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Interest Rate SwapClearing Fee

1.Base Fee

JPY 5.2 mil per month

2.Clearing Fee related to JPY IRS Transactions

Shareholder Clearing Participants (Class C Shareholders)

a.New Clearing Fee (a) Up to (and including) 2,000th Cleared Contract in FY
JPY 5,000 per Cleared Contract
(b) From 2,001st and up to (and including) 10,000th Cleared Contract in FY
JPY 1,000 Cleared Contract
(c) From 10,001st Cleared Contract in FY
JPY 400 per Cleared Contract
b.Outstanding Cleared Trade Fee (a) Up to (and including) 8,000th Cleared Contract
JPY 450 per Cleared Contract
(b) From 8,001st and up to (and including) 40,000th Cleared Contract
JPY 100 per Cleared Contract
(c) From 40,001st Cleared Contract
JPY 35 per Cleared Contract

Note) The fee structure applicable to Class C Shareholders shall also apply to the Clearing Participant(s) in the same corporate group as the Class C Shareholder (i.e., the class shareholder related to IRS Clearing Business).

Note) Following cap shall apply to Base Fee and Clearing Fee related to JPY Cleared Contracts applicable to the shareholder Clearing Participants (Class C Shareholders):

a.Cap for Proprietary Trading Sum of Base Fee and Clearing Fee for JPY Cleared Contracts will not be more than JPY 102.4mil
b.Cap for Affiliate Trading Sum of Clearing Fee for JPY Cleared Contracts per Customer Account will not be more than JPY 40 mil

Non-Shareholder (Class C Shareholder) Clearing Participant

a.New Clearing Fee JPY 8,000 per Cleared Contract
b.Outstanding Cleared Trade Fee JPY 700 per Cleared Contract

3.Compression Fee

a.Per Trade Compression
Vendor-Initiated Compression
JPY 1,200 per trade
b.Blended Rates Compression JPY 2,400 per trade
c.Member-Initiated Compression JPY 2,400 per trade
However, minimum charge of JPY5mil shall apply.
d.JSCC-Initiated Compression As to the number of trades obtained by subtracting the number of the new trades from the number of the trades terminated ( "Trade Count subject to JSCCIC Fee"), the amount per trade of Trade Count subject to JSCCIC Fee determined according to the aggregate Trade Count subject to JSCCIC Fee for the Fiscal Year to which the month of conclusion of the JSCC-Initiated Compression belongs:
(a) Up to (and including) 2,500th Trade Count subject to JSCCIC Fee for the relevant Fiscal Year: JPY 6,000 per trade;
(b) From the 2,501st and up to (and including) 5,000th Trade Count subject to JSCCIC Fee for the relevant Fiscal Year: JPY 3,600 per trade;
(c) From the 5,001st Trade Count subject to JSCCIC Fee for the relevant Fiscal Year: JPY 1,200 per trade.

Note 1) "Fiscal Year" means a one-year period commencing on April 1 of a year and ending on March 31 of the next year.
Note 2) As to Shareholder Clearing Participant (Class C Shareholders), following cap shall apply to the aggregate amount of the Compression Fee for a fiscal year:

a.Compression Fee Cap (Proprietary) JPY 80mil
b.Compression Fee Cap (Affiliate) JPY 80mil per Customer Account

4.Client Clearing Fee

(1)Fee for New Clearing
   For newly cleared JPY IRS Transactions, the sum total of the amount obtained by using below formula:
   JPY New Trades Total Notional Amount / 100,000,000 × the value in below Chart

Term to Maturity as of Date of Application for Clearing Value
Up to 1 years 90
More than 1 years up to 3 years 225
More than 3 years up to 5 years 405
More than 5 years up to 7 years 540
More than 7 years up to 10 years 720
More than 10 years up to 12 years 765
More than 12 years up to 15 years 810
More than 15 years up to 20 years 1,035
More than 20 years up to 25 years 1,170
More than 25 years 1,260

(2)Fee for Outstanding Cleared Contracts

IRS Transactions denominated in JPY On total Notional remain outstanding as of the end of each month:
JPY 25 per JPY100mil Notional

(3) Special Provisions related to Client Clearing Fee (Notification shall be submitted in advance)(Note1)

a.New Clearing Fee JPY 3,000 per Trade
b.Initial Margin-Based Fee Sum of the amounts obtained as "Daily Required Initial Margin×0.001/365"
c.Minimum Fee (Floor) The amount obtained by multiplying JPY 3.33million by the number of months elapsed from starting month of the Fiscal Year (or the month in which the fee under this (3) starts to apply, if it is in the middle of the Fiscal Year) to the relevant month.(Note2)

Note 1) The Notification can be submitted in March, June, September or December and the fee under this (3) starts to apply from the next month following the month of the submission of the Notification. It is also possible to submit the Notification when opening a customer account.
When a Participant intends to withdraw the application of the fee under this (3), the Participant may submit the withdrawal notification in March, June, September or December. In this case, the fee under (1) and (2) starts to apply from the next month following the submission of the withdrawal notification.
Note 2) "Fiscal Year" means a one-year period commencing on April 1 of a year and ending on March 31 of the next year.
Note 3) When a Participant elects the fee under (3) to apply, the fee under (1) and (2) does not apply.

5.Account Opening Fee

JPY 100,000 per new Customer Account opened for Client Clearing

6.Collateral Fee

For each calculation period (period from April to June, from July to September, from October to December and from January to March), sum total of the costs calculated according to the formula in (1) to (4) below per each Clearing Participant:

1.JGB Management Cost
(Average Face Value of JGB posted by a Clearing Participant as IRS Clearing Fund, Initial Margin and Default Contingent Margin (hereinafter collectively referred to as “Collateral”) during Calculation Period) X (Actual Number of Days in Calculation Period) / 365 X 0.11 / 10,000
2.US Treasuries Management Cost
a. (Average of Japanese yen equivalent of the face value of US Treasuries posted by a Clearing Participant as Collateral during the Calculation Period) X (Actual Number of Days in the Calculation Period) / 365 X 0.11 / 10,000

b. The sum of the values obtained by below formulae in each month during the Calculation Period
(Sum of the face value of US Treasuries posted by a Clearing Participant as Collateral as of the end of each month) X (Actual Number of Days in the relevant month) / 365 X 0.8 / 10,000

c. 10 U.S. dollars X (Number of Posting and Withdrawal Instructions given by a Clearing Participant in relation to US Treasuries posted as Collateral during the relevant Calculation Period)
3. The costs related to Money Trust (applicable only when a negative interest rate applies to a portion of the current account under the Complimentary Deposit Facility of the Bank of Japan and JSCC is to bear the trust fee corresponding to such interest rate)
(Portion of Collateral posted by a Clearing Participant to JSCC in the form of Cash on the relevant day which is held in the manner of the Money Trust to the bank which operates trust business) X 1/365 x (absolute value of the relevant negative interest rate)
4.Other costs incurred by JSCC in fulfilling a Clearing Participant’s requests regarding the management of Collateral

7.LIBOR License Fee

For newly cleared IRS Transactions referencing JPY-LIBOR-BBA as Floating Rate Option, the sum total of the amount obtained by using below formula:
(Total Notional by Currency) × (Fee Rate in below Chart) /1,000,000

Term to Maturity as of Date of Application for Clearing Fee Rate
Up to 2 years 0.02
More than 2 years up to 5 years 0.04
More than 5 years up to 10 years 0.06
More than 10 years up to 30 years 0.10
More than 30 years 0.16

8. Trade Reporting Fee

(1) HKTR Reported Cleared Contract
The amount calculated according to below formula and converted into Japanese yen, for each Clearing Participant(limited to Clearing Participant incorporated in Hong Kong), who is a party of the cleared contracts reported to Hong Kong Monetary Authority (“HKTR”) (“HKTR Reported Cleared Contracts”).

Number of HKTR Reported Clearing Contracts x 4.5 HKD
(2) SDR Reported Cleared Contract (IRS)
The amount calculated according to below formula and converted into Japanese yen, for each Clearing Participant, who is a party of the cleared contracts (“SDR Reported Cleared Contracts (IRS)”) reported to DTCC Data Repository (U.S.) LLC (“DTCC”), a Swap Data Repository (as such term defined in the U.S. Commodity Exchange Act Section 1a (48)).

(DTCC Notified Amount x (Number of SDR Reported Cleared Contracts (IRS)) /(Total Number of SDR Reported Cleared Contracts (IRS) and SDR Reported Clearing Contracts (CDS))

9. Position Transfer Fee

JPY 2,000 per transferred Cleared Contract at the transferee.
However, fee shall not accrue up to 100 transfers per Fiscal Year.

Note 1) "Fiscal Year" means a one-year period commencing on April 1 of a year and ending on March 31 of the next year.
Note 2) Following cap shall apply to the aggregate amount of the Position Transfer Fee for a fiscal year:

Position Transfer Fee Cap
(Proprietary, Affiliate and Client)
JPY40mil