Deposit Fee
FEE: 0.00% of Total Volume
as.exchange does not and will never charge any deposit fees. Moreover, as.exchange is committed to compensating all your deposit fees, which means that you will be debited the exact amount you sent from another wallet or exchange, without deduction of any network fees, which will be compensated to you by as.exchange.
Trading Fee
MAKER FEE: 0.20% of Total Volume
TAKER FEE: 0.80% of Total Volume
Every trade occurs between two parties: the maker, whose order exists in the market to trade, and the taker, who places the order that matches (or "takes") the maker's order. Makers’ orders make the liquidity in a market. Takers are the ones who remove this liquidity by matching makers' orders with their own.
The maker-taker model encourages market liquidity by rewarding the makers of that liquidity with a fee discount. It also results in a tighter market spread due to the increased incentive for makers to outbid each other. The higher fee that the taker pays is usually offset by the better prices this tighter spread provides.
as.exchange will not charge any trading fee on derivatives trading until we reach 10,000 of traders with balance of $100 or above. Once the target is reached, trading fees for derivative products will be in place. Fees are charged and deduced on a per-trade basis. Makers are charged a flat fee of 0.20%, and takers are charged a flat fee of 0.80%.
Spot trading on as.exchange will never incur any trading fees.
Securitization Fee
FEE: 0.00% of Total Volume
Securitization on as.exchange is defined as placing your underlying asset into the integrated securitization system and issuing new financial instruments based on the assets. Thus, by securitizing an asset, the asset is credited from your asset account and a new security is debited to your securities account.
Currently as.exchange offers issuance of Tranched Value Securities (TVS) only, therefore, these securitization fees are applicable to TVS issuance only.
Asset securitization fees, irrespective of the total volume of assets to be securitized, or other parameters is set as 0.00%. Therefore, if the underlying asset is securitized, user does not have to pay any corresponding fees. However, the system will advise you the appropriate level of securitization to ensure that your account maintains the possibly required level of capital for trading fees for selling and / or buying the financial instruments in the marketplace once they are enabled.
Termination Fee
FEE: 1.50% of PV of Total Volume
In the case if user desires to unwind h/is/er position in derivative contract, such as Tranched Value Securities (TVS), and to cash out by receiving the corresponding underlying asset, user has an option to terminate the contract which can be done through the personal cabinet page. This is equivalent to selling the contract to as.exchange. In order to terminate the TVS position, the seller would transfer the present value of the contract to as.exchange. This transaction assumes that the contract will last until maturity without a credit event occurring (if applicable). This assumption is, of course, unrealistic since a value default is still possible. Therefore, to account for the positive probability of value default, the present value is calculated with a discount rate that reflects value risk. The termination fee is set flat and amount to 1.50% of the total termination amount. The sale price is the present value of the termination amount and is determined by as.exchange, which might include price discounts or premiums.
Withdrawal Fee
FEE: Network Fees
Withdrawal of securitized assets is not possible on as.exchange.
Withdrawal of underlying assets that are not securitized is possible on as.exchange. This is subject to asset’s network transaction fees. The size of the fee changes depending on the current usage rates, we automatically adjust this fee based on the current network congestion to make sure your transactions are confirmed as quickly as possible. The transaction fee is paid from your wallet when you send a transaction. If the asset’s network or processing does not require any third-party fee, you will not be charged any.
