pay the relevant fee by the payment deadline provided for in the preceding paragraph, may collect from the said User an arrearage penalty at the rate of 0.04 yen per day foreach 100 yen of unpaid amounts.