Notices to Members

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Notice I-02-10

May 21, 2002

Reduction of Assessment Fees

Citing unprecedented growth in public trading volume, NFA's Board of Directors on May 16, 2002, has approved yet another reduction in NFA's assessment fees to $.08 per round-turn futures contract and $.04 per options contract, the lowest level in NFA's history. The decrease is the fourth assessment fee reduction in one year, resulting in a 56 percent decrease since July 2001.

The new fee schedule will become effective on July 1, 2002, unless the CFTC notifies NFA that it intends to review the changes to the assessment fees. Members will receive further notification only if the changes do not become effective on July 1, 2002. Assessment fee levels for mini-contracts will remain at $.04 per round-turn futures contract and $.02 per options transaction.

If you have any questions, you may wish to refer to the Interpretive Notice in the NFA Manual, which answers frequently asked questions about the assessment fees. Or you may visit NFA's web site at or contact NFA's Information Center at (312) 781-1410.

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