- clearing fee
- A fee charged by the exchange for each contract cleared. There are also clearing fees associated with deliveries, creation of a futures position resulting from an option exercise or assignment, Exchange for Physicals (EFP), block trades, transfer trades and adjustments. Fees may be waived or reduced for some commodities as specified by the Board of Directors from time to time. Chicago Mercantile Exchange Glossary
Financial and business terms. 2012.