Understanding the Rate Card

The MSRB’s four rate card fees consist of the annual municipal advisor professional fee assessed pursuant to Rule A-11 and the underwriting fee, transaction fee, and trade count fee each assessed pursuant to Rule A-13.  

 Basis    Rate
Underwriting FeePer $1,000 Par Underwritten$0.0297
Transaction FeePer $1,000 Par Transacted$0.0107
Trade Count FeePer Trade$1.10
Municipal Advisor Professional FeePer Covered Professional$1,060

To learn more about the Board’s rate-setting process and fees, see: 

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