Chapter 04 · Section 4.1

Compensation

In assuming the role of guarantor and thus taking a risk of default, the clearing house receives as compensation:

a) a fixed annual fee, paid by the exchange.
b) a fixed annual fee, paid by the individual clearing members.
• c) a commission for every trade cleared, paid by the exchange.
  No. The exchange does not pay any fees to the clearing house.
  d) a commission for every trade cleared, paid by the individual clearing members.
  e) a and c
  f) b and d

(Click here for help)