Investment Services Fees
|
In the bank’s branch / By telephone |
Via Internet |
|
|---|---|---|
|
1. Opening of securities account1 |
Free of charge |
|
|
2. Trading in shares and exchange-traded funds (ETF)2 |
||
|
2.1. Europe: |
||
|
- Lithuania, Latvia, Estonia |
0.65 % (min. 5.00 EUR) |
0.20 % (min. 1.50 EUR) |
|
- Ireland (stamp duty of 1.0% applies for all purchases) |
0.50 % (min. 40.00 EUR) |
0.30 % (min. 30.00 EUR) |
|
- Austria |
0.50 % (min. 45.00 EUR) |
0.40 % (min. 35.00 EUR) |
|
- Belgium |
0.50 % (min. 40.00 EUR) |
0.30 % (min. 30.00 EUR) |
|
- Bulgaria |
0.80 % (min. 100.00 EUR) |
0.50 % (min. 75.00 EUR) |
|
- Czech Republic |
0.70 % (min. 90.00 EUR) |
0.50 % (min. 70.00 EUR) |
|
- Denmark |
0.50 % (min. 45.00 EUR) |
0.30 % (min. 35.00 EUR) |
|
- Great Britain (a stamp duty of 0.5% applies for all purchases of local shares) |
0.50 % (min. 45.00 EUR) |
0.25 % (min. 25.00 EUR) |
|
- Greece (a stamp duty of 0.2% applies for all sales) |
0.70 % (min. 100.00 EUR) |
0.70 % (min. 80.00 EUR) |
|
- Spain |
0.50 % (min. 45.00 EUR) |
0.30 % (min. 35.00 EUR) |
|
- Italy (a stamp duty of 0.22% for all purchases) |
0.35 % (min. 40.00 EUR) |
0.25 % (min. 25.00 EUR) |
|
- Croatia |
0.90 % (min. 40.00 EUR) |
0.70 % (min. 30.00 EUR) |
|
- Poland |
0.40 % (min. 20.00 EUR) |
0.30 % (min. 15.00 EUR) |
|
- Netherlands |
0.35 % (min. 45.00 EUR) |
0.25 % (min. 25.00 EUR) |
|
- Norway |
0.50 % (min. 45.00 EUR) |
0.30 % (min. 35.00 EUR) |
|
- Portugal |
0.35 % (min. 45.00 EUR) |
0.30 % (min. 35.00 EUR) |
|
- France (A financial transaction taxof 0.3% applies for all purchases) |
0.35 % (min. 45.00 EUR) |
0.25 % (min. 25.00 EUR) |
|
- Romania |
1.00 % (min. 75.00 EUR) |
0.60 % (min. 35.00 EUR) |
|
- Serbia |
1.10 % (min. 120.00 EUR) |
1.00 % (min. 100.00 EUR) |
|
- Slovakia |
0.90 % (min. 50.00 EUR) |
0.60 % (min. 40.00 EUR) |
|
- Slovenia |
1.20 % (min. 130.00 EUR) |
0.90 % (min. 80.00 EUR) |
|
- Finland |
0.35 % (min. 40.00 EUR) |
0.30 % (min. 30.00 EUR) |
|
- Sweden |
0.30 % (min. 45.00 EUR) |
0.25 % (min. 35.00 EUR) |
|
- Switzerland |
0.50 % (min. 50.00 EUR) |
0.30 % (min. 40.00 EUR) |
|
- Turkey |
0.90 % (min. 45.00 EUR) |
0.60 % (min. 35.00 EUR) |
|
- Hungary |
0.80 % (min. 55.00 EUR) |
0.60 % (min. 45.00 EUR) |
|
- Germany Xetra |
0.35 % (min. 25.00 EUR) |
0.25 % (min. 15.00 EUR) |
|
- Germany Frankfurt |
0.50 % (min. 35.00 EUR) |
0.40 % (min. 30.00 EUR) |
|
2.2. America: |
||
|
2.2.1. US |
0.30 % (min. 35.00 EUR) |
0.25 % (min. 20.00 EUR) |
|
(not less than USD 0.02 per share) |
||
|
2.2.2. Canada |
0.30 % (min. 30.00 EUR) |
0.25 % (min. 30.00 EUR) |
|
(not less than EUR 0.02 per share) |
||
|
2.3. Other foreign markets and equity securities distributed by the Bank |
As agreed |
|
|
3. Trading in investment funds |
||
|
3.1. Bond and money market funds |
0.30 % (min. 30.00 EUR) |
|
|
3.2. Equity and balanced funds |
0.50 % (min. 30.00 EUR) |
|
|
3.3. As agreed |
As agreed |
|
|
4. Trading in debt securities |
||
|
4.1. When a counterparty is a Bank (transaction out of stock exchange) |
Free of charge3 |
|
|
4.2. Lithuanian, Latvian, Estonian bonds, except Eurobonds |
0.20 % (min. 20.00 EUR) |
|
|
4.3. Lithuanian Govt. bond auctions on the NASDAQ Vilnius Stock Exchange |
0.02 % (min. 20.00 EUR) |
|
|
4.4. Bonds issued by other foreign countries, Eurobonds - outside of the stock exchange - on stock exchanges of foreign countries (except Nasdaq Baltic) |
- 0,25 % (min. 25 EUR) 0.25% (min. EUR 50) + third party fees |
|
|
4.5. Bulgaria, Czech Republic, Greece, Croatia, Romania, Slovakia, Slovenia, Turkey, Hungary |
0.25 % (min. 55.00 EUR or 100 USD, if DVP transaction’s* currency is USD) |
|
|
4.6. Unlisted debt securities |
0.25 % (min. 20.00 EUR) |
|
|
4.7. Debt securities distributed by the Bank |
As agreed |
|
|
5. Securities safekeeping fee (monthly)4 |
||
|
5.1. Lithuania |
0.005 % |
|
|
5.2. Latvia, Estonia |
0.007 % |
|
|
5.3. Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Great Britain, Greece, Ireland, Italy, Japan, Luxembourg, Norway, Netherlands, Portugal, Singapore, Spain, Sweden, Switzerland, United States |
0.014 % |
|
|
5.4. Bulgaria, Czech Republic, Georgia, Hong Kong, Croatia, Poland, Romania, Serbia, Slovakia, Slovenia, Turkey, Hungary, Ukraine |
0.035 % |
|
|
5.5. Bosnia and Herzegovina, Kazakhstan, Russia |
0.070 % |
|
|
5.6. Eurobonds |
0.008 % |
|
|
5.7. Units of investment funds: - Šiauliai bankas group companies - Other management companies |
- Free 0.015 % |
|
|
5.8. Unquoted financial instruments |
0.005% |
|
|
6. Transaction fees5 |
||
|
6.1. Free-of-payment transfer of securities of Lithuanian, Latvian, Estonian issuers to the account of another custodian or from the account of the Issuer |
10.00 EUR |
|
|
6.2. Free-of-payment transfer of investment fund units registered in Lithuania to the account of another custodian or from the account of the Issuer |
7.00 EUR |
|
|
6.3. Free-of-payment transfer of foreign securities to the account of another custodian |
10.00 EUR plus third party fees |
|
|
6.4. Tax-free transfer (acceptance) of securities of foreign issuers (non-Baltic states) |
7.00 EUR plus third party fees |
|
|
6.5. Settlement execution where the Bank acts as custodian of securities and/or funds |
45.00 or 70.00 EUR** |
|
|
6.6. Amendment, error correction, failure to confirm or cancelation of operation |
20.00 EUR plus third party fees |
|
|
6.7. Conversion of depository receipts (GDR, ADR) into shares |
50.00 EUR plus third party fees |
|
|
7. Registration of OTC transactions6 |
||
|
7.1. Registration of OTC transaction (purchase, sale, donation) of Lithuanian securities |
10.00 EUR |
|
|
7.2. Registration of OTC transaction (purchase, sale, donation) of foreign securities |
20.00 EUR |
|
|
7.3. Registration of an over-the-counter transaction settled with different securities custodians |
30.00 EUR plus third party fees |
|
|
7.4. Registration and settlement in USD of OTC transaction of foreign securities |
100.00 USD |
|
|
7.5. Preparation, registration and settlement of non-standard OTC transaction |
As agreed |
|
|
7.6. Securities inheritance transaction (fee is paid by the securities recipient) |
10.00 EUR |
|
|
7.7. Conclusion, extension of securities repurchase (repo) transaction |
100.00 EUR |
|
|
7.8. Amendment of securities repo transaction conditions, except term of repo |
50.00 EUR |
|
|
7.9. Pledging of securities7 |
15.00 EUR |
|
|
8. Additional services |
||
|
8.1. Representing the client in a meeting of shareholders (not available in some countries) |
EUR 120 + third-party fees |
|
|
8.2. Participation in a foreign securities event that is not mandatory (not available in some markets) |
EUR 35 + third-party fees |
|
|
8.3. Issuance of securities accounts statements from the document accounting archives of the issuer’s agent (in cases where the issuer’s securities accounting is no longer carried out by the agent) |
EUR 15 per security holder for statements from the securities accounts of a single issuer |
|
|
8.4. Provision of copies of securities transaction documents from the securities document accounting archive |
EUR 3 per page, but not more than EUR 50 |
|
|
8.5. Provision of additional reports8, extracts, certificates on request in Lithuanian/English |
Based on the rates for certificates and other confirmations |
|
|
8.6. Other services |
As agreed |
|
* Transactions that are executed on a delivery-versus-payment basis.
** For instructions received on the day of settlement, a fee of EUR 70 applies.
1 A personal securities account can be opened with the central securities depository. The price is determined by agreement.
2 Transaction fees are deducted in the transaction currency. The minimum transaction fees are recalculated into the transaction currency at the exchange rate between the euro and the foreign currency announced by the Bank of Lithuania on the transaction date. The minimum transaction fee in the secondary market applies to all intraday transactions in a single order. If the order is executed for several days, the minimum fee is calculated for each day of execution of the order. Some foreign exchanges may set a minimum order size or a minimum number of shares and its multiple. Some foreign countries have an additional financial transaction or stamp duty. This tax is levied according to the country of registration of the financial instrument and not according to its country of trading.
3 All transaction fees, including transaction margin, are included in the transaction price. When the Bank acts as a distributor of debt securities, the rate is set according to the agreement.
4 The monthly securities custody fee is calculated every month from the average value of balance of each securities account. The value of securities is determined based on the last published market price of securities on the stock exchange. If a market price is not established and in case of all deb securities a fee shall be calculated according to the nominal value of the securities. In case of the investment funds' units - according to the last price published by the administrator. The minimum storage fee for all securities is EUR 0.50. Depository receipts (ADR, GDR) may be subject to additional third party fees. Debt securities held in Nasdaq CSDs may be subject to the Nasdaq CSD fee applicable to interest disbarment.
5 If client’s securities are stored at third parties (foreign depositories, banks and other custodians), the third-party charges include fees for securities transfer applied by the custodians to the bank.
6 In the case of registration of an OTC transaction, the fee is payable by both parties to the transaction, unless otherwise specified. In the case of registration of an OTC foreign securities transaction, fees imposed by third parties (foreign depositories, other intermediaries) apply when the securities are deposited with those third parties. Changes to the terms of the normal billing cycle may result in an increased fee.
7 Shall not apply if securities are pledged as collateral to ensure fulfilment of liabilities arising from embedded derivative agreement.
8 Additionally submitted documents shall mean such documents (statements, reports, certificates, etc.) which, upon the client’s request, shall be submitted to the client additionally not including the documents which have to be provided by the bank to the client free of charge in compliance with the regulations.