Equities Depository and Settlement Fee Schedule

Transcription

1 1 st Floor 9 Fricker Road, Illovo Boulevard Illovo, Sandton 2196, South Africa PO Box 78608, Sandton 2146 Johannesburg, South Africa Tel: Fax: Equities Depository and Settlement Fee Schedule Fee ON-MARKET SETTLEMENT FEE* s in respect of trades in uncertificated securities that were executed on the JSE. The fee arises when settlement takes place and is charged. R R CANCELLED OR FAILED ON-EXCHANGE TRANSACTIONS (CLIENT TYPE 1, 2, 3, 4, 5 and 6)* This fee relates to the cancellation or failure of a that was submitted for settlement by the. The fee arises when a settlement is cancelled or failed and is charged to the. R 5.70 R5.00 OFF-MARKET SETTLEMENT FEE (CLIENT TYPE 00)* s in respect of trades in uncertificated securities not concluded through the JSE which is reported by the seller and purchaser to the relevant CSD. is charged. R51.30 R45.00 OFF-MARKET UNLISTED SECURITIES (CLIENT TYPE 00)* in respect of trades in uncertificated securities which are reported by the seller and purchaser to the relevant CSD. is charged. R17.10 R15.00 PORTFOLIO MOVEMENT (CLIENT TYPE 31) * a free-ofpayment transfer in uncertificated securities when a client changes service providers and the beneficial ownership is unchanged. The free-of-payment transfer may take place between two CSD s, two Brokers, two Investment managers or a combination thereof. R6.22 R5.46

2 and is charged. ACCOUNT TRANSFER (CLIENT TYPE 30)* This fee relates to a free-of-payment transfer when a client transfers uncertificated securities between his accounts and the beneficial ownership is unchanged. The free-of-payment transfer may take place between a Client s Securities Accounts, either at a single CSD s or between CSD s. R34.20 R30.00 and is charged. LENDING ACCOUNT TRANSFER (CLIENT TYPE 33)* This fee relates to a free-of-payment transfer when a client transfers uncertificated securities between his Securities Account and his Lending Account. and is charged. R6.22 R5.46 DEPOSITORY RECEIPT (CLIENT TYPE 40) * s in negotiable US (or foreign) uncertificated securities representing ownership of uncertificated securities in a non- US (or foreign) company which is reported by the seller and purchaser to the relevant CSD. R R The fee arises when settlement takes place and is charged. OFF-MARKET SECURITIES LENDING AND BORROWING, EQUITIES This fee relates to a free-of-payment transfer of an uncertificated security between a borrower and a lender. and is charged. R R COLLATERAL (CLIENT TYPE 50) * 2

3 STRATE QUERY CHARGES This fee relates to the provision of information, on a real-time basis relating to s reported to the CSD. The fee arises when the information is provided and is charged request. R request R 9.83 request STRATE REPORT CHARGES This fee relates to the provision of information, not on a real-time basis relating to s reported to the CSD. The fee arises when the information is provided and is charged request. R request R 9.83 request CONTRACT NOTE FEE In addition to the on-market settlement fee, which is recovered from the CSD, an Ad-Valorem fee is charged to the for settlement. Where the value of the is less than R Where the value of the is greater than R but less than R Where the value of the is greater than R The fee arises when a is issued by the member and is charged at a flat rate. Note: In the case of proprietary accounts, a fee is charged aggregate buys and aggregate sells, counter, day account The following fees relate to the different tiers in the description: R % of the contract note value R The following fees relate to the different tiers in the description: R % of the contract note value R CONTRACT NOTE FEE TAX FREE SAVINGS AND INVESTMENT ACCOUNTS In addition to the on market fee, which is recovered from the CSD, a flat fee is charged to the for settlement of Tax Free Savings and Investment Accounts (TFSA). The value of these s is currently below R33K. R4.39 R3.86 PLEDGE This fee relates to the processing of a where uncertificated securities are R R

4 transferred between the pledgor s available balance and the pledge balance pledge instruction pledge instruction REMATERIALISATION This fee relates to the processing of a where uncertificated securities are converted to certificated securities. This results in a decrease of the uncertificated holdings. R instruction R instruction The fee arises when the instruction is processed and is charged instruction. REMOVALS The fee is charged for the inward and outward movement of uncertificated securities in a foreign incorporated company between its branch register and primary register. This fee arises as a result of the update to the branch register and is charged instruction. R instruction R instruction PAY MONEY ONLY (PMO) AND RECEIVE MONEY ONLY (RMO) a where only a transfer of funds is required is charged. R 7.47 instruction R 6.55 instruction SAME DAY ADMINISTRATION FEE The fee relates to the additional activities formed in order to ensure that a request for settling a outside the oational windows. This fee arises when the settles and is charged request, which is over-and-above the normal settlement fee. R R STRATE BUSINESS PARTNER (CLIENT TYPE 51, 52, 53 AND 54) The Fee relates to the settlement of a Loan or Collateral in uncertificated securities reported by a Lending Desk who is a Business Partner. This fee arises when settlement takes place and is charged. R R

5 CANCELLED OR FAILED SECURITIES LENDING AND BORROWING TRANSACTIONS (CLIENT TYPE 51, This fee relates to the cancellation or failure of a Loan or Collateral in uncertificated securities reported by a Lending Desk who is a Business Partner. The fee arises when the is cancelled or failed and is charged to the Lending Desk. R 5.70 R , 53 AND 54) * The fees marked with * include message infrastructure charges. * Fees are charged in arrears unless otherwise specified. 5