clearing fee indicator

clearing fee indicator
A designation on a trade record which indicates the rate to be paid for clearing services:
E = Equity Members, Clearing Members*;
L = Lessee/106.F.Employees;
B = CBOE Member (trading S&P products only);
H = 106.H./J. Firms;
C = Non-member ( customer);
M = Member rate for futures side of BK broker combination trades.*
A 106.F member, who is an owner of a clearing member firm and whose seat is assigned for clearing privileges, is entitled to equity rates and therefore should use the E fee code. If fee is left blank, your rate will be determined based on user affiliation and the CTI code. Chicago Mercantile Exchange Glossary

Financial and business terms. 2012.

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