OFFICIAL FEES YEAR 2018

Transcription

1 OFFICIAL FEES YEAR

2 II/ FEES APPLICABLE TO SIB ACCESS SERVICES A. MANAGED SITES Market Member connection through Communication Lines Managed by Sociedad de Bolsas Establishment, homologation and service tests: (one-off) Additional or Backup connections for Market Members through Communication Lines Managed by Sociedad de Bolsas Establishment, homologation and service tests: (one-off) Homologated Backup Centers (service providers) Establishment, homologation and service tests: (one-off) This fee will be charged per requested connection. The installation of Managed Sites can only be established from one of the four Stock Exchange sites. Co-locationCenter Market Member Access Connection fee: per month. B. UNMANAGED SITES Market Member connection Establishment and service tests: (one time) C. TERMINALS Managed Site Terminal Kill-Button Connection Terminal Service SIBE TERMINAL SIBE TERMINAL SIBE TERMINAL BACKUP MAIN TERMINAL SIBE TERMINAL BACKUP REMOTE SIBE TERMINAL TERMINAL MAB (*) 300 /month 100 /month 150 /month 100 /month 300 /month 100 /month (*) For access to the Net Asset Value module only. 2

3 SIBE terminal installation will only be possible in market members offices with communication lines managed entirely by Sociedad de Bolsas. In all other cases, a Terminal Service connection is possible, however with access limited exclusively for block and special trades. D. ACCESS TO THE SYSTEM THROUGHHOMOLOGATED INDEPENDENT SOFTWARE VENDORS (ISVs) Access capacity to SMART SIBE platform Messages/second Price /month /month /month /month /month Access capacity is measured in terms of messages sent to the System from an ISV through InterfaceSMARTGate FIX, i.e. messages introduced into the SMART SIBE System. Contracted access capacity will be distributed by number of FIX sessions (member code+user code). Access capacity can be distributed in the number of FIX sessions requested by the market member. The number of sessions will be subject to the approval of Sociedad de Bolsas, according to technical and security reasons in the trading systems. Capacity of less than 50 messages per secondcannot be used by more than one homologated ISV, but it can be split between the different Stock Exchange codes that one same Market Membermay have. In addition to that, centralized ISVswill be able to access a single capacity of 4 messages per second with a fee of 350 /month for Market Member code. Those market members that are also members of MAB and/or Latibex will have an additional FIX session of 1 message per second in the corresponding segment. Special FIX sessions MULTI-LOGON CONNECTION (*) (up to 4 codes, minimum 50 messages/sec) 350 /month DROP-COPY CONNECTION No-Trader with private information (maximum 1 message/sec) 250 /month 3

4 (*) The fee for Multi-Logon session is additional to the cost of contracted capacity. III/ FEESFOR INSTALLATIONANDTRANSFER OF SIBE TRADING DEVICE Theinstallation of trading terminals/servers to market members will be invoiced at 115 /device. The transfer of trading terminals/servers to market members will be invoiced at 115 /device. This price does not include the cost of moving the device, nor the hours dedicated by Sociedad de Bolsas staff, that will be budgeted on a case by case basis according to the devices to be transferred. The transfer of communication devices will be invoiced at 800 per pair of router and switch. 4

5 IV/ ACCESS FEESVIA INTERFACE A. Homologations Homologation ISV Homologation general fee 1 st trading segment Additional segments Re-homologation general fee Maintenance fee 1 st trading segment Additional segments st trading segment /year Additional segments /year B. Access Interface to Private Information (Drop Copy) Connection fee Connection fee (*) Maintenance fee Monthly maintenance fee 250 month (**) (*) Connection feewill not be invoiced if the IOM connection is associatedto an ISV. (**) Monthly maintenance fee will not be invoiced if the private information corresponds only to the associated ISV. C. Multimember Interface Company that offers multimember service (one-off fee)

6 V/ IBEX INDICES LICENSE FEES The license to use the IBEX Indicesand its associated trademark is subject to the following fees: Framework agreement The continuous use of the IBEX Indices, according to the terms indicated in a correspondingframework agreement, will be subject to the following fees: Fees Framework IBEX35 license agreement ISSUES OF SECURITIES REFERRED TO IBEX 35 INDICES /year INVESTMENT FUNDS, DEPOSIT AND INSURANCE CONTRACTS REFERRED TO IBEX35 INDEX (Not Exchanged Traded Funds) GLOBAL FRAMEWORK AGREEMENT(Issues of securities referred to the IBEX 35 index, Investment Funds, deposit and insurance agreements) ISSUES OF SECURITIES REFERRED TO THE BELOW MENTIONED IBEX 35 BASED INDICES: IBEX 35 SHORT IBEX 35 DOUBLE SHORT IBEX 35 SHORT X3 IBEX 35 SHORT X5 IBEX 35 DOUBLE LEVERAGE IBEX 35 DOUBLE LEVERAGE GROSS IBEX 35 DOUBLE LEVERAGE NET IBEX 35 LEVERAGE X3 IBEX 35 LEVERAGE NET X3 IBEX 35 LEVERAGE NET X /year /year /year Fees Framework IBEX35 TARGET VOLATILITYlicense agreement INITIAL FIXED FEE ANNUAL VARIABLE FEE 0,10% with a minimum of

7 The IBEX 35 TARGET VOLATILITY is associated with a fixed fee payable once the contract is signed and an annual variable fee in Euros equivalent to 10 basis points of the average nominal or notional volume between January 1 st and December 31 st referenced to the IBEX 35 TARGET VOLATILITY on which the consideration is payable. According to these fees we establish a bonus, whenever the requesting entity meets each and every one of the following requirements: - To hold a global license frame mode IBEX 35 - An entity of the Group (Group understood as the concept explained in the Art. 42 of the Commercial Code)of the requesting entity is the issuer of the license, of at least one exchange-traded fund ( ETF ) in the Spanish Stock Market, who sunderlying is an index of the IBEX 35 family. - Assume a firm commitment and provable investment in product promotion of the entity referenced to the index series IBEX 35 VOLATILITY OBJECTIVE higher than With the bonus, the initial fixed rate is and the annual variable rate is 2 basis points per year with a minimum of This bonus will last for 3 years. Fees Framework license agreement for Strategy IBEX 35 Indices on derivatives ISSUES OF SECURITIES REFERRED TO THE BELOW MENTIONED IBEX 35 BASED INDICES: IBEX 35 BuyWrite IBEX 35 PutWrite IBEX 35 ProtectivePut IBEX 35 Venta de Strangle VIBEX IBEX 35 SKEW Initial Fixed Fee Annual Variable Fee 0,02% with a minimum of The Strategy IBEX 35 Indices on derivatives is associated with a fixed fee payable once the contract is signed and an annual variable fee in Euros equivalent to 2 basis points of the average nominal or notional volume between 7

8 January 1 st and December 31 st referenced to the Strategy IBEX 35 Indices on derivatives on which the consideration is payable. Fee Framework license agreement for Short and leverage Indices Family on Stocks Underlying BBVA Index BBVA Leverage X3 Index BBVA Leverage X5 Index BBVA Short X3 Index BBVA Short X5 Underlying Inditex Index ITX Leverage X3 Index ITX Leverage X5 Index ITX Short X3 Index ITX Short X5 Underlying Santander Index SAN Leverage X3 Index SAN Leverage X5 Index SAN Short X3 Index SAN Short X5 UnderlyingTelefonica Index TEF Leverage X3 Index TEF Leverage X5 Index TEF Short X3 Index TEF Short X5 ISSUES OF SECURITIES REFERRED to a máximum of 6 underlying stocks year ISSUES OF SECURITIES REFERRED from the sixth additional underlying stocks year Issues of securities Will be subject to one of the following fees, depending on the value of the assets referred to IBEX Indices at the issuance of such securities: Up to 30 million Euros Between 30 and 60 million Euros Over 60 million Euros In case of basket issues with an amount referred to IBEX indices not higher than 30 million Euros, the fee will be divided by the number of indices referred in the issue. 8

9 Funds Will be subject to a one-off fee of payable at the closing of the license contract and an annual variable fee in Euros equivalent to 1 per (0,5 bps) of total assets in the fund referred to IBEX indices on December 31 st of each applicable year. Deposit and Insurance Contracts Will be subject to a one-off fee of payable at the closing of the license contract and an annual variable fee in Euros,attributable on December 31 st each year,equivalent to 1 per (0,5 bps) of total assets associated to these contracts referredto IBEX indices. Issues of securities, funds and Deposit Insurance Contracts on Indexes of IBEX 35 Target Volatility Will be subject to an annual variable fee in Euros equivalent to 1 basis point of the nominal or notional average volume between January 1 st and December 31 st, referenced to the index IBEX 35 TARGET VOLATILITY on which the consideration is payable. The fees mentioned here do not include the value added tax. 9