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DTCC Data Repository (U.S.) LLC Fee Schedule - Effective OctoberJuly 1, 20162019

General Principles 

This fee schedule shall apply until such time as the Board of DTCC Data Repository (U.S.) LLC (“DDR”) shall 

determine otherwise. This fee schedule supersedes any previously issued DDR fee schedules for reporting to the 

U.S. Commodity Futures Trading Commission (“CFTC”). Terms used but not defined herein shall have the meaning 

provided in the DDR Rulebook. and/or DDR Operating Procedures. There are two types of fees, Position 

Maintenance Fees and Account Management Fees, both will be discussed in detail below. 

Position Maintenance Fees by Asset Class 

Position maintenance fees will be imposed on a party who has signed a DDR user agreement (a “User”) based on 

the aggregate number of positions across all five asset classes open on any day during the month (“Position 

Maintenance Fees”). Except as otherwise set forth for cleared transactions below, DDR charges Position 

Maintenance Fees, monthly, as follows: 

Foreign Exchange 

Position Counts 

Tier Beginning Ending Position Maintenance Fee 

Tier 1 01 1,000 $0.70 

Tier 2 1,001 5,000 $0.60 

Tier 3 5,001 10,000 $0.50 

Tier 4 10,001 50,000 $0.40 

Tier 5 50,001 100,000 $0.30 

Tier 6 100,001 150,000 $0.20 

Tier 7 150,001 500,000 $0.10 

Tier 8 500,001 + $0.05 

Other Commodities 

Position Counts 

Tier Beginning Ending Position Maintenance Fee 

Tier 1 01 100 $3.50 

Tier 2 101 1,000 $3.00 

Tier 3 1,001 5,000 $2.50 

Tier 4 5,001 10,000 $2.25 

Tier 5 10,001 20,000 $2.00 

Tier 6 20,001 + $0.00 

Credit , Equity and Interest Rates 

Position Counts 

Tier Beginning Ending Position Maintenance Fee 

Tier 1 01 100 $3.50 

Tier 2 101 1,000 $3.00 

Tier 3 1,001 5,000 $2.50 

Tier 4 5,001 10,000 $2.25 

Tier 5 10,001 50,000 $2.00 

Tier 6 50,001 200,000 $1.25 

Tier 7 200,001 500,000 $0.40 

Tier 8 500,001 + $0.10 
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The following applies to Position Maintenance Fees (altogether, the “Position Application Rules”): 

 There are no Position Maintenance Fees for less than five hundred (500) aggregate positions across asset 

classes during any month; 

 For a position count of five hundred (500) or more aggregate positions across asset classes during any 

month, which shall be determined in the aggregate for entities within the same corporate familyFamily, the 

applicable Position Maintenance Fees by asset class shall apply; and 

 Position Maintenance Fees shall be based on the position count during the month even if liquidated prior 

to month end. 

Examples of the calculation of monthly Position Maintenance Fees are set forth on Annex A, attached hereto. 

Responsibility for Position Maintenance Fees is as follows: 

1. for Cleared Positions, except as otherwise set forth below, the counterparty shall be responsible for Position 

Maintenance Fees. Effective January 1, 2017, a counterparty to a Cleared Positionand shall pay the applicable 

Position Maintenance Fees, in accordance with the tables above, less a 2550% reduction. This 

reductionReductions will be made after regular positions have been assessed for purposes of calculating tiered 

pricing. As used herein, “Cleared Position” means a position where a derivatives clearing organization, as 

such term is defined in the Commodity Exchange Act section 1(a)15 (a “Clearer”), is a counterparty; 

2. for a position submitted by a swap execution facility (“SEF”) or designated contract market (“DCM”), the 

User, who is not the SEF or DCM, for whom or on behalf of whom the trade is submitted shall be responsible 

for Position Maintenance Fees; and 

3. for all other positions submitted by, for or on behalf of a User where the submission specifies a reporting 

obligation value of CFTC, the User shall be responsible for Position Maintenance Fees. 

Account Management Fee Three (3) Year 

All account holders, excluding regulators, will be charged an annual account management fee of $1,200.00 

(“Account Management Fee”). Such Account Management Fee will be in addition to and not in place of all 

applicable Position Maintenance Fees and shall not serve to reduce in anyway the amount of such Position 

Maintenance Fees owed to DDR by the applicable account holder. 

Long-Term Commitment Incentive for Non-Clearer Users 

Users who are not Clearers (a “Non-Clearer User”) have the option to elect to enter into a three (3) yearlong-term

commitment (thewith DDR (a “Long -Term Commitment”). By electing the Long -Term Commitment, the 

applicable then current Position Maintenance Fees and Account Management Fee, as defined below (collectively, 

the “Subject Fees”), owed by the subject Non-Clearer User will be reduced by 10%, exclusive of tax, for a periodthe 

duration of three (3) years following the election (the “the Long -Term Commitment Period”).. If the Long -Term 

Commitment is improperly terminated prior to the end of the applicable Long -Term Commitment Period the NonClearer User shall be subject to an “Early Termination Fee” equal to: (a) the difference between the total amount of 

fees due after application of the Long Term Commitment incentive and the total amount of fees that would have 

been due during the applicable portion of the Long -Term Commitment Period had no incentive been provided 

(“Total Incentive Provided”); plus (b) 5% of the Total Incentive Provided or $500.00, whichever is greater. To elect 

the Long -Term Commitment, Non-Clearer Users should contact GTR_Billing@dtcc.com and, for specific billing 

inquires, Non-Clearer Users should contact GTRBillinginquiries@dtcc.com. 

Late Fee 

In the event all or any undisputed portion of a User’s invoice becomes ninety (90) days or more past due (the “Past 

Due Balance”), such User shall be subject to a late fee equal to 5% of the Past Due Balance (the “Late Fee”). The 

User will continue to be assessed the Late Fee on a monthly basis until the full amount of the Past Due Balance is 

paid. 
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Account Management Fee (Effective: January 1, 2017) 

Beginning on January 1, 2017, all account holders, excluding regulators, will be charged an annual account 

management fee of $1,200.00 (“Account Management Fee”). Such Account Management Fee will be in addition to 

and not in place of all applicable Position Maintenance Fees and shall not serve to reduce in anyway the amount of 

such Position Maintenance Fees owed to DDR by the applicable account holder. 

Clearer Position Maintenance Fees (Effective: January 1, 2017)

Notwithstanding any provisions to the contrary contained herein, beginning on January 1, 2017, the Clearer,1 in 

addition to the counterparty, shall be responsible for Position Maintenance Fees for Cleared Positions. The Clearer 

shall pay Position Maintenance Fees for Cleared Positions in accordance with the Position Application Rules and 

the tables set forth below: 

Foreign Exchange 

Position Counts 

Tier Beginning Ending Position Maintenance Fee 

Tier 1 01 1,000 $0.175 

Tier 2 1,001 5,000 $0.15 

Tier 3 5,001 10,000 $0.125 

Tier 4 10,001 50,000 $0.10 

Tier 5 50,001 100,000 $0.075 

Tier 6 100,001 150,000 $0.05 

Tier 7 150,001 500,000 $0.025 

Tier 8 500,001 + $0.0125 

Other Commodities 

Position Counts 

Tier Beginning Ending Position Maintenance Fee 

Tier 1 01 100 $0.875 

Tier 2 101 1,000 $0.75 

Tier 3 1,001 5,000 $0.625 

Tier 4 5,001 10,000 $0.5625 

Tier 5 10,001 20,000 $0.50 

Tier 6 20,001 + $0.00 

Credit , Equity and Interest Rates 

Position Counts 

Tier Beginning Ending Position Maintenance Fee 

Tier 1 01 100 $0.875 

Tier 2 101 1,000 $0.75 

Tier 3 1,001 5,000 $0.625 

Tier 4 5,001 10,000 $0.5625 

Tier 5 10,001 50,000 $0.50 

Tier 6 50,001 200,000 $0.3125 

Tier 7 200,001 500,000 $0.10 

Tier 8 500,001 + $0.025 

 

1 In the event a User holds an account that acts as both a Clearer and in an additional role, DDR shall have the right, in its sole and absolute 

discretion, to determine the applicable role for purposes of charging the User fees. Such a determination may result in the User being charged 

fee rates at the higher of the two roles. 
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Three (3) YearLong-Term Commitment Incentive for Clearers 

Clearers have the option to elect to enter into thea Long -Term Commitment. By electing the Long -Term 

Commitment, a Clearer shall receive a cap on Subject Fees, such that the maximum total amount of Subject Fees 

that may be charged to such Clearer in any calendar year shall not exceed $750,000 for the Long -Term Commitment 

Period. If the Long -Term Commitment is improperly terminated prior to the end of the applicable Long -Term 

Commitment Period the Clearer shall be subject to the Early Termination Fee. To elect the Long -Term 

Commitment, Clearers should contact GTR_Billing@dtcc.com and, for specific billing inquires, Clearers should 

contact GTRBillinginquiries@dtcc.com. 

Annex A 

Examples of calculation of monthly Position Maintenance Fees: 

1. Monday--10,000 positions; Friday in the same month--9,500 of those positions are liquidated; the 

position count for determination of the Position Maintenance Fee shall be 10,000 for the month. 

 

2. In a given month, 200 positions in FX and 200 positions in Rates; no Position Maintenance Fee will be 

charged for any position (400 position count in the month is less than the 500 position count threshold 

per month). However, the Account Management Fee discussed below will apply. 

3. In a given month, 300 positions in FX, 200 positions in Rates and 100 positions in Commodities; the 

monthly Position Maintenance Fee will be charged for each position based on charges for that asset 

class (600 positions in the month is more than the 500 position count threshold per month). 

Once the aggregate threshold of five hundred (500) or more positions is met, each of the positions are subject 

to Position Maintenance Fees based on the following three categories: 1) Foreign Exchange, 2) Other 

Commodities, and 3) Credit, Equities, and Interest Rates as applicable. Each category will apply the Position 

Maintenance Fees applicable to the aggregate positions per position for each Tier as noted below. 

Example from #3 above: In a given month, three hundred (300) positions in FX, two hundred (200) 

positions in Rates and one hundred (100) positions in Commodities for a total aggregate of six hundred 

(600) positions; the monthly Position Maintenance Fee will be charged for each position based on the asset 

class fees— three hundred (300) FX at $0.70; one hundred (100) Rates at $3.50; one hundred (100) Rates 

at $3.00; one hundred (100) Commodities at $3.50.