SAFEKEEPING CHARGES Clause Samples
SAFEKEEPING CHARGES. The Client agrees to pay to the Broker all expenses and commissions incurred or charged by the Broker in connection with all Securities deposited and held in accordance with this Clause 10. The initial level of charges is set out in Section 12. The Broker may deduct the aforesaid charges from the Account.
SAFEKEEPING CHARGES. Assets Annual Under Custody Asset Fee $0 - $1 Billion 1 Basis Point $1 - $2 Billion 0.75 Basis Points $2 - $6 Billion 0.50 Basis Points $6 Billion + 0.25 Basis Points B. TRANSACTION CHARGES Cost Per Transaction Type Transaction ---------------- ----------- DTC $12 Federal Book Entry $10 PTC $10 Physicals $25 Maturities (Depository) $10 Maturities (Physical) $25 P&I Payments (Book Entry) $3 P&I Payments (Physical) $10 Fed Wires (from Custody account) $8 SHE (Shares Held Elsewhere) Trades $25 Forum Money Market Funds $3
SAFEKEEPING CHARGES. The annual basis point charges are applied monthly to the settled positions based on average daily balance. In addition to safekeeping, the asset charge covers the registrations of shares in nominee name, timely notification of corporate action information, and corporate action related cash processing (e.g. dividend and interest collections). The asset charge does not include transaction charges related to corporate actions transactions. US Book Entry Assets under Custody 1.0 bps US Mutual funds 2.00 bps US Physical / Microcap Securities 1.0 bps Euroclear Eligible Book Entry Securities 2.0 bps Monthly fee per line of stock per account USD 2.00 Transaction charges are applied to straight through processed (STP) transactions. DTC and Fed Book Entry Securities:2 3.00 Cross-Border 50.00 Manual Trade Settlement +20.00 Trade Repair +10.00 Trade Cancellation +10.00 Transaction charges are applied to straight through processed (STP) transactions. NSCC Eligible 75.00 Non-NSCC Eligible 250.00 Manual +25.00 Repair +30.00 Cancellation +25.00 Transaction charges are applied to straight through processed (STP) transactions, including corporate action related security movements, in the applicable markets. ADR Settlement 3.00 ADR Conversion or Cancellation 100.00 ADR/DTC eligible ordinary shares Tax Reclaim 300.00 ADR Distribution Per distribution, withheld from gross dividend. ADR Withholding Tax Per distribution, withheld from gross dividend when subject to withholding tax ADR Agent Pass-Through Fees Includes per Depository Service Fees (“DSF”), pass-through expenses, and other special fees charged to BNP Paribas by DTC Receive via Trade 250.00 Delivery (no Breakdown) 100.00 Deliver (with Breakdown) 280.00 Security Investigation 100.00 Lift Restriction 500.00 Materialization into Physical Shares 575.00 DRS 10.00 Pass Through Fees Pass through expenses and other special fees charged to BNP Paribas by DTC, transfer agent, and legal counsel. Receive via Client 550.00 Receive via Trade 250.00 Delivery (no Breakdown) 100.00 Deliver (with Breakdown) 330.00 Security Investigation 510.00 Lift Restriction 645.00 Outside Legal Counsel Review (for physical microcap securities requiring enhanced due diligence) 1.000.00 Pass Through Fees Pass through expenses and other special fees charged to BNP Paribas by DTC, transfer agent, and legal counsel. Monthly Line item charge for physical and book entry shares priced under $1.00 15.00 Please note that outside legal fees incurred for due ...
SAFEKEEPING CHARGES. Assets Annual UNDER CUSTODY ASSET FEE $0 - $1 Billion 1 Basis Point $1 - $2 Billion 0.75 Basis Points $2 - $6 Billion 0.50 Basis Points $6 Billion + 0.25 Basis Points B. TRANSACTION CHARGES Cost Per TRANSACTION TYPE TRANSACTION ---------------- ----------- DTC $12 Federal Book Entry $10 PTC $10 Physicals $25 Maturities (Depository) $10 Maturities (Physical) $25 P&I Payments (Book Entry) $3 P&I Payments (Physical) $10 Fed Wires (from Custody account) $8 SHE (Shares Held Elsewhere) Trades $25 CITIBANK A member of citigroup
SAFEKEEPING CHARGES. ASSETS ANNUAL UNDER CUSTODY ASSET FEE ------------- --------- $0 - $1 Billion 1 Basis Point $1 - $2 Billion 0.75 Basis Points $2 - $6 Billion 0.50 Basis Points $6 Billion + 0.25 Basis Points b. Transaction Charges Cost Per Transaction Type Transaction ---------------- ----------- DTC ID Affirmed $6 DTC Non ID $10 Federal Book Entry $10 PTC $10 Physicals $25 Maturities (Depository) $10 Maturities (Physical) $25 P&I Payments (Book Entry) $3 P&I Payments (Physical) $10 Fed Wires (from Custody account) $8 SHE (Shares Held Elsewhere) Trades $25 Forum Money Market Funds $3 A surcharge of $15 will be added for the processing of any facsimile instructions with the exception of same day trade investments into a money market fund advised by an affiliate of Forum.