COMPULSORY FEESMembership Fee
A one off fee of $199.00 cash (plus TAX) is payable to the National Agent on joining Empire Trade and must accompany the Application for Membership. Payment can be made by cash, cheque or credit card.
Goods and Services Purchase Fee
A cash fee equal to 5.00% (incl TAX) of the Empire Trade portion of any purchase transaction on goods and services is payable to the Exchange within 7 days of the completion of the transaction in whole or in part. All transactions of 3,000.00 trade dollars and above require the submission of an Intention to Trade (ITT) Agreement (see below) at least 24 hours prior to finalisation of the transaction.
Real Estate/Contractual Transaction Fee
A cash transaction fee equal to 6.00% (incl TAX) of the Empire Trade credit portion of any Real Estate or contractual transaction is payable to the Exchange.
Administration FeeA monthly cash fee of $10.75 (TAX incl) per membership account is payable to the National Agent.
A cash fee of $4.30 (incl TAX) will be payable monthly, unless Empire Trade receives notification that the member will obtain their statement of account and updated Empire Trade Membership Directory via online facilities. Provision is made for members to access this information free of charge via online computers available for member use in Empire Trade offices.
Goods and Services Facility Administration Fee
A 1% (plus TAX) facility administration cash fee will be payable for a goods and services Facility Application for $T20,000 and over. The approved facility amount will not be deposited to the member's account until cleared funds in payment of the Faciity Administration Fee are received by the National Agent.
International Transaction Fee
An additional 1% (plus TAX) cash fee will be payable to ETX Administration Pty Ltd on the Empire Trade dollar component of all international transactions. This fee covers costs and charges associated with an international transaction and is paid by direct debit from the member's nominated bank account or credit card.
Bad Debt Reserve Contribution
A Bad Debt Reserve contribution of four trade dollars ($4) per month will be payable to E Banc Trade Management Inc (31162 Vanuatu) and will be deducted from a trading member’s account to fund bad debts in Trade Credits within the Exchange.