Participant Fees

Sheltered Harbor charges Participation fees to:

(i) Banks, Credit Unions and Brokers based on the type of institution and the size of the institution, as defined by:

1. Number of US depository accounts and US banking assets for Participants which are banking firms

2. Client assets and number of clearing clients for Participants which are securities firms

3. Assets under management or plan assets under administration for Participants which are asset managers, transfer agents, or retirement plan recordkeepers

(ii) Industry Associations and Industry Service Participants 

(iii) Participants which are Global Systemically Important Banks as defined by the Financial Stability Board 

Participation Dues Structure Overview

For banks and credit unions, Participant fees are determined based on both Participants’ Total US Banking Assets and Participant’s Total US Deposit Accounts to more accurately reflect bank size. Below describes current fees applying at each level of Participant’s assets and accounts.

Annual Fee Assessment Schedule for Banks and Credit Unions

For securities firms, Participant fees are determined based on both Client Assets and the Number of Clearing Clients*. Below describes current fees applying at each level of Participant’s assets and accounts.

Annual Fee Assessment Schedule for Securities Firms

For Asset Managers, Transfer Agents and Recordkeepers,  Participant Fees are determined based on AUM or Plan Assets.  The schedule below describes current fees applying at each level of Participant's AUM or plan assets.

Annual Fee Schedule for Asset Managers, Transfer Agents, and Recordkeepers

Participants with both banking and brokerage operations pay only a single fee based on the larger of the banking or the brokerage fee calculation (except for G-SIBs which are assessed a flat fee of $50,000)

 * Including discretionary and non-discretionary assets

 

ABA Video - 1/15/2018

Join as Bank or Credit Union

For banks and credit unions, Participant fees are determined based on both Participants’ Total US Banking Assets and Participant’s Total US Deposit Accounts to more accurately reflect bank size. Below describes current fees applying at each level of Participant’s assets and accounts.

Annual Fee Assessment Schedule for Banks and Credit Unions

 Assets

 Accounts 

 Fee 

Join Sheltered Harbor
On-Line
Download 
 <$100MM  and   <10K  $250       007 monitor 1          OR        Download $250 Agreement
 <$1B  and    <500K  $500        007 monitor 1          OR       Download $500 Agreement
 >500K  $2,500       007 monitor 1          OR       Download $2500 Agreement
 $1B - $50B    and   <500K  $2,500       007 monitor 1          OR       Download $2500 Agreement
 >500K  $10,000       007 monitor 1          OR       Download $2500 Agreement
 >$50B  and  <1M  $10,000       007 monitor 1          OR       Download $2500 Agreement
 >1M  $25,000       007 monitor 1      OR       Download 25000 Agreement

If your operations include brokerage and/or asset management accounts, please check those fee schedules as well, because you will pay a single fee based on the larger of the banking or brokerage or asset managent fee calculation.

Join as Broker

For securities firms, Participant fees are determined based on both Client Assets* and the Number of Clearing Clients. The schedule below describes current fees applying at each level of Participant’s assets and accounts.

Annual Fee Assessment Schedule for Securities Firms

 Client
 Assets*

 Clearing
 Clients

 Fee 

Join Sheltered Harbor
 On-Line
Download 

 <$100MM

 and 

 <1 (self clearer)      

 $2,500

     007 monitor 1    

 OR 

      Download $2500 Agreement

 <$10B

 and  

 <50

 $5000 

     007 monitor 1    

 OR

      Download $5000 Agreement

 50 - 100

 $10,000 

     007 monitor 1    

 OR

      Download 10000 Agreement

 $10B - $200B  

 and 

 <20

 $10,000 

     007 monitor 1    

 OR

      Download 10000 Agreement

 >20

 $25,000 

     007 monitor 1    

 OR

      Download 25000 Agreement
 >$200B    or   >100  $25,000       007 monitor 1     OR       Download 25000 Agreement

* Including discretionary and non-discretionary assets

If your operations include banking and/or asset management accounts, please check those fee schedules as well, because you will pay a single fee based on the larger of the banking or brokerage or asset managent fee calculation.

Join as an Asset Manager

For Asset Managers, Transfer Agents and Recordkeepers,  Participant Fees are determined based on AUM or Plan Assets.  The schedule below describes current fees applying at each level of Participant's AUM or plan assets.

Annual Fee Schedule for Asset Managers, Transfer Agents, and Recordkeepers

AUM or Plan Assets    Fee   Join Sheltered Harbor 
On-Line Download
 <$20B  $2,500      007 monitor 1      OR        Download 2500 Agreement
 $20B - $50B  $5,000      007 monitor 1      OR       Download 5000 Agreement
 $50B - $200B  $15,000       007 monitor 1      OR       Download 15000 Agreement
 > $200B  $25,000       007 monitor 1      OR       Download 25000 Agreement

If your operations include banking and/or brokerage accounts, please check those fee schedules as well, because you will pay a single fee based on the larger of the banking or brokerage or asset managent fee calculation.