VALUBOND Fees

Description	Add Liquidity	Remove Liquidity
Corporate
1 to 249 Bonds	USD 0.55 per bond, minimum 5.00 per trade	0
250+ Bonds	USD 0.375 per bond	0
Muni
1 to 99 Bonds	USD 0.85 per bond, minimum 5.00 per trade	0
100 to 249 Bonds	USD 0.70 per bond	0
250 to 499 Bonds	USD 0.45 per bond	0
500+ Bonds	USD 0.40 per bond	0
Agency
Bonds	USD 0.20 per bond, minimum 5.00 per trade, maximum 150.00 per trade	0
Government
1 to 249 Bonds	USD 0.55 per bond, minimum 5.00 per trade	0
250+ Bonds	USD 0.375 per bond	0
Government - STRIPS
Bonds	USD 0.20 per bond, minimum 5.00 per trade, maximum 50.00 per trade	0
Certificate of Deposit
Bonds Term: 12 month and less	USD 0.20 per bond, minimum 3.50 per trade, maximum 150.00 per trade	0
Bonds Term: 13 to 24 months	USD 0.30 per bond, minimum 3.50 per trade, maximum 150.00 per trade	0
Bonds Term: 25 months and longer	USD 0.40 per bond, minimum 3.50 per trade, maximum 150.00 per trade	0