GENERAL SCHEDULE OF FEES AND CHARGES

Service Description Commissions and Fees
Brokerage 0.2% of Order total amount
Settlement instruction sending 100.00$
Settlement instruction refusal 100.00$
Custody / Safekeeping 0.2% of total amount
Cash withdrawal 0.2% of the total amount
Foreign Exchange 0.25% of the total amount
Investment Advice 0.2% of the total amount
REPO Transactions on the OTC market 0.5% annual of total amount

 

 

Example (Eurobonds)

 

The Client wishes to buy 5 million of ABC Eurobonds with a nominal value $1.00 at a price of 126% of nominal and a coupon rate equal to 3,875%. The trade has a settlement day T+2 (two days after order placement).

 

Quantity * Price * Nominal Value = Total Value

Coupon Rate * Nominal Value * accrued days / number of days in a year = Accrued Interest

 

Therefore, the trade will have a total value of $6,300,000.00 (5,000,000 * 126% * 1) and the accrued interest will be $26,909.72 on the settlement date T+2.

 

Brokerage fee calculation:

 

Brokerage commission * Total Value + Instruction commission = Brokerage fee

0.2% * $6,300,000.00 + $100.00 = $12,600 + $100.00 = $12,700

 

Total expense:

 

Total Value + Accrued Interest + Brokerage fee = Total Expense

$6,300,000.00 + $26,909.72 + $ 12,700 = $6,339,609.72

 

How to calculate the fee for safekeeping:

 

  1. Quantity * Nominal Value = Base

that is 5,000,000.00 * $1.00 = $5,000,000.00

 

  1. Base * p.b / number of days in a year * number of days in a month  = fee in $

that is $5,000,000.00  *  0.002 / 360 * 30 = $ 833.33 (The Client will pay the fee for safekeeping if the securities remain on the custody account on the last business day of the month).

1 p.b (basis point ) = 0.0001