|
PRICING POLICY
INVESTMENT SERVICES
ATHENS EXCHANGE SECURITIES TRANSACTIONS (ATH.EX.)
|
COMMISSION OF INVESTMENT BANK OF GREECE |
Maximum [4]
|
1% on transaction value |
|
Minimum
|
5€ per order confirmation slip |
|
EXPENSES & OTHER CHARGES |
Trading fees |
0.0125% on daily transaction value [1] |
|
0.06€ per order |
Clearing,
Settlement Fees
& Other Charges |
0.75€ per leg |
|
0.06% on transaction value [1] |
|
GREEK STATE TAX |
0.20% on the transaction value on sale of securities [1] |
O.T.C. TRANSFERS FOR SHARES, PREFERENCE RIGHTS, ETFs LISTED IN ATHENS EXCHANGE (ATH.EX.)
|
COMMISSION OF INVESTMENT BANK OF GREECE |
Maximum
|
1% on transaction value [2]
|
|
Minimum
|
5€ per transaction
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EXPENSES OF ATH.EX.
& OTHER EXPENSES |
O.T.C.Transaction (FoP)
|
0.06% on transaction value [2] with minimum fee of
20€
|
|
O.T.C.Transaction (DvP)
|
0.06% + 1€ on transaction value [2] with minimum fee of
21€
|
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GREEK STATE TAX
|
0.20% on the transaction value [2] on sale of securities
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O.T.C. TRANSFERS FOR BONDS LISTED IN ATHENS EXCHANGE (ATH.EX.)
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COMMISSION OF INVESTMENT BANK OF GREECE
|
Maximum
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1% on transaction value [2]
|
|
Minimum
|
5€ per transaction
|
EXPENSES OF ATH.EX.
& OTHER EXPENSES |
O.T.C.Transaction (FoP)
|
0.015% on transaction value [2] with minimum fee of
20€
|
|
O.T.C.Transaction (DvP)
|
0.015% + 1€ on transaction value [2] with minimum fee of
21€
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CYPRUS STOCK EXCHANGE TRANSACTIONS (C.S.E.)
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COMMISSION OF INVESTMENT BANK OF GREECE |
Maximum [4]
|
1% on transaction value |
|
Minimum
|
5€ per order confirmation slip |
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Fees for CSE |
|
Shares
/Warrants
/Rights
Main Market |
Shares/Warrants
/Rights
Emerging
Companies Market |
Shares
/Warrants
/Rights
any other market |
Government Bonds |
Corporate Bonds |
|
On the daily value of transaction |
|
Member subscription
“Percentage variable charge”"
(3) |
0.0125% |
0.0125% |
0.040% |
|
0.0001% |
|
Annual Member Subscription to the “Joint Guarantee Fund for execution of stock
exchange transaction” for the clearing and settlement of general clearing
transactions” |
0.005% |
0.005% |
0.005% |
0.005% |
0.005% |
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Transaction fee for transactions through ODL orders |
|
0.000% |
0.0050% |
|
|
|
Transaction fee for the conduct and clearing |
|
0.010% |
0.010% |
0.0001% |
0.000% |
|
Central Depository Fee for thw clearing of transaction |
0.020% |
0.025% |
0.025% |
0.005% |
0.005% |
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Other Fees
|
|
Fee per transaction for the conduct and clearing |
0.05 € |
0.05 € |
0.05 € |
0 |
0.05 € |
|
Fee per ODL order |
0.11 € |
0.11 € |
0.11 € |
0 |
0.11 € |
|
Settlement Fees |
0.75 € per leg |
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CYPRUS STATE TAX |
0.15% on the transaction value on sale of securities |
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DEPOSITORY FEES |
10€ for the establishment of the Investor share at DSS (Dematerialized Securities System) |
TRANSACTIONS ON BONDS AND OTHER FIXED INCOME SECURITIES (EXCLUDING ATH.EX./C.S.E.)
MAX COMMISSION
OF INVESTMENT BANK OF GREECE
ON TRANSACTION VALUE |
Duration in years |
ΑΑΑ |
Investment Grade |
Non Investment Grade |
0-1
|
0,160% |
0,260% |
0,400% |
1-3
|
0,200% |
0,325% |
0,500% |
3-5
|
0,240% |
0,390% |
0,600% |
5-10
|
0,320% |
0,520% |
0,800% |
10+
|
0,400% |
0,650% |
1,000% |
GLOBAL EQUITY MARKETS TRANSACTIONS
| EUROPE
|
(Austria, Belgium, Denmark, Finland, France, Germany, Holland, Italy,
Ireland,Luxemburg, Norway, Portugal, Spain, Sweden, Switzerland, U.K.)
|
|
COMMISSION OF INVESTMENT BANK OF GREECE |
Maximum [4]
|
1% on transaction value |
|
Minimum [4]
|
30€ per confirmation slip |
|
OTHER EXPENSES |
0.1% of the total transaction value |
|
On transactions in UK (LSE) there is a stamp tax of 0.5% on the net amount of the transaction |
|
On transactions in UK (LSE Buy / Sell) over £10.000 there is a fee of £1 |
|
GREEK STATE TAX |
0.20% on the transaction value on sale of securities |
| U.S.A
|
(NASDAQ,NYSE,AMEX, TSX)
|
|
COMMISSION OF INVESTMENT BANK OF GREECE |
Maximum [4]
|
1% on transaction value or 0.09$ per share |
|
Minimum [4]
|
30€ per confirmation slip |
|
OTHER EXPENSES |
On sell orders there is a charge of 0.001535% per order confirmation slip ( SEC FEE) |
|
GREEK STATE TAX |
0.20% on the transaction value on sale of securities |
| OTHER COUNTRIES
|
(Australia, Bulgaria, Czech Republic, Hong Kong, Hungary, Israel,
Japan, New Zealand, Poland, Rumania, Serbia, Singapore, South Africa, Turkey)
|
|
COMMISSION OF INVESTMENT BANK OF GREECE |
Maximum [4]
|
1% on transaction value |
|
Minimum [4]
|
30€ per confirmation slip πινακίδιο (Bulgaria, Japan, South Africa,
Romania, Serbia, Czech Republic, Hong Kong) |
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40€ per confirmation slip(Australia, Singapore) |
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50€ per confirmation slip(Israel, Poland, Turkey) |
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60€ per confirmation slip(New Zealand) |
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130€ per confirmation slip(Hungary) |
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OTHER EXPENSES |
Maximum charge: 0.75% on the transaction value of securities |
|
GREEK STATE TAX |
0.20% on the transaction value on sale of securities |
GREEK AND GLOBAL DERIVATIVES TRANSACTIONS
|
VENUE
|
MAXIMUM CHARGE |
|
ATH.EX (Index Futures)
|
25€ per contract |
|
ATH.EX ( Index /Stock Options)
|
10€ per contract |
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ATH.EX (Stock Futures)
|
1% on the transaction value |
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ATH.EX (Stock Repos)
|
6% on securities lending income |
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ATH.EX (Stock Reverse Repos)
|
0.20% on the transaction value |
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ATH.EX ( Repurchase Agreement)
|
0.20% on the transaction value |
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CBOE
|
$150 per contract |
|
CME
|
$150 per contract |
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COMEX/NYMEX
|
$150 per contract |
|
e-CBOT
|
$150 per contract |
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EUREX
|
50€ per contract |
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GLOBEX/NYMEX
|
$150 per contract |
|
IPE
|
$150 per contract |
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LIFFE
|
£100 per contract |
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MATIF
|
50€ per contract |
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NYBOT
|
$150 per contract |
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NYMEX
|
$150 per contract |
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OTHER EXPENSES of Athens Exchange & ATHEXClear |
MAXIMUM CHARGE |
|
Transaction fees on Index Futures & Options |
0.80€ per contract |
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Close fees on Index Futures & exercise –assign fees on Index Options |
1.60€ per contract |
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Transaction fees on Stock Futures & Options |
1.50€ per contract |
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Stock delivery fees from Futures or exercise –assign from Options |
0.90€ per contract |
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Transaction fees on Stock Repos |
10% on securities lending income |
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Transaction fees on Stock Reverse Repos |
0.03% on the transaction value |
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Transaction fees on Repurchase Agreement for covering Short Selling or Failed Trades |
0.04% on the transaction value with minimum charge 4.50€ (50€ Additional charge to the Buyer with same day stock delivery) |
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Cancelation - Rectification fees |
40€ per trade |
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Position Transfer fees |
88€ |
NOTIFICATION MESSAGE
From July 1st 2012, the Bank will charge 5€ (five euro) minimum commission per confirmation trade slip on Derivatives transactions of the Athens Exchange (ATHEX).
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PORTFOLIO MANAGEMENT SERVICES
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MANAGEMENT FEE OF INVESTMENT BANK OF GREECE
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DISCRETIONARY ASSET MANAGEMENT
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FIXED INCOME PORTFOLIO
|
Up to 0.30% of the portfolio value on a yearly basis
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BALANCED PORTFOLIO
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Up to 0.50% of the portfolio value on a yearly basis
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EQUITY PORTFOLIO
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Up to 1% of the portfolio value on a yearly basis
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ADVISORY ASSET MANAGEMENT
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Up to 0.25% of the portfolio value on a yearly basis
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OTHER CHARGES
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CUSTODY FEES |
Customers’ portfolio
under our custody with Average Daily Value of Assets (A.D.V.A.) 3,000€ and above, are charged
yearly 3€ flat custody fee plus a percentage based on the following scale,
with a minimum yearly fee of 10€
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From A.D.V.A.
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To A.D.V.A.
|
Percentage on A.D.V.A.
|
|
3,000.01
|
100,000,000.00
|
0.0031%
|
|
100,000,000.01
|
500,000,000.00
|
0.0029%
|
|
500,000,000.01
|
2,500,000,000.00
|
0.0027%
|
|
2,500,000,000.01
|
5,000,000,000.00
|
0.0026%
|
|
5,000,000,000.01
|
999,999,999,999,999.00
|
0.0023%
|
|
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CENTRAL DEPOSITORY FEES |
10€ for the establishment of the Investor share at DSS (Dematerialized Securities System) |
|
20€ for the transfer of securities from the investor special account to the operator code |
TRANSFER OF SECURITIES FROM
THE INDIVIDUAL INVESTORS ACCOUNT
TO THE JOINT INVESTORS ACCOUNT |
0.01% on the value of transfer for each client per movement |
|
Minimum charge 10€, Maximum 100€ per movement |
TRANSFER OF SECURITIES
FROM THE JOINT INVESTORS ACCOUNT
TO THE INDIVIDUAL INVESTORS ACCOUNT |
Shares, HDR's and Rights offering is 0.08% on the value of transfer where both sides of the transaction is charged.
Minimum charge 20€ per movement, where both sides of the transaction is charged. |
|
Bonds 0.015% on the value of transfer where both sides of the transaction is charged.
Minimum charge 20€ per movement, where both sides of the transaction is charged. |
COMMISSION OF THE BANK IN ORDER FOR INVESTORS
TO PARTICIPATE VIA OUR NETWORK IN SHARE CAPITAL INCREASE OR ISSUANCE OF
CONVERTIBLE BOND LOAN AGAINST PAYMENT OF CASH |
5€ per participation regardless of the amount of the investment in case no underwriting agreement has been signed with the issuer |
Note:
The Bank’s commissions include also the commissions or fees that are paid or will potentially be paid, to third parties, in the frame of exercise of its activities. The Bank notifies additional details of any allowances to third parties, on client demand.
[1] Trading Fees for bonds transactions amounted at 0.0001%.
Clearing and Settlement Fees for bonds transactions amounted at 0.015%.
Greek state tax does not applied on preference rights, ETFs and Bonds sales.
[2] Transaction value: is the maximum of the reported value and the value calculated based on the ATHEX EXCHANGE closing price of the trading session of settlement date minus 3 working days.
[3]
For simple Pre-agreed Price Trades for an amount over €175.000,
concerning shares listed at the Cyprus Stock Exchange and at the same time at
any other Stock Exchange , 0.0075%
[4] The commissions for Internet Trading ( IBGTrader and IBG GlobalMarkets), are presented
here.
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