EGUS Pricing System
The EGUS pricing system consists of two components: a Per-Agreement fee for each agreement executed in EGUS, and a quarterly Storage fee for maintaining all past executed agreements in the system.
All institutions containing at least one broker party are required to have Storage, but only executing brokers and dealers will be charged the Per-Agreement fee. Institutions containing only customer/trader parties have the option of maintaining Storage of EGUS agreements. Customers/traders that choose not to store documents in EGUS will have execution only access at absolutely no cost, and will have seven days after execution to print or email the agreement.
Effective January 1, 2012, the EGUS Pricing System will undergo changes, both to the Per-Agreement and Storage components of the fee system. In terms of the Per-Agreement fee for agreements executed in EGUS, the tiered system for determining the charge per executed agreement will remain similar in concept. However, the minimum Per-Agreement fee to be charged will be $20 per executed agreement (for firms in excess of 2,000 agreements executed in EGUS). Furthermore, the “Introductory” Per-Agreement Fee (for the first 25 agreements executed in EGUS) will be $55 per executed agreement.
As for Storage charges in EGUS, we will be moving to an explicit charge for the Storage service, beginning with the first agreement stored in EGUS. The Storage fee system will remain a tiered structure, with the first tier of 0-50 agreements stored in EGUS at a cost of $125 per quarter. Additionally, Supporting FCM’s will also be charged for Storage of agreements in EGUS. As a result of this, we have added price tiers to the higher end of the fee system, to provide price differentiation for firms with large volumes of agreements stored. The new EGUS Pricing Schedule will have 6 more tiers for Storage counts of up to 60,000 agreements.
*Please note* Legacy uploaded agreements will be charged the Per-Agreement fee to the Institution that uploaded the agreement regardless of its role on the agreement. All institutions that wish to initiate agreements and/or upload Legacy agreements are required to have Storage.