b) If the Exchange buys-in against a transaction as a result of a buying-in notice, a dealing charge is levied. This is based on a percentage of the transaction consideration with a minimum fixed charge as detailed in the table below.

Trading Currency

Dealing charge on consideration

Minimum Charge

GB Sterling

0.75 %

50 GBP

US Dollar

0.75 %

75 USD

Japanese Yen

0.75 %

10,000 JPY

Hong Kong Dollar

0.75 %

2,000 HKD

Euro

1.25 %

75 EURO

c) Other Charges:

i) In addition to the £25 charge on the issue of a buying-in notice, the liable party will also incur a daily charge of £50 where it fails to match the resultant bought-in trade with the Exchange in accordance with the buying-in timetable.

ii) Where the liable party does not settle a buying-in transaction on its settlement due date, the liable party shall pay an additional pro rata daily charge of 4% per annum above the UK clearing bank lending rate on the total transaction consideration or £50, whichever is greater. This charge covers the cost to the Exchange of funding the market purchase transaction.

d) Invoices will be issued to member firms on a monthly basis. Included in these invoices will be charges for buying-in notices, fines for late matching and late settlement set out in sections a and c above. These invoices must be settled directly with the Exchange.

e) The transaction consideration (including dealing charges in b above) due to the Exchange in respect of the bought-in securities will be payable through the relevant settlement organisation in the usual way.