Third-Party Fees Explanation

Third-party fees are not charged by Sahm but are imposed by the relevant institutions. Below is a detailed breakdown:

Type

Security Type

Fee

Charged By

Settlement Fee

U.S. Stock

$0.003/share

Min. $0.01/trade

U.S. Clearing House

Settlement Fee

U.S. Option

$0.18/ Contract

U.S. Clearing House

SEC Fee

(Charged for sell orders only)

U.S. Stock

$0

SEC

U.S. Option

$0

SEC

CAT Regulatory Fees (Buys & Sells)

U.S. Stock

$0.000048/share

Min. $0.01/trade

SEC

U.S. Option

$0.0048/Contract

Min. $0.01/Trade

SEC

Trading Activity Fee

(Charged for sell orders only)

U.S. Stock

$0.000166/share

Min. $0.01/trade

Max. $8.30/trade

FINRA

U.S. Option

$0.00279/ Contract,

Min. 0.01/ Trade

FINRA

Options Regulatory Fee (ORF)

U.S. Option

$0.02645/ Contract

U.S. Exchanges

Options Clearing Fee

U.S. Option

$0.02/ Contract,

Max. 55/ Trade

Options Clearing Corporation (OCC)

CMA Fee

SA Stock

0.030%* Transaction Amount

CMA

Exchange Fee

SA Stock

0.009%* Transaction Amount

Tadawul

Settlement Fee

SA Stock

0.005%* Transaction Amount

Edaa

Safekeeping Fee

SA Stock

0.001%* Transaction Amount

Edaa

Clearing Fee

SA Stock

0.005%*Transaction Amount

Muqassa

Institution Descriptions

Institution

Instruction

U.S. Clearing House

The Clearing House (TCH), the oldest banking payments and clearing system operator in the U.S. It manages large-scale payments (e.g., CHIPS), securities clearing, and risk management services.

SEC

Securities and Exchange Commission, the federal regulatory agency overseeing securities markets, enforcing laws (e.g., Securities Act, Exchange Act), and protecting investors.

FINRA

Financial Industry Regulatory Authority,a non-governmental self-regulatory organization (SRO) that supervises broker-dealers to ensure market fairness and investor protection.

U.S. Exchanges

Major stock exchanges like NYSE and NASDAQ facilitate listing and trading of financial instruments.

Options Clearing Corporation (OCC)

The world’s largest equity derivatives clearinghouse, acting as a central counterparty (CCP) for options trading.

CMA

The Capital Market Authority of Saudi Arabia regulates capital markets and safeguards investors.

Tadawul

The Saudi Exchange, the Middle East’s largest stock market, listing equities, bonds, and derivatives.

Edaa

The Securities Depository Center manages securities registration, custody, and settlement.

Muqassa

The Saudi Clearing Center, serving as the CCP for Tadawul trades, ensuring clearing and risk mitigation.
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