LIST OF FEES FOR ANCILLARY SERVICES AND
CUSTODY BANK SERVICES
Applicable from: 28.07.2015.
A.
ANCILLARY SERVICES
1.
Opening an account for financial instruments (owner’s,
custody, escrow, summary, free shares, managing…)
Free of charge
2.
Opening special cash accounts for settlement of
transactions with financial instruments
Free of charge
3.
4.
5.
FEES
Domestic market:
0.30% , not less than 25 EUR monthly
Safekeeping of financial instruments
Foreign markets:
0.30% not less than 5 EUR monthly
Domestic market:
Buy (RVP): 0.30%,
Sell (DVP): 0.30% min 30 RSD
Clearing and settlement of transactions with financial
instruments on stock exchange or over-the-counter.
Payment transactions (DvP/RvP)
Foreign markets:
0.20%, min. 10 EUR per transaction
Domestic market:
Free of charge
Receiving / Subscription of fin.instruments on an
account. Transactions free of payment (RF)
Foreign markets:
35 EUR per ISIN
Domestic market:
500 RSD per ISIN, If the recipient’s account is at Vojvodjanska
banka
5,000 RSD per ISIN, If the recipient’s account is at another
6.
depository
Transfer of fin. Instruments to another account.
Transactions free of payment (DF)
Foreign markets:
5 EUR per ISIN, If the recipient’s account is at Vojvodjanska
banka
50 EUR per ISIN, If the recipient’s account is at another
depository
7.
Transfer of financial instruments over-the-counter
(OTC).
8.
Collecting income (dividends,coupons share fractions
etc.)
300 RSD + 2% - for clients on owner’s and other accounts
0.5% - for clients on custody and omnibus accounts
Domestic market:
0,30%
Foreign markets:
Free of charge + cost of the third party
1
9.
10.
11.
12.
13.
14
15
Representing and proxy voting at assemblies for clients
on custody and summary accounts
100 EUR per order + out-of-pocket expenses
5.000 RSD fixed
0.1%, if securities distribution has succeeded and the
Opening, maintaining and calculation of special deposit
account for distribution/selling of the issuer’s financial
Instruments
transaction is not processed by the CSD. If the CSD processed
the transaction then the commission is calculated under tariff 4
Free of charge
50 EUR per report
Regular reporting
Extraordinary reporting on demand
Custodian e-office, package and usage for domestic
brokerage houses
The identification of clients for credit institutions and
investment companies
Redemption of debt financial instruments
Free of charge
300 RSD per client
Free of charge
16
Cashless transfer from special cash accounts to Fund’s
account managed by Asset management company, with
which the Bank has agreement as “Custody bank”
Free of charge
17.
Withdrawals from accounts for securities transactions –
up to 200.000 RSD
Free of charge
18.
Cash withdrawals from accounts designated for
securities transactions – over 200.000 RSD
B.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
33.
34.
35.
36.
37.
RSD 200
SERVICES OF „CUSTODY BANK“ AND PAYMENTS TO MANAGEMENT COMPANIES AND ITS INVESTMENT AND
VOLUNTARY PENSION FUNDS
Calculation of asset and liabilities of investment
and voluntary pension funds („custody bank“)
PAYMENT OPERATIONS
Opening current account
Terminating current account
Dinar payment operations:
Maintaining account
Electronic statements
Inflows
Electronic internal orders within Company
Electronic internal orders within the Bank
Electronic external orders outside of the Bank
Cashless internal orders within Company
Cashless internal orders within the Bank
Cashless external orders outside of the Bank
FCY payment operations:
Maintaining account
Electronic statements
Inflows/Loro payments
Transfers between Companies’ accounts, within
the Bank
Transfers between Companies’ accounts, outside
of the Bank
Nostro payments to other entities, within the
Bank
Nostro payments to other entities, outside of the
Bank
0.10%
Free of charge
3.000 RSD per account
250 RSD monthly
30 RSD monthly
Free of charge
Free of charge
15 RSD per order
150 RSD per order
Free of charge
100 RSD per order
200 RSD per order
Free of charge
Free of charge
Free of charge
Free of charge
15 EUR per order
7 EUR per order
15 EUR per order
2
Notes:
Fees in EUR are calculated according to the official middle exchange rate of the NBS, on the day of calculation. The
fees do not include commissions for domestic and foreign payments of the Bank, commissions of third parties, i.e
brokerage companies, stock exchange, the Central Securities Depository, the NBS and the Securities Commission.
Taxes are not included in the fees and they are collected specially on services which are taxed according to applicable
regulations.
If by executing operations for clients the Custody has certain out-of-pocket expenses, such as costs of advertisements
in the public media, extra charges of executing orders or instructions of the client, postal charges, travelling
expenses, documents notarization, miscellaneous costs and the like, the client is obligated to refund such costs in full
amount according to invoices submitted.
Tariff 3. - The fee is collected from clients on custody accounts and summary accounts and it is different from market
to market.
The fee is annual, while its collection is monthly. The value is calculated on the basis of actual days in a month and
the calendar year of 360 days. The market value is taken for listed instruments and the nominal value for debt
instruments and instruments which are not listed.
Tariff 4. – Calculated per auction, stock exchange or OTC transaction. For foreign markets. For foreign markets, the
fee varies from market to market.
Tariff 5. – For foreign markets, the fee is different from market to market and It is not related to receiving securities
as from eligible holdings (such as rights or additional shares, other instruments distributed from issuers profit)
Tariff 6. – Related to the following transfers: change of depository, between 2 different accounts of the same owner
(owner’s, custody, summary, managing, escrow, foreign account...) lending, transfers based on other legal
agreements and court decisions. The commission may vary depending on market.
Tariff 7. – The fixed part of the Fee is charged in the branch and the percentage part of fee is charged upon the
transaction is settled and it is calculated per OTC transactions (over-the-counter) for the domestic market. It is
related to the following transfers: selling shares, takeover of bids, buybacks, „dissenting shareholders“, squeeze-in
and squeeze-out and other OTC transactions based on applicable regulations.
Tariff 9. – The service is provided to clients on custody or summary accounts. The fee is related to representation by
the person who is engaged in custody sales.
Tariff 10. – The fixed part of fee is charged upon opening an account and the percentage fee will be charged from the
amount deposited on the special deposit account
Tariff 14- The fee is collected in a branch directly from the client
Tariff 18 – The fee is collected in a branch upon cash withdrawal
Tariff 19. – The fee is related to prescribed services of the „Custody bank“ in accordance with the Law on Investment
Funds and the Law on Voluntary Pension Funds.
The fee is annual, while the collection is monthly
25- 30. – Fees in dinar payment operations apply when the payments are in favour of residents and non-residents.
Tarrif 36-37.-The cost of the foreign correspondent bank is calculated and charges in accordance with official fees
paid by the Bank in FCY payment operations and applies if the payment cost option is OUR.
PRESIDENT OF THE BOARD OF DIRECTORS
Marinis Stratopoulos
3