C O N F I D E N T I A L
This Fee Schedule (this “Fee Schedule”) is provided at the request of HSBC Securities and contains information on how JPMorgan Chase Bank, N.A. (“J.P. Morgan”) may assess fees to open a control account and maintain assets therein. This pricing information is being provided for informational purposes only and may be subject to change. This Fee Schedule does not constitute an offer on the part of J.P. Morgan to enter into any contract or agreement or to provide services to any particular entity.
1.
Account Management
A stepped tier structure based on number of accounts will be applied. A minimum monthly/annual fee may apply.
2.
Collateral Management and Custodial Services
A basis point based fee will apply to held and pledged positions of securities collateral.
3. Cash Management Services
Compensation on holdings of cash shall be paid by J.P. Morgan or by Customer, as the case may be, at the rate J.P. Morgan shall notify Customer from time to time. For the avoidance of doubt, such compensation, whether paid by J.P. Morgan or by Customer, shall not be deemed fees but shall be obligations owed to the other party.
4. Reporting Services.
For entities seeking reporting necessary under CFTC Regulations 23.702 or other similar reporting, a reporting fee will apply.
5. Tax Reporting Services
For US domiciled entities operating under a U.S. W8-IMY, there will be an annual fee for tax reporting services to the extent of services provided.
Contact
For more information, please contact Kiley Britt at 212-622-2492
Notes:
Additional transaction charges may apply for securities and cash movements.
The fees listed above are not inclusive of out-of-pocket expenses, registration fees, stamp duties, external counsel fees (including its disbursements and expenses), travel expenses and usual disbursements together with any taxes, if applicable.
Fees for services not listed on this Fee Schedule will be provided upon request. Services and activities beyond those performed as collateral and custodial agent in the normal course of business will be charged on a quantum merit basis.
This Fee Schedule is subject to change by J.P. Morgan without notice.