Fees for Brokerage Services
| Currency Exchange transactions |
| Currency Exchange transaction - less than 3'000.00 LVL |
bank's official currency rate |
| Currency Exchange transaction - more than 3'000.00 LVL |
individually, info in the bank |
| Foreign Exchange margin trading |
individually, info in the bank |
| Financial Instruments |
| Debt securities transactions |
Tariff |
Minimum charge5 |
| Debt securities transaction |
0.1% |
501 |
| Debt securities transaction at NASDAQ OMX Riga stock exchange |
0.08% |
25 LVL |
| Stock transactions |
|
|
| Stock transaction at NASDAQ OMX Riga, Vilnius and Tallinn stock exchanges |
0.35% |
3 LVL |
| Trading at NASDAQ OMX Riga, Vilnius and Tallinn stock exchanges using electronic trading platform e-Broker: |
|
|
| Monthly subscription fee |
8.50 LVL |
|
| Stock transaction at Baltic stock exchanges |
0.20% |
2 LVL |
| Transaction with financial instruments traded at the USA exchanges (stocks and ETFs) |
0.03 USD |
30 USD |
| Transaction with financial instruments traded at the USA exchanges using electronic trading platform |
| Monthly subscription fee |
45.00 USD |
|
| Transaction with financial instruments traded at the USA exchanges (stocks and ETFs) |
0.028 USD |
28 USD |
| Transaction with financial instruments traded at Canadian exchanges |
0.03 CAD per stock |
80 CAD |
| Transaction with options at the USA exchanges |
15 USD + 2.50 USD for contract |
25 USD |
| Transaction with stocks at European Stock Exchanges2 |
0.40% |
50 EUR |
| Transaction with stocks or debt instruments at MICEX (ММВБ) |
0.20% |
150 RUB |
| Transaction with stocks or debt instruments at MICEX (ММВБ) using electronic trading platform |
0.15% |
90 RUB |
| Transaction with stocks or debt instruments at RTS (PTC) |
0.25% |
50 USD |
| OTC transactions with shares and transactions with other countries shares3 |
individually, info in the bank |
|
| Currency, indices and commodities futures and options in major stock exchanges |
184 |
|
| Fund subscription/redemption deals |
| Purchase of shares of: |
Tariff |
Minimum charge5 |
| money market investment funds |
|
20 EUR/ 25 EUR6;8 |
| debt financial instruments investment funds |
1% |
20 EUR/ 25 EUR6;8 |
| mixed (balanced) investment funds |
1.50% |
20 EUR/ 25 EUR6;8 |
| stock, hedge and other investment funds |
2.50% |
20 EUR/ 25 EUR6;8 |
| Redemption of shares of: |
|
|
| Citadele investment funds |
Free of charge |
|
| other investment funds |
5 EUR/ 15 EUR7;8 |
|
Effective from 02.05.2012.
1 Bank’s commision is charged in the currency of transaction if it is EUR, USD or GBP otherwise the commision will be determined based on the regional principle: Europe - EUR, non Europe – USD.
2 Additional commission is charged for the processing of purchase or sale transaction. When purchasing stocks traded in the GB exchanges, additional charge is Stamp Duty Tax (info in the bank)
3 Additional commission is charged for the processing of purchase or sale transaction.
4 Commission is charged in the currency of transaction.
5 Minimum charge is not applied to funds registered in the Republic of Latvia, as well as Citadele Baltic Sea Equity fund.
6 Transactions with investment funds administered by the bank’s co-partners (ie. Bank has signed cooperation agreement with investment fund managers and distributors – the list of investment funds see here) EUR 20 commision is applied, for other funds – EUR 25.
7 Transactions with investment funds administered by the bank’s co-partners (ie. Bank has signed cooperation agreement with investment fund managers and distributors – the list of investment funds see here) EUR 5 commision is applied, for other funds – EUR 15.
8 If currency of the transaction is not EUR, commision is calculated in the currency of the transaction and bank's official currency rate is used for conversion purpose.
Financial instruments Accounts Administration, Financial Instruments Custody and Transaction Settlements1;5
| 1.1 Opening of a financial instruments account |
2 LVL |
| 1.2 Financial instruments safekeeping commissions2 |
|
| 1.2.1 Treasury Bills of the Republic of Latvia |
0.0020% |
| 1.2.2 Citadele investment funds shares registered in Latvian Central Depository |
0.0075% |
| 1.2.3 Financial instruments of Latvia(excluding those, mentioned at points 1.2.1. and 1.2.2.), other EU countries, Norway, Switzerland, USA domestic markets, foreign investment funds and international financial instruments registered in Euroclear/Clearstream depositories |
0.010% |
| 1.2.4 Safekeeping of financial instruments of other domestic markets |
0.030% |
| 1.2.5 Minimum commission for financial instruments safekeeping |
0.5 LVL |
| 1.3 Reception of financial instruments |
| 1.3.1 Reception of financial instruments from Latvian, Lithuanian, Estonian depositories |
free of charge |
| 1.3.2 Reception of financial instruments of Sweden, Finland, Denmark, Norway, Poland, UK, USA, Russian domestic markets and international financial instruments registered in Euroclear/Clearstream depositories |
4 LVL |
| 1.3.3 Reception of financial instruments of other domestic markets |
info in bank |
| 1.4 Transfer of financial instruments |
| 1.4.1 Transfer FOP (free of payment) and DVP (delivery versus payment) of Latvian domestic market financial instruments (in LVL currency) |
4 LVL |
| 1.4.2 Transfer FOP (free of payment) and DVP (delivery versus payment) of Latvian, Lithuanian, Estonian domestic market financial instruments (in other currencies) |
8 LVL |
| 1.4.3 Transfers of international financial instruments registered in Euroclear/Clearstream depositories |
15 LVL |
| 1.4.4 Transfers of financial instruments of Sweden, Finland, Denmark, Norway, Poland, Germany, UK, USA, Russian domestic markets and foreign investment funds shares |
30 LVL |
| 1.4.5 Transfer between two Bank clients' financial instruments accounts (commission from client who transfers financial instruments) |
1 LVL |
| 1.4.6 Transfers of financial instruments of other domestic markets |
info in bank |
| 1.5 Purchase/redemption transaction settlements |
| 1.5.1 Settlements with financial instruments of UK and international financial instruments registered in Euroclear/Clearstream depositories |
4 LVL |
| 1.5.2 Settlements with financial instruments of Sweden, Finland, Denmark, Norway, Poland, Germany domestic markets and with bonds of USA domestic market |
10 LVL |
| 1.5.3 Settlements of conversion, restructurization, split/merger etc., handling of Financial instruments’ corporate transactions |
1 LVL + actual cost3 |
| 1.5.4 Payments for Repo transactions |
5 LVL |
| 1.5.5 Settlements with financial instruments of other domestic markets |
info in bank |
| 1.6 Other services |
| 1.6.1 Deregistration of financial instruments |
3 LVL |
| 1.6.2 Shares blocking for shareholders' meeting |
5 LVL |
1.6.3 Statements and References, issued in the bank:
Financial instrument’s portfolio statement, statement of movement of financial instruments and money and/or account statement;
Statement of movement of specified financial instrument;
Standart referencies of total value of financial instrument’s portfolio |
5 LVL |
| 1.6.4 Nonstandard referencies |
10.00 LVL |
| 1.6.5 Withholding tax сertification in local and foreign depositories |
min 25 LVL |
| 1.6.6 Fee for negative balance of client's cash account for performing financial instruments transactions (percent per year)4 |
24% |
Effective from 01.07.2011
1 Fees/commissions for services not stated in the tariffs are estimated by the Bank independently or upon agreement with a client. All fees are recalculated from the currency stated in the Bank fees and charged in the total/aggregate currency of client's financial instruments portfolio, excluding fees for transaction settlements that are withheld in the currency of transaction. For some of the European countries the fees may differ, information available in the bank.
2 Commissions are calculated from the financial instruments market value at the end of the month, or from nominal for non-liquid financial instruments.
3 Commission can be withheld within 3 months from the date of submission of client’s application. Actual amount of expenses depends on execution place and other terms of the application.
4 Commission is calculated per each day and charged at the end of the month, if client has not concluded supplementary agreement on margin transactions.
5 Fees for Legal entities requiring specific services, as well as for Financial institutions are set individually.
6 Transactions with investment funds administered by the bank’s co-partners (ie. Bank has signed cooperation agreement with investment fund managers and distributors – details available in the Bank) EUR 20 commision is applied, for other funds – EUR 25.
Security