3.2 Admission fee GCM (General Clearing Member)

¹ The one-off admission fee payable to the Exchange is CHF 5,000 per GCM.

² The Exchange may reduce or waive the one-off admission fee if the GCM is a participant of the Exchange.

³ Participants must remit the one-off admission fee before starting to trade on the Exchange.

⁴ No full or partial reimbursements of the one-off admission fee will be made.