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Fees

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Membership Fees

Initial Membership SAR 60,000 payable once.
Annual Membership SAR 30,000 payable annually for continuing clearing membership.
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Clearing and Settlement Fees

Cash Market Clearing (0.00005), which is equal to (0.5) basis points of the executed transaction value.
Repo Clearing Service (0.0000011), which is equal to (0.011) basis points daily of the executed transaction value.
Index Futures Settlement SAR 30 payable on each contract settled on expiry day.
Index Futures Clearing SAR 10 payable on each contract cleared.
Single Stock Futures Settlement  (0.0003), which is equal to (3) basis points of the executed transaction value settled on contract expiry.
Single Stock Futures Clearing      (0.00009), which is equal to (0.9) basis points of the executed transaction value.
Single Stock Option Clearing  0.72 SAR per contract 
Exercise Or Assignment fees 2.40 SAR per contract 

 

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Other Services Fees

Error Deposit Handling SAR 1,000 on each error deposit request.
On Behalf Activities 10 times of the service value.
Portfolio Transfer SAR 600 payable on each transfer request.
Additional Reporting Service SAR 300 payable on each request.
Additional Omnibus Account SAR 10,000 payable annually for each account.
Additional Segregated Account SAR 5,000 payable annually for each account.
Overdue Margin Call​ SAR 30,000 in addition to 1% of outstanding amount​
Rectify Trade SAR 6 for each contract rectified in the derivatives market and each trade in the cash market.
Give-Up / Take-Up SAR 6 payable on each contract transferred.
Collateral Withdrawal SAR 300, in addition to the transfer fees applicable by the Saudi Arabian Monetary Authority, payable on each cash withdrawal request.
Collateral Cash Transfer SAR 1,000 payable on each transfer request.
Late Collateral Deposit SAR 10,000 payable on each late collateral deposit.
Muqassa Additional system User SAR 11,700 onetime payment and SAR 3,650 annually. This fee will be applied for the 3rd users and beyond.
Fail Management Fee (Excluding Fixed Income)  Fail Management Process equel to (25) basis points with a minimum of SAR 2,000 on each failed settlement instruction for each day of delay. It will be calculated as follow;
  • Cash Compensation: (0.0023) which is equal to (23) basis points to be paid to the
    effected members.
  • Fails Manegement Fee: (0.0002) which is equal to (2) basis points to be charged by Mugassa.
Fail Management Fee (Fixed Income)  Fail Management Process equal to (5) basis points on each failed settlement instruction for each day of delay.  It will be calculated as follow;
  • Cash Compensation: (0.0003) which is equal to (3) basis points to be paid to the effected members. 
  • Fails Management Fee: (0.0002) which is equal to (2) basis points to be charged by Muqassa.
  • No Minimum fee.
Non- Cash Collateral Management 10 bps monthly, based on the daily average positions
Non- Cash Collateral Withdrawal

SAR 100 per request for Securities Collateral Withdrawal
Average Price Trade SAR 124 per request
Split Trades

SAR 124 per request
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