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Exchange for Futures for Swaps (EFS)

Untitled Document
Clearing Member and Customer Maintenance Member Customer Initial Non-Member Customer Initial
Tier 1: $7,250
Tier 1: $7,975
Tier 1: $9,788

Clearing Member and Customer Maintenance Member Customer Initial Non-Member Customer Initial
Tier 2: $7,000 Tier 2: $7,700
Tier 2: $9,450

Clearing Member and Customer Maintenance Member Customer Initial Non-Member Customer Initial
Tier 3: $6,750 Tier 3: $7,425 Tier 3: $9,113

Clearing Member and Customer Maintenance Member Customer Initial Non-Member Customer Initial
Tier 4: $5,250 Tier 4: $5,775
Tier 4: $7,088

Clearing Member and Customer MaintenanceMember Customer InitialNon-Member Customer Initial
Tier 5: $5,250 Tier 5: $5,775 Tier 5: $7,088

Clearing Member and Customer MaintenanceMember Customer InitialNon-Member Customer Initial

Tier 6: $4,000

Tier 6: $4,400 Tier 6: $5,400

Clearing Member and Customer Maintenance Member Customer Initial Non-Member Customer Initial
Tier 7: $3,500 Tier 7: $3,850

Tier 7: $4,725


Clearing Member and Customer Maintenance Member Customer Initial Non-Member Customer Initial
Tier 8: $3,250 Tier 8: $3,575 Tier 8: $4,388

Clearing Member and Customer Maintenance Member Customer Initial Non-Member Customer Initial
Tier 9: $3,000 Tier 9: $3,300 Tier 9: $4,050

Non-Member Customer Initial Member Customer InitialClearing Member and Customer Maintenance Assessments Spot Month
  
Group 1Group 2Group 3Group 4Group 5Group 6Group 7 Group 8 Group 9
 
135%110%
$750* $500* $500* $500* $500* $500* $500* $500* $250*
$3,000†

Volatility Scan RangeVolatility Weight FactorExtreme Move ValueExtreme Move CoverageShort Option Minimum
2.50333$10

NOTES:
* Tier 1: 1st nearby month
  Tier 2: 2nd nearby month
  Tier 3: 3rd through 4th nearby month
  Tier 4: 5th through 11th nearby month
  Tier 5: 12th through 16th nearby month
  Tier 6: 17th through 28th nearby month
  Tier 7: 29th through 40th nearby month
  Tier 8: 41st through 52nd nearby month
  Tier 9: Greater than 52nd nearby month
   
The spot month assessment will take place in two increments. First, $100 on positions at the close of business on the business day preceding termination. Second, an additional $2,900 on positions at the close of business on the day of termination.

 
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