broker incentive plan

NGX offers an incentive payment to those brokers who have signed the NGX Clearing Incentive Agreement and are listed on NGX’s website as Participating Brokers for submitting OTC transactions to NGX for clearing in the products listed below:

Canadian Oil
Product Volume (barrels per month) Incentive Payment
All oil products listed
in Schedule D to the CPA
Less than or equal to 100,000 barrels
per side
none
All oil products listed
in Schedule D to the CPA
Greater than 100,000 barrels per side 20% of the fees for transactions in
Canadian oil products, as set out in
Schedule A to the CPA

Terms of the incentive payments are set out in the NGX Clearing Incentive Agreement. Terms may be periodically amended by NGX in its sole discretion upon notice to the Participating Brokers in accordance with the NGX Clearing Incentive Agreement. NGX may from time to time offer discounted fees on various products, or amend Schedule “A” to the Contracting Party’s Agreement (“CPA”), and under such circumstances the clearing incentive will be similarly discounted.