Fees schedule
Note: All fees quoted exclude VAT (14%).
All fees and commissions quoted exclude third party broker’s commission, effective and any third party’s charges, government levy, stamp duty, withholding taxes (if any) and further charges of
external settlement agents or custodian entities.
Discretionary and referral discretionary mandate fees
Portfolio management fee
(% of the portfolio value)
Brokerage fees
R 1 000 000
to
R 5 000 001
to
R 10 000 000
R 70 000 +
1.20% of the amount over
R 5 000 000
R 10 000 001
to
R 20 000 000
R 130 000 +
0.95% of the amount over
R 10 000 000
R 20 000 001
to
R 50 000 000
R 225 000 +
0.65% of the amount over
R 20 000 000
R 50 000 0001
Up to R500 000: 0.75% or R100*
*minimum R100 per transaction.
1.40% of Assets under Management
R 5 000 000
and above
R70 000
minimum
R 500 000 to R 1 000 000 0.50%
Over R 1 000 000 0.35%
Negotiable
Non-discretionary mandates: Brokerage fees
Full service with dedicated relationship manager
Self service (no relationship manager. Only trading online or through the central trading
R 0 to R 50 000 1.25% (min R100 per transaction)
desk)
R 50 001 to R 100 000 1.00%
Flat fee
0.50% *minimum R100 per transaction.
R 100 001 to R 500 000 0.75%
R 500 001 to R 1 000 000 0.50%
Over R 1 000 001 0.35%
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Basic fee of R50 per contract note for transactions in listed securities.
Securities Transfer Tax (0.25%) is levied on the value of purchase transactions, before the brokerage fee and VAT.
Other levies charged by
the JSE
Cash balances
Multi-manager funds
Administration fees
Ad hoc service fees
STRATE levy of R10 to
R60 dependent on value of
transaction.
A fee of 20 basis
points per annum is
charged monthly on
the interest earned
on the cash balance
held in money
market.
FNB Securities does
not charge initial fees.
A fee of R8 applies on all payments made to
clients.
Annual commission:
0.5% p.a, if applicable.
A fee of R75 per transaction is payable for third
party payments.
Registration of scrip in our nominee company: No charge.
Registration of scrip other than in our nominee account:
R500 per certificate.
Replacement of lost scrip: R650 plus insurance per
certificate.
Reconciliation: R500 per hour or part thereof.
Estate Late valuations: R100 per share (min of R500).
Cash deposit fee: Amount charged by FNB Securities
bankers. (Under the JSE rules FNB Securities may not
accept or receive a cash deposit in excess of R5000.)
Cash deposit penalty fee: R400 per cash deposit plus bank
charges.
Currency transactions: 0.5% (min of R250 per transaction).
Use of FNB Securities foreign cash transfer allowance: Fees
charged on a pre-agreed basis from time to time.
CSDP exit fee: R85 per counter.
Once-off transaction fee of R350
Investor Protection levy at
0.0002% of trade value.
A fee of 100 basis
points per annum is
charged monthly on
the interest earned
on the cash balance
held with JSE
Trustees.
Administration fee:
0.1% p.a.
Management and
service fees apply
- a fee breakdown is
available on request.
A negotiable service fee will be charged
for additional services as elected in the
non-discretionary mandate (option 2).
*A fee of R50 per month: if you choose to
receive electronic communications (contract
notes, statements, tax statements etc.)
*A fee of R60 per month: if you choose to
receive printed and posted, as well as electronic
communication (contract notes, statements, tax
statements etc.)
*A fee of R60 per month: if you choose to
receive printed and posted communications
(contract notes, statements, tax statements etc.)
*The monthly administration fee will be waived if you qualify for the Bundled Pricing Option at FNB Private Clients or RMB Private Bank. Should you decide to change this pricing option, you will be
charged the monthly administration fee. Kindly refer to the pricing guide located on www.fnb.co.za/private-clients or www.rmbprivatebank.com for information on the Bundled Pricing Option.
Live pricing fee
•
Default live pricing option – 15 minute delayed, this option is free
Live Equities - no depth
Live Equities - depth of Five
Live Indices
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Non-Professional users charged @ R0.10 per request
including VAT capped at 760 requests/R76.00
Professional users charged @ R0.10 per request
including VAT capped at 2290 requests/R229.00.
•
Non-Professional users charged @ R0.15 per request
including VAT capped at 560 requests/R84.00
Professional users charged @ R0.15 per request
including VAT capped at 2080 requests per/R312.00
•
Non-Professional users charged @ R0.08 per request
including VAT capped at 340 requests/R27.20
Professional users charged @ R0.08 per request
including VAT capped at 920 requests/R73.60
Live Prices: Live pricing is only valid for the current session
Always Live Prices: Live prices are valid for all sessions
Prices are inclusive of VAT
Form: FNBS OM 5 February 2014