Standard List of Fees and Commissions for Corporate Clients

Transcription

1 Standard List of Fees and Commissions for Corporate Clients Expobank CZ a.s., Vítězná 126/1, Prague 5, PSČ , IČ: (hereinafter only Bank) Valid from

2 I. Opening, maintaining and closing of current accounts A. Opening, maintenance and closing of current accounts Opening an account Opening of another account in each currency Account closing Maintaining an account - according to delivery of account statement monthly (by post / ) weekly (by post / ) daily/after transaction (by post / ) Each statement Opening and maintenance of savings account Opening and maintenance of deposit account 250,- / 150,- p.m. 300,- / 200,- p.m. 400,- / 300,- p.m. B. Main Current account for Notarial/Lawyer Escrow accounts Opening an account Account closing Maintaining an account - according to delivery of account statement monthly (by post / ) weekly (by post / ) daily/after transaction (by post / ) Each statement Opening and maintenance of deposit account 50,- p.m. 100,- p.m. 200,- p.m. 1. Notarial/Lawyer/Court Escrow accounts* Opening an account for interest bearing accounts (one-time fee at the time escrow is accepted) Notarial/Lawyer Escrow account 200,- Court Escrow account Opening an account for non-interest bearing accounts (one-time fee at the time escrow is accepted) Notarial/Lawyer/Court Escrow account Maintaining an account Account closing Each statement Domestic payments and settlements

3 Incoming payments Outgoing payments Cash transaction Cash deposits Cash withdrawals * All fees related with Escrow accounts will be charged to the client's main account C. Deposit and savings accounts 1. Expo Business Savings Account [1] Maintaining an account according to delivery of account statement Monthly (by post / ) Daily (by post / ) 150,- Each statement Expo Business Savings Account includes: Opening of Expo Business Savings Account Cancellation of Expo Business Savings Account Providing account balance information over the telephone 30,- Minimum balance 0,- Expo Direct - Internet Banking Set up and administration fee [2] Domestic payments and settlements Incoming payments Four (4) monthly outgoing domestic payments [3] Other outgoing payments Entry, change, and cancellation of a recurring payment order via Internet Banking 30,- per transaction Cash transaction Cash deposits 1) These charges are also valid for the product LBBW Business Savings Account offered until ) Issue of authenticator and re-generated PIN is charged in accordance to the valid List of Fees for Expobank Internet Banking. 3) entered by electronic means (standard one-time and recurring payments) 2. Expo Business Savings Account in EUR [1] Maintaining an account according to delivery of account statement Monthly (by post / ) Daily (by post / ) 150,- Expo Business Savings Account includes: Opening of Expo Business Savings Account

4 Cancellation of Expo Business Savings Account Providing account balance information over the telephone 30,- Minimum balance 0,- EUR Expo Direct - Internet Banking Set up and administration fee [2] Cash transaction Cash deposits 1) These charges are also valid for the product LBBW Business Savings Account in EUR offered until ) Issue of Authenticator and re-generated PIN is charged in accordance to the valid List of Fees for Expobank Internet Banking. 3. IQ Business Savings Account with notice period Opening of the account Maintenance of the account Cancellation of the account Minimum balance Internet banking activation (information services) 0,- CZK / 0,- EUR Fee for the Internet Banking Service (information services) ** Incoming domestic payments * Cash deposit Outgoing domestic payments 20,- * Penalty for failure to the month notice period 0,25 % from withdrawal Account statement Account statement Fee for sending account statement: - monthly (by post / ) 0,- - daily (by post / ) 150,- Other payments and settlements follows part II. of Standard List of Fees and Commissions for Corporate Clients - Payments and Settlements, Clean Payments in Foreign Currencies. * Valid only for IQ Business Savings Account ** Issue of Authenticator and re-generated PIN is charged in accordance to the valid List of Fees for Expobank Internet Banking. 4. IQ Business Savings Account Opening, maintenance and cancellation of the account Incoming domestic payments Account statement Account statement (sent monthly) Other payments and settlements follows part II. of Standard List of Fees and Commissions for Corporate Clients - Payments and Settlements, Clean Payments in Foreign Currencies. D. Services related to transfers and payments realized on accounts Fax Contract Issuance of code card "Tan list" for fax contract 100,-

5 Blocking of a current account upon account holder's request 100,- E. Services related to statements of current accounts and bank confirmations Each statement mailed Extra copies of account statements - current year 100,- Extra copies of account statements - previous years 500,- Additional account statement in second language Electronic reporting of account statements via electronic banking system MULTICASH Reporting of account statements via MT940 Messages - SWIFT 500,- p.q. 650,- p.m., or equivalent in other currency Written confirmation of account balance - fax inland 100,- Written confirmation of account balance - fax abroad 150,- Written confirmation of account balance - mail 100,- Written confirmation of account balance - SWIFT 150,- Confirmation of paid-in capital 500,- Confirmation of deposit of funds for capital increase 500,- Assignment of deposit 1.000,- Assignment of deposit in favour of a third bank ,- II. Payments and Settlements, Clean Payments in Foreign Currencies A. Domestic payments and settlements incoming payments (valid for payments from CZK accounts to CZK accounts) Incoming payment from other domestic bank 5,- Incoming payment within the Bank Establishment and cancelling of direct debit agreement, agreement to SIPO Change of direct debit agreement, agreement to SIPO 30,- Outgoing payment to other domestic bank in paper form 70,- Establishment and cancellation of standing order Change of standing order 30,- Transfer within the Bank from CZK account to CZK account in paper form 35,- Express / urgent outgoing payment to other domestic bank in paper form 300,- Standing order execution (outgoing payment) 5,- Direct debit, SIPO (outgoing payment) 5,- Request for direct debit in paper form 20,- Electronic Banking Outgoing payment to other domestic bank 5,-

6 Establishment, change or cancellation of standing order Standing order execution within the Bank (outgoing payment) Standing order execution to other domestic bank (outgoing payment) 5,- Transfer within the Bank from CZK account to CZK account (outgoing and incoming payment) Express / urgent outgoing payment to other domestic bank 300,- per item Request for direct debit 7,- Internet Banking Outgoing payment to other domestic bank 5,- Establishment, change or cancellation of standing order Standing order execution within the Bank (outgoing payment) Standing order execution to other domestic bank (outgoing payment) 5,- Transfer within the Bank from CZK account to CZK account (outgoing and incoming payment) Express / urgent outgoing payment to other domestic bank 300,- per item Request for direct debit 7,- B. Foreign and foreign currency payments (for foreign payments, payments in foreign currency, payments to the debit of foreign currency accounts or payments in favour of foreign currency accounts) Outgoing foreign payment 0.9 % min. 500,- max ,- Express / urgent payment delivered on paper application standard fee + 500,- Expo Express immediate outgoing foreign payment to AS Expobank (Latvia) and Expobank LLC (Russia)* Establishment of standing order 100,- Change of standing order 100, ,- Standing order execution (outgoing payment) 0.9 % min. 500,- max ,- Incoming foreign payment 0.9 % min. 350,- max ,- Incoming Expo euro payment** 200,- flat Incoming foreign payment for non-customers 0.9 % min. 500,- max ,- Transfer within the bank from foreign currency and/or in favour of foreign currency account in paper form Incoming payment from another domestic bank in favour of foreign currency account 10,- Outgoing payment from a foreign currency account to other domestic bank in a paper form 70,- 35,- Electronic Banking Outgoing foreign payment 0.9 % min. 350,- max ,- Express / urgent payment delivered on paper application standard fee + 500,- Expo Express immediate outgoing foreign payment to AS Expobank (Latvia) and Expobank LLC (Russia)* Transfer within the Bank Outgoing payment from foreign currency account to another domestic bank 7, ,- Establishment, change or cancellation of standing order Standing order execution order within the Bank Foreign standing order execution (outgoing payment) 0.9 % min. 350,- max ,- Standing order execution from foreign currency account to another domestic bank 7,-

7 Internet Banking Outgoing foreign payment 0.9 % min. 350,- max ,- Express / urgent payment delivered on paper application standard fee + 500,- Expo Express immediate outgoing foreign payment to AS Expobank (Latvia) and Expobank LLC (Russia)* Transfer within the Bank Outgoing payment from foreign currency account to another domestic bank 7, ,- Establishment, change or cancellation of standing order Standing order execution within the Bank Foreign standing order execution (outgoing payment) 0.9 % min. 350,- max ,- Standing order execution from foreign currency account to another domestic bank 7,- C. Other services Issuing of receipt for payments carried out / received 200,- Additional information about payment 300,- Suspended payment notification sent by Rejected / cancelled payment notification sent by Notification of the rejection / cancellation of the payment delivered via post Change of instructions of already executed payment Cancellation of already executed payment 60,- per item 90,- per item 300,- + charges of other banks 300,- + charges of other banks * Payment in EUR, USD, RUB and CZK **- the payment currency must be EUR - the payment amount may not exceed EUR the payment must be originated in a member state of the EU and be destinated for the member state of the EU - the fee instruction must be "SHA" (fee splitting) - the payment must contain the valid IBAN of the beneficiary - the payment must contain the valid BIC of beneficiary's bank - the payment must not contain any additional information for the bank - the information on the payment order must be precise and may not lead to inquiries These charges are also valid for the product LBBW euro payment offered until III. Cash Transactions A. Cash transactions Cash deposits to own account (to the account of the depositor or account to which the depositor has a right of disposal or deposit made by the employee of the owner of the account) Cash deposits to someone else s account made by the client of the bank (depositor is not the owner of the account or has right of disposal to the account) Cash deposit to someone else s account (depositor is not the owner of the account or has right of disposal to the account) 70,- (paid by depositor) Deposit or withdrawal of bigger number of coins (over 100 pieces) 1 % min. 100,- Cash withdrawals 65,- per transaction Cash withdrawals in foreign currency 1 % / over 0.5 mil. 0.5 %

8 Not-announced withdrawal according to the Bank's business terms and conditions 0.2 % Unrealized announced withdrawal 0.2 % Not-announced withdrawal in foreign currency according to the Bank's business terms and conditions 0.4 % Unrealized announced withdrawal in foreign currency 0.4 % Deposit of the takings - surcharge for processing of more than 15 deposit transactions of the Client per calendar month* *) Deposits made by third party are not account 70,- per deposit proceeded in the calendar month B. Foreign exchange - according to foreign exchange list of Expobank CZ a.s. CZK to foreign currencies (we sell) Foreign currencies to CZK (we buy) 2 % min. 50,- C. Other cash services Foreign exchange of damaged banknotes 10 % Exchange of banknotes (interchange, change etc.) 5 % min 25,- max 1.000,- Exchange of domestic banknotes and coins sorted by nominal value up to 100 units of the same nominal value Incoming payment collectable in cash only 1 % min 500,- IV. Documentary Letters of Credit A. Export and domestic suppliers letters of credit Pre-advice 1.000,- flat Advising commission / Advising of the L/C amount increase 0.2 % min ,- Handling commission 0.3 % min ,- Transfer of L/C 0.3 % min ,- Confirmation commission / the amount increase of confirmed L/C / prolongation of confirmed L/C validity* Deferred payment commission under confirmed L/C* Supervisory commission (unconfirmed L/C without forfaiting) 0.1 % min ,- Taking up of risk (unconfirmed L/C with forfaiting)* Amendment fee Closing of L/C due to non-utilisation / cancellation of L/C before expiry date 1.500,- flat 1.500,- flat Repeated claim due to not received instructions (second and following) 300,- Pre-checking of documents Advising of L/C to other bank first pre-check, each next min ,- - max , ,- flat Discrepancies in the documents 1.500,- Preferential processing of L/C 1.000,- Registration of L/C / amendment 1.000,- Proposal of wording of L/C min ,- Forfaiting - flat contractual fee Consultancy in connection with the L/C

9 B. Import and domestic buyers letters of credit Pre-advice Commission for opening of L/C / increasing of L/C amount / prolongation of L/C validity plus commitment fee** Deferred payment plus commitment fee** 1.000,- flat 0.1 % min ,- monthly plus commitment fee ** 0.15 % min ,- monthly plus commitment fee ** Handling commission 0.3 % min ,- Amendment commission Closing of L/C due to non-utilization utilization / cancellation of L/C before expiry date 1.500,- flat 1.500,- flat Cancellation of L/C before issuing Express processing of application and opening of L/C within 2 (two) working days after submission of application to bank 2.000,- flat 2.500,- Proposal of wording of L/C min ,- Release of goods (goods shipped to the disposal of our bank) 1.500,- Consultancy in connection with the L/C Discrepancies in the documents 1.500,- Processing and evaluation of request for issuance of L/C / for providing of credit facility for issuance of L/Cs Preparation of contractual documentation / amendment of contractual documentation related to providing of L/C / credit facility for L/Cs C. Other services related to letters of credit Confirmation of assignment of the proceeds of L/C 2.500,- flat Transfer of the L/C proceeds in favour of customer of other bank 2.000,- Administration of outstanding documents for longer than 1 month 1.000,- monthly Confirmation issued at the client s request to L/C, min. 300,- Fees for other services not stated in the List of Fees will be charged as agreed. * depending on the creditworthiness of the issuing bank and lifetime of the L/C, resp. deferred payment ** depending on the creditworthiness of the client, collateral, lifetime and risk profile of the transaction Client can further be charged with telecommunication and postage costs arising from processing of Documentary Letters of Credit. These expenses are booked as follows: - SWIFT message: CZK 150,- - Fax message (one page): CZK 100,- inland; CZK 150,- Europe; CZK 200,- overseas; - telephone, mail, courier services: according to actual expenses V. Documentary and Bill Collections A. Seller s - export collection Handling commission 0.3 % min ,- Preferential processing of collection / payment 1.000,- Amendment of instructions 750,- Return of documents free of payment 1.500,- Repeated claims of collection instructions (second and following) / reminder of payment 300,-

10 Cancellation of collection order 1.000,- The fee for the transfer of the proceeds to a third bank 2.000,- Administration of overdue collection (fee is charged for administration of outstanding documents after expiry of 1 month from its due date) 500,- monthly Confirmation issued at the client s request to collection, min. 300,- Fees for other services not stated in the List of Fees will be charged as agreed. B. Purchaser s - import collection Handling commission 0.3 % min ,- Preferential processing of collection / payment 1.000,- Amendment of instructions 750,- Custody of a Bill of Exchange with a deferred payment 0.1 % min ,- Obtaining of acceptance of a Bill of Exchange 500,- Documents released "free of payment" 1.500,- Sending of collection instruction to other bank 500,- Repeated claims of collection instructions (second and following) / reminder of payment 300,- Release of goods (goods shipped to the disposal of our bank) 1.500,- Protest for non-payment, non-acceptance of a Bill of Exchange 1.500,- plus costs of notary Aval of import Bill of Exchange* Administration of overdue collection (fee is charged for administration of outstanding documents after expiry of 1 month from its due date) 500,- monthly Confirmation issued at the client s request to collection, min. 300,- Fees for other services not stated in the List of Fees will be charged as agreed. * depending on the creditworthiness of the client, collateral, lifetime and risk profile of the transaction Client can further be charged with telecommunication and postage costs arising from processing of Documentary and Bill Collection. These expenses are booked as follows: - SWIFT message: CZK 150,- - Fax message (one page): CZK 100,- inland; CZK 150,- Europe; CZK 200,- overseas; - telephone, mail, courier services: according to actual expenses VI. Credit Facilities, Information Service A. Loans Interest rate to be agreed upon, depending on market conditions, type of transaction and risk assessment of client. Commitment fee (calculated over the unused amount of credit) Credit maintenance fee (including overdraft) Fees for other services related to credit (lawyer services, expert evaluation of provided security, etc.) 500,- p.m. charged according to the actual expenses

11 B. Letters of guarantee Issuing of the guarantee / counter-guarantee / promise to issue a guarantee, min ,- Issuing of guarantee based on counter-guarantee* Commitment fee (calculated from the amount of the issued guarantee / counter-guarantee / promise to issue guarantee), in case of amount increase / extension of validity**, min ,- p.q. Amendment fee of a guarantee / counter-guarantee / promise to issue a guarantee, min ,- Advising of a guarantee 0.1 % min ,- - max ,- Advising of guarantee amendment 1.500,- Express processing of application and issuing of guarantee / counter-guarantee / promise to issue guarantee within 2 (two) working days after submission of application to bank 2.500,- Discharge the claim under guarantee / counter-guarantee 0.2 % min ,- Lodge the claim under guarantee / counter-guarantee 0.2 % min ,- Examination of guarantee wording and documents for lodging the claim under guarantee based on the request of the client 2.000,- Proposal of wording of guarantee / counter-guarantee / promise to issue guarantee, min ,- Cancellation of guarantee / counter-guarantee / promise to issue guarantee before issuance 2.000,- Repeated claim due to not received instructions (second and following) 300,- Administration of guarantee / counter-guarantee / promise to issue guarantee (fee is charged per every commenced month) Registration of a guarantee / guarantee amendment 1.000,- Confirmation issued at the client s request to guarantee / counter-guarantee / promise to issue guarantee Providing of services in connection with received guarantee (verification of signatures on guarantee / guarantee amendment /examination of guarantee wording / amendment wording etc.) Consultancy in connection with a guarantee / counter-guarantee / promise to issue a guarantee Processing and evaluation of request for guarantee / counter-guarantee / promise to issue guarantee / for providing of credit facility for guarantees / counter-guarantees / promises to issue guarantees Preparation of contractual documentation / amendment of contractual documentation related to providing of guarantee / counter-guarantee / promise to issue guarantee / credit facility for guarantees / counter-guarantees / promises to issue guarantees External services related to guarantee / counter-guarantee / promise to issue guarantee 500,-, min. 300,-, min. 500,- plus real costs, according to actual expenses Fees for other services not stated in the List of Fees will be charged as agreed. * depending on the creditworthiness of the issuing bank and lifetime of the guarantee / counter-guarantee ** depending on the creditworthiness of the client, collateral, lifetime and risk profile of the transaction Client can further be charged with telecommunication and postage costs arising from processing of guarantee / counter-guarantee / promise to issue guarantee. These expenses are booked as follows: - SWIFT message: CZK 150,- - Fax message (one page): CZK 100,- inland; CZK 150,- Europe; CZK 200,- overseas; - telephone, mail, courier services: according to actual expenses C. Informational service Auditors - inquiries: - client with commitment 1.500,- flat + VAT - client without commitment 1.000,- flat + VAT Bank information Other extraordinary services not listed in this List of Charges - per each commenced 15 min 1.000,- flat + VAT 250,- + VAT

12 VII. Investment Services and Treasury Sales products A. Trading domestic investment instruments In addition to fees for agency services for transactions and services paid to the bank, the client pays the external fees for example of Recording of investment instruments in CDCP (valid List of Fees of CDCP can be found on ), pursuant to their current list of rates, if their services were used. Expenses paid by Expobank CZ a.s. to third parties are added to the transaction fees listed below, if their services were used. 1. Domestic shares the fee for share trade 0.80 % of the trade volume, min ,- The commission is charged from each fully and partially satisfied instruction - separately for the individual titles of investment instruments and separately for each individual and partially satisfied instruction. 2. Domestic bonds the fee for bond trade 0.60 % of the trade volume, min ,- B. Trading mutual funds Costs Expobank CZ has to pay to third parties in case their services have been used are added to the below listed transactional fees. Fee for executed deal Management fee Redemption Switch individual in accordance with the terms and conditions of the investment company individual in accordance with the terms and conditions of the investment company difference between up-front fee, min % C. Trading with ETF, foreign shares, bonds and investment certificates 1. ETF, Foreign Shares Fee for executed deal 0.80 %* of trade volume, min ,- 2. Foreign bonds the fee for bond trade 0.60 %* of trade volume, min ,- 3. Investment certificates Primary issue Secondary market - purchase 1.00 %* min ,- Secondary market - sale 0.70 %* min ,- according to the conditions determined for an individual emission, max % * Costs Expobank CZ has to pay to third parties in case their services have been used are added to the above listed transactional fees. 4. Joints provisions Management fee 0,30 % p.a. D. Repo transactions and Pledges Fee for executed deal (counterparty is always Expobank CZ a.s.) 500,- Margin call 150,- Pledge of foreign investment instruments for currency hedging purposes

13 E. Joint provisions for trading domestic and foreign investment instruments Conclusion of commission Agreement Submission of binding instructions Cancellation of uncovered purchase/sales instructions by bank 100,- Instructions not carried out Fee for preparing confirmation/notice - first copy Fee for preparing confirmation/notice - each additional copy 50,- Fee for the provision of other information with securities trading in written form 50,- F. Management of investment instruments registered at the Central Securities Depository (CSD) 1. Provision of account statements of the investment instruments owner* Account statement of the owner required on the account balance after inclusive client knows his/hers number in CSD 300,- client does not know his/hers number in CSD 500,- Account statement of the owner required on the account balance before client knows his/hers account number in CSD 550,- client does not know his/hers account number in CSD 750,- 2. Pledges* Registration, change of number of pledged investment instruments or cancellation of pledge of investment instruments 1.000,- 3. Other services* Other services requiring communication with CSD * Service is provided to clients of Expobank CZ a.s. G. Treasury Sales products Foreign currency transaction and currency derivatives Deposit transactions VIII. Payment Cards / EUR / USD A. Payment Card Usage Fees 1. Card Issue 2. Monthly Fee Maestro Business 100,- / 3.60 / 4.60

14 MasterCard Business - Standard Programme 130,- / 5,- / 6,- MasterCard Business - Executive Programme 250,- / 9,- / 12,- Additional Fee for Express Card Issue (with PIN code within 48 hours) 2,000,- / 73,- / 100,- 3. Limitations to Payment Card Usage Card Blocking Entry on Stoplist Automatic transfer from Card Blocking to Stoplist Card Unblocking 4. Other Services Account balance inquiry at an ATM Domestic 6,- / 0.20 / 0.30 Account balance inquiry at an ATM Abroad 6,- / 0.20 / 0.30 Change of PIN at ATM 50,- / 1.80 / 2.50 Mailing of forgotten PIN code 100,- / 3.60 / 5,- Additional statement of transactions 40,- / 1,50 / 2,- Issuing a card duplicate (in case of damage or change of name) 200,- / 7.30 / 10,- Re-issuing of the card (in case of loss or theft) 200,- / 7.30 / 10,- Change of weekly limit at the card 20,- / 0.75 / 1,- Change of ecommerce limit (limit for internet payments) Request for supplementary transaction documentation 300,- / 11,- / 15,- B. Payment Card Transactions Fees Withdrawal at ATM Domestic 6,50 / 0,24 / 0,32 Abroad 2.5 % of the amount min. 80,- / 3,- / 4,- Withdrawal at cash counters Cash Advance Domestic 20,- / 0.75 / 1, % of the amount Cash Advance Abroad 2.5 % of the amount min. 80,- / 3,- / 4,- Payments at merchants IX. Other Services A. Hiring of safe deposit boxes Safe deposit boxes are available only in branches: Praha - Václavské náměstí, Brno nám. Svobody and Plzeň. Concrete sizes according to each branch. Max volume (cm 3 ) yearly rental fee VAT VAT

15 VAT VAT VAT VAT VAT VAT VAT VAT Advance payment for lending of two keys 4.000,- Late vacation of safe deposit box after the contract expiration ,- Not paying rental fee within 10 calendar days after the due date 200,- B. Mail boxes Using the hold mail box Advance payment for lending of two keys 1.000,- Late vacation of safe deposit box after the contract expiration 5.000,- individual price list available at each branch if boxes at disposal C. Escrow Account Fee for Providing and Maintenance of Escrow Account Checking of the documents 1.000,- Change of agreement - amendment fee 2.000, ,-; over , , % of total amount* *to be agreed (in extraordinary cases) D. Cash pooling Maintaining an account in the Cash pooling group to be agreed E. Cash concentrating Maintaining an account in the Cash Concentrating group to be agreed F. Other Execution at the client s account fee for processing 500,- X. Electronic Banking Services A. MULTICASH MULTICASH system installation (including consultancy and training) Connection of existing MULTICASH installation of other bank to Expobank CZ a.s Monthly maintenance fee (including electronic account statements, lists of foreign exchange rates of Expobank CZ a.s., actual account balance information, help-desk service, system up-grade) 8.000,- flat 4.000,- flat 800,- p.m.

16 Additional training of MULTICASH users 3.500,- Technical intervation in MULTICASH system on the client s request 3.500,- B. Expobank Internet Banking* Fee for the Internet Banking Service: Expo Direct Fee for the Internet Banking Service: Expo Business Direct Authenticator 30,- p.m. 200,- p.m. 350,- + VAT Re-generated PIN / PUK envelope 100,- * These charges are also valid for the products LBBW Direct and LBBW Business Direct offered until XI. Miscellaneous yearly 1) on Fee for an increment in deposits The fee for an increment in clients' deposits when the total amount of clients deposited funds in all currencies amounts to no more than CZK 30 million as at 31 December The fee for an increment in clients' deposits when the total amount of client s deposited funds in all currencies exceeds CZK 30 million as at 31 December 0.15 % 1) The deposit balance increment fee is applicated on the base. The base equals the difference between the total amount of the client's deposits as at 31 December of the relevant year and the highest of the following three values: a) CZK 30 million, or b) average daily balance of the client's deposits for the period from 1 October of the preceding year to 30 September of the relevant year, or c) daily balance on 31 October of the relevant year If the base is negative the fee equals zero. The base consists of the funds deposited in current and savings accounts, term deposits and in deposit notes of the client in all currencies except of a term deposits and deposit notes opened before 30 November and not renewed after 30 November. The fee is calculated annually and is payable no later than on the last business day of March of the following year, and is charged to any customer's account in the Bank. For converting foreign currencies into/from CZK is used average rate promulgated by Česká národní banka. For operations not mentioned above, the Bank will charge a fee based on the amount of time involved in handling such an operation or act, proficiency of the worker performing the operation or act, their wage costs, and on the level of risk to be undertaken by the Bank by performing so. With regard to all these operations, we will debit the customer's current account for all postal communication and other costs such as taxes or other expenses paid by the Bank. At any moment the bank may replace this List of fees and commissions at reasonable extent in accordance with the rules set in General Business Conditions of the Bank in articles to (or respectively in valid General Business Conditions for consumer loans and credit cards in articles 21.2 to 21.5). Regarding the change of the List of fees the Client is granted the rights according to the above mentioned articles of General Business Conditions of the Bank (or respectively General Business Conditions for consumer loans and credit cards). Fees and commissions are unless otherwise stated. Czech National Bank spot middle rate valid at the day of processing is used to convert all fees stated and booked in a foreign currency with the exception of the fees bound to processing of foreign payments to which middle rate of the Bank is applied.