Information Note 36/2016 of 14 March CADE SYSTEM FEES

Transcription

1 Information Note 36/2016 of 14 March CADE SYSTEM FEES Tax ID No.: A Companies Register of Madrid, Volume 15611, Book 0, Sheet 5, Page nº M , Entry 1 The purpose of this Information Note is to inform entities about the latest coding version and the subsections that shall be used to identify the fees applied by IBERCLEAR to the CADE System, in the corresponding bills. The fees approved by Circular 12/2016 for the CADE System have been included in the following table. Fees. REGULATIONS FEES AND PENALTIES FOR PARTICIPANTS CODE Regulation 2 Participation fee 2.1 Participation fee EN Regulation 3 Maintenance of Register 1.1.a.1 Safekeeping: PD Register GD 1.1.a.2 Safekeeping: Foreign securities fixed Income by CSD DD 1.1.b.1 Safekeeping: Corporate Debt FD 1.1.b.2 Safekeeping: Foreign securities fixed Income by CSD DD 1.1.b.2 Safekeeping: USD-denominated Corporate Debt securities b.2 Safekeeping: GBP-denominated Corporate Debt securities b.2 Safekeeping: CHF-denominated Corporate Debt securities b.2 Safekeeping: JPY-denominated Corporate Debt securities b.2. Safekeeping: MXN-denominated Corporate Debt securities b.2. Safekeeping: DKK-denominated Corporate Debt securities Safekeeping: Corporate Debt physical stock FF 2.4 Safekeeping: Bank of Spain F9 Palacio de la Bolsa Plaza de la Lealtad, Madrid

2 REGULATIONS FEES AND PENALTIES FOR PARTICIPANTS CODE Regulation 4 Transactions for securities in the CADE system Transfer instruction S0 Matching of a Free of Payment transfer with no change of beneficial J1 Final settlement of a Free of Payment transfer J2 Matching of an Against Payment transfer with no change of benef J3 Final settlement of an Against Payment transfer with no change of J4 Cash settlement of an Against Payment transfer J5 Settled Against Payment transfer (T2-BoS) J6 Transaction/lending-borrowing instruction Z0 Matching of a Free of Payment transfer with no change of benef K1 Final settlement of a Free Payment transfer with no change of K2 Matching of an Against Payment transfer with no change of benef K3 Final settlement of an Against Payment transfer with no change of K4 Cash settlement of an Against Payment stock lending-borrowing K5 Cash settlement of an Against Payment stock lending-borrowing (T2-BoS) K6 SWIFT settlement C1 SWIFT settlement rejection C2 Settlement rejection (T2-BoS) C3 4.2 Instruction cancellation for no answer and not receiving any Cancellation Instruction TA 4.3 Instruction cancellation for not receiving any Cancellation Instruction TK 4.4 Third party movement with reversal date G8 4.5 Third party movement without reversal date G1 4.6 Intraday financing G6 4.7 Blocking/unblocking G0 4.8 Segregating/Reconstructing Public Debt GA 4.9 Listing/Delisting Third-party Registry Corporate Debt FI 4.9 Listing/Delisting Third-party Registry PD G7

3 REGULATIONS FEES AND PENALTIES FOR PARTICIPANTS CODE Regulation 5 Financial and economic transactions 5.1 Corporate Actions OL 5.2 Corporate Actions not settled by IBERCLEAR OP 5.3 Emissions cash settlement by IBERCLEAR OI 5.4 Corporate actions. Holding Agents O1 5.4 Corporate actions. Payment agent O2 5.5 Withholding tax return AIAF. Per movement OZ Regulation 6 Rectifications 6. Rectification Securities Account Settlement CE Regulation 7 Register Inclusions and Exclusions 7. Inclusion of foreign equities AI 7. Exclusion of foreign equities BE 7. Inclusion/Exclusion of Foreign Equities by Link Entity A1 7. Inclusion/Exclusion Physical/Foreign Stock AIAF FX Inclusion/Exclusion Corporate Debt denominated in currencies 7. other than the euro A3 Regulation 8 Final settlement of Pledges 8. Certificate of Incorporation of a Fixed Income Deposit FP Regulation 9 Maintenance of the register of securities pledged as collateral 9. Safekeeping: Fixed income pledge custody fee AF Regulation 10 Transactions with participants from other Central Security Depositories 10.1 Stock delivery to the CSD TE 10.1 Stock receipt from the CSD TS 10.1 Stock issued by another CSD T Mandatory Corporate Actions by CSD OS 10.2 Voluntary Corporate Actions by CSD OV 10.3 Blocking/Unblocking of a deposit on an external stock R Service assistance to a CSD PS 10.4 Service per CSD securities dividend VM 10.4 Request for withholding tax return of CSD securities VN 10.4 Request for withholding tax certificate of CSD securities VP

4 REGULATIONS FEES AND PENALTIES FOR PARTICIPANTS CODE Regulation 11 Fees for entities for transactions involving foreign securities through the accounts that IBERCLEAR keeps with other Central Securities Depositories or clearing and settlement systems 11.1.a1 Safekeeping for a CSD M a2 Safekeeping for OeKB securities M a Internal Realignment incl. VAT M a Internal Realignment excl. VAT M a Transaction/lending-borrowing instruction Z a Matching of a Free of Payment lending/borrowing Z a Final settlement of a Free of Payment lending/borrowing Z a Matching of an Against Payment with lending/borrowing Z a Final settlement of an Against Payment with lending/borrowing Z a Lending-borrowing/Against Payment settlement Z a Transfer instruction S a Matching of a Free of Payment transfer with no change of benef S a Final settlement of a Free of Payment Transfer with no change of S a Matching of an Against Payment transfer with no change of benef S a Final settlement of a vs Payment transfer with no change of benef S a Securities transfer versus payment settlement S a Final cash settlement of an Against Payment transfer S a Internal Realignment incl. VAT M a Internal Realignment excl. VAT M Blocking/Unblocking CSD MM 11.4a)i Tax Reclaim Service MD 114a)i Tax Reclaim Service. Late processing ME 114a)ii General Meeting Services. MK 114a)ii CSD authentication certificates ML 11.5a)i Trade Settlement. BATCH MF 11.5a)i Trade settlement. REAL TIME MG 115a)ii Failed trade due to lack of cash MH 11.6 Manual Instruction Processing CSD MI

5 11.7 SWIFT FIN messaging fee AA REGULATIONS FEES AND PENALTIES FOR PARTICIPANTS CODE Regulation 12 Fees for other Central Securities Depositories or clearing and settlement systems with which IBERCLEAR has a connection for free of payment delivery of securities 12.1 CSD Membership fee EC 12.1 CSD Participant fee (par) ES 12.2 Safekeeping for a CSD DC 12.3 Charge to a CSD for a FOP delivery/receipt TC 12.4 Charge to a CSD for a mandatory corporate action OC 12.4 Charge to a CSD for a voluntary corporate action OG Fees for other Central Securities Depositories or clearing and settlement Regulation 13 systems with which IBERCLEAR has signed an agreement Participation fee EN Settled Against Payment transfer (T2-BoS) J6 T2-BoS Cash settlement of an Against Payment stock lendingborrowing K6 SWIFT settlement C1 SWIFT settlement rejection C2 Settlement rejection (T2-BoS) C3 Transfer instruction S0 Matching of a Free of Payment transfer with no change of beneficial J1 Final settlement of a Free of Payment transfer J2 Matching of an Against Payment transfer with no change of benef J3 Final settlement of an Against Payment transfer with no change of J4 Cash settlement of an Against Payment transfer J5 Transaction/lending-borrowing instruction Z0 Matching of a Free of Payment transfer with no change of benef K1 Final settlement of a Free Payment transfer with no change of K2 Matching of an Against Payment transaction with no change of K3 Final settlement of an Against Payment transfer with no change of K4 Cash settlement of an Against Payment stock lending-borrowing K5

6 Listing/Delisting Third-party Registry in Corporate Debt FI Third party movement without reversal date G1 Intraday financing G6 Listing/Delisting Third-party Registry PD G7 REGULATIONS FEES AND PENALTIES FOR PARTICIPANTS CODE Third-party movement with reversal date G8 Blocking/unblocking G0 13. bis. 1 Segregating/Reconstructing Public Debt GA 13.2 Safekeeping for CSD 1d 13.2 Safekeeping Physical Corporate Debt for CSD 1F 13.2 CSD Issuer. Safekeeping Public Debt 1G 13.2 CSD Issuer. Safekeeping Foreign Debt 1W 13.3 Management of technical means LD 13.3 Realignments... LE Realignments Mandatory Corporate Actions (Subaccount) Issuer 13.4 Model LF 13.5 Voluntary Corporate Actions Instruction LG 13.6 Voluntary Corporate Action Instruction Cancellation/Amendment LH 13.7 Manual upload Tax Reclaim Information LI 13.7 Quick Refund Files Public Debt LJ 13.7 Quick Refund Quick Refund Files Corporate Debt LT 13.7 Standard Tax reclaim LO 13.7 Standard Tax Reclaim received after IBC Deadline LP 13.8 Meeting card LQ 13.8 Meeting attendance. Deposit certificate LR 13.9 Manual Instruction Processing. LS SWIFT FIN messaging fee AA Regulation 14 Other treatment of balances 1 Total transfer of balances (no change of beneficial ) IA 14.2 Monthly subscription to the similar declaration service SI 14.2 Similar trades report. Ad-hoc report YI Regulation 15 For the real-time personal computer notification system 15 Real time notification system CS Regulation 16 For study, advice and entering transactions

7 16.1 Research/Assessment (fixed) to entities UY 16.1 Research/Assessment (variable) to entities UZ 16.2 Transaction instructions VF 16.3 Automatic provision of securities service H6 REGULATIONS FEES AND PENALTIES FOR PARTICIPANTS CODE Regulation 17 Other fees 17 Participants: several services VD Regulation 18 Automatic collateral management services 18 Collateral Guarantee Management AH Regulation 19 Penalties 19.1 No stock on the 2nd session H Penalty equivalent to a switch H Rectification Third-party amendments H Other penalties SP 19.3 No cash on first batch fixed income H4

8 REGULATIONS FEES FOR ISSUERS CODE Regulation 3 Register Inclusions and Exclusions 2.1 Listing of fixed income securities UB 2.2 Admission/Redemption Promissory Notes FV 2.2 Promissory Notes admission to the registry UC 2.3 Redemption UD 2.4 Partial registry exclusion UT 2.5 Admission/Redemption Promissory Notes FV 2.6 Drawing AS 2.7 Exclusion due to registry transfer UE Regulation 3 Other services 3.1 Assimilation OE 3.2 Withholding tax return Corporate Debt. Per coupon payment OX 3.2 Withholding tax return Corporate Debt. Per movement OY Regulation 4 For study and advice on transactions 4. Research/Assessment (fixed) to issuers VY 4. Research/Assessment (variable) to issuers VZ Regulation 5 Other fees 5. Issuers: several services VE

9 This coding will be preceded by a letter based on the market to which each fee refers, these being: AIAF Fixed-Income Market Book-Entry Public Debt Market Without market distinction Equities Investor (variable income) Equities Investor (fixed income) Fixed income and variable income equities investor A D N V F I The codes corresponding to the fee included in Regulation 19.3a are not subject to publication insofar as they are not included in any type of billing, but are charged directly through settlement accounts. Monthly bills that become effective through IBERCLEAR s settlement account, shall be payable on the eighth working day of every month. Madrid, 14 March Juan de Dios Pérez Fernández Deputy General Manager