Universal

Corporate Actions/Dividends

The following represents fees charged by IB for the processing of Corporate Actions affecting securities in your portfolio.

Universal

Exercise and Assignment ¹

Universal

ADR / GDR (American or Global Depository Receipt) Fees

Various Central Securities Depositories such as the Depository Trust Company (DTC), Euroclear or Clearstream collect custody fees on behalf of ADR/GDR agents for DRs which do not pay periodic dividends. The fees are deducted by the applicable depository in standard billing and will be passed to accounts which held the ADR/GDR on the record date.

For additional information on the fee IB recommends that you consult the ADR/GDR prospectus.

Universal

Pre-Borrows

Universal

DTC Position Transfers

Exposure Fee for High Risk Accounts

Interactive Brokers imposes a daily "Exposure Fee" on a small minority of IB customer accounts that have a very high worst-case loss risk exposure. This is to attempt to partially protect IB and its customers from those accounts that have very risky positions that currently satisfy exchange margin requirements, but nonetheless could suffer excessive losses in the event of a significant market move (for example, accounts with high exposure to short option positions).

Exposure Fees only apply to a small minority of IB customer accounts with unusually risky positions. Most IB accounts are not subject to the fees. The fee is not a higher margin requirement. It is a fee to be deducted from affected accounts to compensate IB for the risk in servicing such accounts. Please note that the exposure fee is not insurance against losses in your account and you will remain liable to Interactive Brokers for any debt or deficit in your account even if you have paid exposure fees.

Each day, as part of its risk management policy, IB simulates profit-loss scenarios for client portfolios based on hypothetical market movements of certain magnitudes ("Exposure Analysis"). The scenarios examined may exceed the parameters used by various exchanges for determination of minimum margin requirements.

As part of this daily process, IB will calculate an Exposure Fee to be charged to high-risk accounts based on the potential exposure the account represents to IB in the event of a major loss. Under the Exposure Analysis conducted by IB, if an account would lose so much value that its equity would be eliminated and it would then additionally have an unsecured debt to IB (i.e., negative equity), this would represent an Exposure to the firm (since IB is legally obligated to guarantee its customers' performance to the clearinghouse even if the customer has no remaining equity).

The Exposure Fee will be calculated for all calendar days and charged to the account at the end of the following trading day. Example, the exposure fee charge on Monday’s activity statement will reflect the charges for Friday, Saturday and Sunday. The results of the Exposure Analysis relating to the Exposure Fee will be made available for each account via the Account Management section of IB's website.

Please note the following:

• Interactive Brokers will calculate the Exposure Fee in its own discretion and using its own proprietary algorithms (which are subject to change without notice) to determine the exposure that an account poses to the firm.
• The Exposure Fee may change each day based on market movements, changes in the account's portfolio, or changes in the formulas and algorithms IB utilizes to determine the riskiness of the account.
• The Exposure Fee will be deducted from affected accounts on a daily basis. You should keep excess capital in your account to cover the fee if your account will be affected. If deduction of the fee causes a margin deficiency, the account will be subject to liquidation of positions as specified in the IB Customer Agreement.
• The Exposure Fee is judged separately account by account. If you have multiple accounts with offsetting risk exposures, you should combine them in order to reduce or avoid the Exposure Fee.
• Accounts that are subject to both the overnight position fee and the exposure fee will be charged the greater of the two fees.
• The Exposure Fee is not a form of insurance for your account. If your account incurs a debt or deficit to Interactive Brokers you are still liable to IB to satisfy that debt or deficit and the fact that your account may have paid exposure fees does not relieve you of that liability. Nor will your debt or deficit to IB be offset or reduced by the amount of any exposure fees your account may have paid.

If you wish to avoid being charged an Exposure Fee, please consider the following:

• Adding additional capital will improve the risk profile of your account and may reduce or eliminate the Exposure Fee;
• Reducing the exposure in your account by repurchasing short positions in options may also reduce or eliminate the Exposure Fee. IB has found that short positions in low-priced options generate the largest exposures relative to capital. You can use the IB Risk Navigator to simulate the effects of changes in your portfolio.

Exposure fee is calculated for the following products

• Equity with coordinated volatility change
• Crude Oil and Refined Oil
• Volatility

RSP Special Fees

The following fees apply to customers with an RSP (Retirement Savings Plan):

Quarterly CAD 12.50 Maintenance Fee

Customers with an RSP account will be responsible for a 12.50 CAD quarterly fee. This fee is charged to the account at the beginning of each calendar quarter. The fees will be prorated upon account creation.

For example, if a customer opens an RSP account on 2014-11-07, the fees will be:

• 2014-11-07: $7.50
• 2015-01-01: $12.50
• 2015-04-01: $12.50

Withdrawal (Deregistration) 50 CAD Fee

50 CAD will be charged for a total or partial withdrawal.

LEI

For customers subject to the European Markets and Infrastructure Regulations (EMIR), should you request that IB apply for a Legal Entity Identifier (LEI) on your behalf, your account will be assessed a one-time fee for the application as well as an annual maintenance fee assessed on or shortly after the yearly anniversary date of your LEI application. The costs are reflected below.

For more information on EMIR and the LEI, please refer to http://ibkb.interactivebrokers.com/article/2138