Pricing Disclosure – EMT Minting and Redemption Service

This Pricing Disclosure explains how fees and charges apply to the crypto‑asset services provided by ClearBank Europe N.V. (“ClearBank Europe”, “we”, “us”) in connection with the minting and redemption of EURC and USDC (the “EMT Minting & Redemption Service”).

This disclosure is intended for onboarded, regulated financial institutions. It does not replace the pricing terms agreed in your contract with us. It is designed to provide fair, clear and non‑misleading information on our pricing and to make our pricing, costs and fees policies publicly available.

This Pricing Disclosure applies to the following cryptoasset services provided by ClearBank Europe in relation to the EMT Minting & Redemption Service:

• Reception and transmission of orders on behalf of clients;
• Execution of orders on behalf of clients; and
• Transfer services for crypto‑assets on behalf of clients.

These services support the minting and redemption of EURC and USDC for onboarded clients.

2.1 At‑par issuance and redemption (EURC / USDC)

• EURC and USDC are minted and redeemed at par (e.g., 1 EUR = 1 EURC; 1 USD = 1 USDC).
• We do not apply spreads, margins or proprietary pricing to the EMT's par value for minting and redemption.
• We do not trade crypto‑assets using our own capital as part of the EMT Minting & Redemption Service.

2.2 EMT FX orders (where applicable)

If you request an EMT FX Order (e.g., a FX conversion associated with minting or redemption workflow that requires EUR↔USD conversion), then:

• The underlying FX price is sourced externally (for example via a third‑party provider or liquidity source).
• Where contractually agreed, ClearBank Europe may charge an On‑chain FX fee and/or present a client rate that includes a fixed, pre‑disclosed uplift.
• Any FX rate and fee applied will be disclosed to you prior to execution and/or in the confirmations/receipts agreed in your contracting model.

Important: Minting/redemption at par is distinct from any FX conversion that may be needed for associated fiat legs or optional order types.

All fees we charge are agreed ex‑ante, known in advance, and disclosed prior to execution through your contractual documents and agreed operational confirmations.

ClearBank Europe does not charge:

• spreads on at‑par EMT minting or redemption; 
• mark‑to‑market adjustments to par minting/redemption values; 
• proprietary exchange margins on the EMT’s par value; or 
• performance‑based remuneration linked to execution outcomes.

Depending on your setup and the networks or providers you use, you may incur third-party fees that ClearBank Europe does not control, including:

• Issuer fees (e.g., fees applied by the EMT issuer upon redemption, if any);
• Blockchain network fees (e.g., gas / transaction fees);
• Wallet, custodian, settlement or infrastructure provider fees used by you; and
• Local payout, correspondent banking, or conversion fees applied by third parties.

Where relevant and known to us, we may flag these fees operationally, but they are governed by the third party’s terms and are not retained by ClearBank Europe.

• Applicable fees are agreed in advance and disclosed to you in contractual schedules and/or operational pricing notices.
• Fees may be collected by deduction from an agreed account (where contractually permitted) and/or invoiced as per your contract.
• We provide fee transparency via the confirmations/receipts and operational reporting channels agreed with you (e.g., statements, reports, or invoice detail).
• Unless stated otherwise in your contract, fees are exclusive of applicable taxes (including VAT).

ClearBank Europe does not receive fees, rebates, or non‑monetary benefits in exchange for routing client orders to particular venues or service providers.

Where commercial arrangements exist that are not linked to order routing or execution, these are disclosed contractually to affected clients.

• We will inform you in advance of material changes to applicable fees.
• Where required, we will obtain renewed client consent before changes take effect.
• We will update this Pricing Disclosure on our website as appropriate.

This Pricing Disclosure is for information purposes only. It does not replace or override the contractual pricing agreed with you.

If there is any inconsistency between this disclosure and your contract, the contract prevails.