SEC Fedwire Fee Payment Options
Here are several methods of remitting filing fees to the SEC. Payment option availability will differ according to selection.
Important:
Each filer should use its CIK number as its account number to provide for electronic transfer of funds. The CIK number must be supplied with the payment to permit proper assignment of funds.
SEC Fee Payment Options
Select your payee/debtor type below.
Payment option availability will differ according to selection.
Payee/Debtor Type:
Filing Fee Registrants
The Filing Fees Branch is responsible for validating and collecting fees pursuant to Section 6(b) of the Securities Act of 1933 and Sections 13(e) and 14(g) of the Securities Exchange Act of 1934. Fees are generally associated with companies registering securities or debt, tender offers, and merger/acquisition transactions. For more information, please visit the Filing Fees Branch.
Enforcement Debtors
The SEC’s Division of Enforcement investigates and brings civil charges in Federal district court or in administrative proceedings based on violations of the Federal securities laws. An integral part of the program’s function is to seek penalties and the disgorgement of ill-gotten gains in order to return funds to harmed investors. For more information please visit Division of Enforcement.
Certification Requestors
Certified copies of records or documents may be requested using the Certified Document Request Form. For more information on public documents, please visit Records and Information.
FOIA Requestors
The Freedom of Information Act (FOIA), which can be found in Title 5 of the United States Code, section 552, was enacted in 1966 and provides that any person has the right to request access to federal agency records or information. The Securities and Exchange Commission charges fees to those who request information under FOIA to cover the costs associated with fulfilling the request. For more details, please visit The Office of FOIA Services.
Non-Federal Sponsors/Foreign Authorities
Participation by SEC members and staff in external meetings serves the public interests since it allows the staff to present and/or clarify the SEC’s position on matters that affect its work, to foster a clear understanding of applicable laws, and to provide the agency with an understanding of industry practices or conditions.
Title 31 U.S.C. 1353 grants the SEC authority to accept non-federal source travel reimbursement for attendance to meetings or similar functions.
Filing Fee Fedwire Tags & Terminology
If a wire transfer of SEC filing fees does not contain the required information in the proper format, the SEC may not be able to identify the payor and the acceptance of filings may be delayed. To ensure proper credit, it is critical that all required information be provided to the sending bank or wire transfer service. SEC data must be inserted in the proper fields.
Fed Tag / Definition of Fed Tag Values / Format
Fed Tag |
Definition of Fed Tag Values |
Format |
|---|---|---|
| {2000} |
Transaction Dollar Amount (Total Wire Value) |
000000025000 |
|
{3100} |
Sending Bank’s ABA Number (9 positions) |
000123790 |
|
{3400} |
ABA = American Bankers Association Receiving Bank’s ABA Number (9 positions) and Receiving Bank’s Name |
021030004 |
|
{4200} |
Beneficiary Information (SEC’s US Bank account number) |
000000000000 |
|
{4320} |
Reference to Beneficiary. Only use this field if the SEC registrant and the payor are different. In this field, the unique CIK number is used for the registrant. In this field, the initials “CIK” should be entered immediately followed by the registrant’s CIK number. (If the registrant and payor are the same, use only the {6000} field.) |
CIK9999999995 |
|
{5000} |
Originator Information – Originating customer account number from sending bank, name of originating company address, city, state, and zip code. |
12345 ABC CO |
|
{6000} |
Originator (Payor) to Beneficiary Information. This is the unique SEC identifier known as the CIK of the payor. Enter the initials “CIK” followed immediately by payor’s CIK number. (If the registrant is not the payor, enter the registrant’s CIK in the {4320} field, as shown above). |
CIK9999999998 |
The SEC’s US Bank account number must be obtained by:
- Log into EDGAR
- Select “Fees” on the left navigation bar
- Reference Fed Tag {4200}
Examples of Proper Format
Registrant is the Payor:
In this example: JJJ CO, CIK9999999998 is the payor and the registrant. Tag {6000} contains the CIK information for payment to match with the right account at the SEC.
Fed Tag |
Value |
|---|---|
|
{2000} |
000000025000 |
|
{3100} |
00034690 NEW BANK |
|
{3400} |
021030004
TREAS NYC
|
|
{4200} |
000000000000
SECURITIES AND EXCHANGE COMMISSION
|
|
{5000} |
37774 JJJ CO
100 BIG PLAZA ALBANY NEW YORK NY 12714
|
|
{6000} |
CIK9999999998 |
Third Party Payor submitting payment for Filing:
In this example: ABC Company, CIK9999999998 (Tag {6000}) is the payor having its wire payment submitted to US Bank, and XYZ Company, CIK 9999999995 (Tag {4320}) is the registrant.
Note: Tag {4320} is used when the registrant and payor are not the same, and therefore have different CIK numbers and Tag {6000} is always the payor’s CIK.
Fed Tag |
Value |
|---|---|
| {2000} |
000000025000 |
| {3100} |
000123790 XYZ BANK |
| {3400} |
021030004
TREAS NYC
|
| {4200} |
000000000000
SECURITIES AND EXCHANGE COMMISSION
|
| {4320} |
CIK9999999995 |
| {5000} |
12345 ABC CO 123
ABC PLAZA NEW YORK NY 10258
|
| {6000} |
CIK9999999998 |
How to Calculate Fees
1933 Act Filing Example 1
Company A files a registration statement on August 30, 2003, covering a proposed public offering of one million shares of common stock. The registration statement also covers an offering of notes totaling $500 million. Company A’s common stock is trading on NASDAQ at $16 1/2 per share. The 1933 Act fee for the registration statement would be $41,784.85 based on the fiscal year 2003 fee rate of $80.90 per million dollars. The calculation is presented below.
Example Calculation of Registration Fee
|
Title of Securities being Registered |
Amount to be Registered |
Proposed Maximum Offering Price Per Unit |
Proposed Maximum Aggregate Offering Price |
Amount of Registration Fee |
|---|---|---|---|---|
| Common Stock | 1,000,000 | $16.50 | $16,500,000 | $1,334.85 |
| Debt | $500,000,000 | $40,450.00 | ||
| Total | $516,500,000 | $41,784.85 |
Step 1: Amount to be Registered X Price = Aggregate Offering Price
Step 2: Aggregate Offering Price X Fee Rate of 0.0000809 = Registration Fee
1934 Act Filing Example 1
In general, the fee is determined by multiplying the value of the transaction times the current fee rate. The value of the transaction is equal to one of the following:
- For going private transactions, the value of the securities to be acquired by the acquiring company
- For proxy statements relating to a merger, acquisitions or consolidation, the proposed cash and value of securities and other property to be transferred to the acquiring company
- For proxy statements relating to proposed sale of assets, the aggregate of cash and the value of securities and other property to be received by the registrant
- For tender offers, the value of securities or other property offered by the bidder
1934 Act Filing Example 2
On January 8, 2003 Company A makes a $1 billion cash tender offer for the securities of Company B. The fee required with the SC TO-T filing by Company A is $92,000. The fee was calculated by multiplying the bid amount times the fee charge of 0.000092
$1,000,000,000 X 0.000092 = $92,000
Filing Fee Rate
The current fee rate for 10/1/2018 to 9/30/2019 is:
$129.80 per $1,000,000
The fee is calculated by multiplying the aggregate offering amount by .0001298
Filing fees are required for filings made pursuant to:
- Sections 6(b) of the Securities Act of 1933
- Sections 13(e) and 14(g) of the Securities Exchange Act of 1934
For more information, see the fee rate advisory notice.
Effective October 1, 2019
Note:
- Filing fees with respect to domestic registrants must be paid in accordance with the provisions of the Lockbox Rule (either by check or wire transfer) whether the filing is made electronically or in paper pursuant to a hardship exemption.
- Include the Payor’s CIK (Corporate Account Number) on all fee payments. When paying fees, one payment can be used to pay for several filings provided that the tag is used to indicate from which account the funds are coming. Law firms acting as filing agents, for instance, use this method: they pay for the fees for all their clients, then bill the individual clients.
- Wire transfers are not instantaneous. The time required to process a wire transfer through the FEDWIRE system, from origination to receipt by US Bank, varies substantially. It is important that all filers discuss with their bank or wire transfer service their unique procedures and timing.
- The SEC advises filers to allow sufficient time to complete all transactions prior to submission of filings registering securities. These filings will not be accepted if sufficient funds have not been received by the SEC at the time of filing. Such filings include:
- Registration statements pursuant to 6(b) of the Securities Act of 1933 that provides for the registration of securities and mandates the receipt of the appropriate fee payment upon filing (e.g., filing submission types such as S-1, S-2, S-3, N-1A, N-2, F-1, F-2, and 24F-2NT); and
- Transactional filings pursuant to the Securities Exchange Act of 1934 (e.g., form types such as PRE CON, PREM14A* and PREM14C* (*except when filed by a registered investment company).
- All filers are advised to obtain from their bank or wire transfer service the “FED” reference number of the wire transfer. Having this number can greatly facilitate tracing the funds if any problems do occur.
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