InvestorsHub Logo
Followers 16
Posts 467
Boards Moderated 0
Alias Born 04/07/2011

Re: golab post# 3412

Monday, 06/27/2011 11:06:36 PM

Monday, June 27, 2011 11:06:36 PM

Post# of 4012
DTCC means...
For various reasons, certain securities cannot be made DTCC-eligible or have had their eligibility revoked, usually due to operating or financial issues with the underlying company. As a result, the clearing of these positions can carry significant pass-through charges to settle the trade. Trades in these securities may carry with them some or all of the following pass-through charges: Execution Fee-$7.50, DTC Fee-$80.00, Deposit Fee-$75.00, and a New York Window Fee of $34.00. Additional pass-through fees from Transfer Agents ranging from $25.00 to $500.00 can also be associated with these securities.

These fees are almost exclusively associated with OTC Bulletin Board and Pink Sheet stocks, and should not appear on settlement for any Listed or Nasdaq trades. These fees are initiated by the Depository Trust & Clearing Corporation (http://www.dtcc.com/), as well as various transfer agents, and are applied industry wide.

Mastertrader.com makes every effort to keep your trading costs as low as possible. The above search utility will provide accurate results for the majority of symbols with additional clearing fees. However, it is not all-inclusive and there may be additional symbols not yet added. We recommend that you exercise caution when trading OTCBB and Pink Sheet issues, as they are not subject the basic financial and reporting requirements used by various exchanges. If you have any questions or concerns about these fees, please do not hesitate to call our support desk.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.