7. How we are remunerated
a) Remuneration for execution, clearing and settlement services
FinClear will charge the Broker fees for clearing transactions, and for providing settlement and nominee services to clients. The fees that FinClear may charge the Broker may be a fixed monthly fee, a fee per trade, a fee per service and/or other fees.
You may be charged fail fees by FinClear where you fail to perform your settlement obligations in respect of a transaction that has been executed on your behalf. Fail fees may include a fee imposed by a Relevant Exchange, an administrative fee and a default charge on the amount outstanding from time to time.
The Broker will also charge you brokerage or commission and/or other fees agreed with you in respect of the services that it provides to you. Information concerning such brokerage, commission and fees may be obtained from the Broker.
b) Remuneration for CHESS sponsorship services
FinClear may charge you a fee for providing you with CHESS sponsorship services. You will be advised in writing of the fee (if any) to be charged by FinClear before you agree to receive sponsorship services from FinClear.
FinClear may also charge the Broker fees relating to the provision of sponsorship services to you.
c) Remuneration for nominee and custody services
FinClear may charge you a fee for providing nominee or custody services. The fees that we charge the Broker may include fees relating to the provision of nominee and/or sponsorship services to you.