Cost of Membership
Union membership fees for Trading and Affiliate Members are based on the turnover, operating expenses or assets of the previous calendar year, whichever applies. The basis for calculation of the fee and the formula used to calculate membership fees are as shown in the tables below.
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Basis for calculation:
Trading Members: |
Turn-over previous calendar year (annual sales volume net of all discounts and sales taxes) in EUR |
For-profit Affiliate Members: |
Turn-over previous calendar year (annual sales volume net of all discounts and sales taxes) in EUR |
Not-for-profit Affiliate Members: |
Annual operating expenditure previous calendar year in EUR |
Financial Institutions |
Total assets previous calendar year in EUR |
Formulae:
Basis for calculation |
Trading Members Annual fee |
Financial Institution Affiliate Member Annual Fee |
For-profit & Not-for-profit Affiliate Members Annual fee |
|---|---|---|---|
< 700,000 EUR |
0.0005 EUR x Annual |
0.0005 EUR x assets. |
0.0005 EUR x relevant |
700,000 EUR to 70,000,000 EUR |
350 EUR for |
350 EUR for |
350 EUR for |
> 70,000,000 EUR |
8,000 EUR for |
350 EUR for |
3,500 EUR |
Individual Members will be charged a flat fee of 50 EUR per year.
