Required for: all applicants, for any role.

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  CCPE Fee Schedule
  *** PLACEHOLDER — FINAL DOCUMENT PENDING ***
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ILLUSTRATIVE FEE SCHEDULE

The following amounts are ILLUSTRATIVE placeholders only, shown so applicants understand the
structure of exchange fees. They are NOT the production fee schedule.

  - Transaction fee (per trade)............... a small per-trade fee in basis points of notional
  - Issuance auction fee...................... a fee assessed to the issuer on newly issued paper
  - Settlement bank deposit / withdrawal fee.. a flat fee per banking movement

Fees are not negotiated. The Exchange will provide advance notice of any change to the fee
schedule in accordance with the Exchange Rules.

(This is placeholder text. The final, authoritative Fee Schedule with actual rates will replace
this document.)