New Commissions1 applicable from May 24, 2018

1. Monthly fee for the servicing of the accounts of entities being in the process of insolvency, bankruptcy or under temporary administration

10 %2, Min 500 EUR 

2. Additional monthly fee for the servicing of the accounts of legal entities, registered in jurisdictions mentioned in the list adopted by Renesource Capital3

150 EUR 

3. Additional monthly fee for servicing of the accounts of clients registered in the form of “Limited Partnership (LP)”

50 EUR 

4. Fee for the reputational risk of Renesource Capital raised by Client’s activities, in result of which Renesource Capital has suspicions in regard to the violations by the Client of the normative acts (in the areas of prevention of the money laundering, national and international sanctions, market abuse and other areas) or the decision on termination of the business relations is made

10 %4, Min 10 000 EUR

5. Fee for the failure of the Client to submit the information and documents in due time, indicated by Renesource Capital in the request and/or in case when submitted documents and/or information do not correspond or is insufficient to the requirements set out by Renesource Capital in the request to the Client

100 EUR per each case5 and 10 EUR per each day of the delay

6. Fee for the review of the documents related to the change of the beneficial owner of the client – non-resident of Latvia

100 EUR

7. Additional monthly fee for the safekeeping of the Client’s  Assets6, when business relations are unilaterally terminated by Renesource Capital: 

- up to 3rd  month (including);

- from 4 th up to 6th month (including);

- from 7 th  month.    

1,5 %, Min 100 EUR

5 %, Min 5000 EUR

10 %, Min 10000 EUR

8. Additional monthly fee for the custody of the Client’s Assets 7, when Renesource Capital refused to hold them and informed the Client accordingly:

- up to 3rd  month (including);

- from 4th up to 6th month (including); 

- from 7th   month.

1,5 %, Min 100 EUR

5 %, Min 5000 EUR

10 %, Min 10000 EUR

9. Fee for the such Client Asset8 transfer (FOP), which Renesource Capital has refused to hold:

- up to 2 weeks;

- from 3rd  week up to  3rd  month (including);

- from 4th  month up to 6th  month (including); 

- from 7th   month.

1,5 %, Min 100 EUR

3,5 %, Min 1000 EUR

5 %, Min 5000 EUR

10 %, Min 10000 EUR

10. Additional fee for holding securities of issuers in the process of insolvency, bankruptcy, liquidation or non-existing legal entities

1.5% per year



1 If it results in negative balance of the Client’s Assets (portfolio) - the Commissions will be withheld partially until the balance of the Client’s Assets (portfolio) becomes 0, the full Commissions will not be withheld, but accrued;

2 From the average value of the Assets (portfolio) held on Client’s accounts calculated on the date when fees started to be applicable;

3 The fee is payable for one account only if the Client has more than one account with Renesource Capital;

4 From the average value of the Assets (portfolio) held on Client’s accounts with Renesource Capital during the last 90 days until the day when fees started to be applicable (per each case);

5 The payment of the fee does not release the Client from obligation to submit the documents and information in the quantity and quality requested by Renesource Capital;

6 From the value of the Client Assets (portfolio) on the Client's accounts in the Renesource Capital, or from the nominal value of the Assets on the date of fee withholding (the highest value is used). Fee is applied additionally to the standard  fee for holding Assets according to the Price List, the fee is applied for each calendar month from the first day of the month and regardless of the actual number of days;

7 From the value of the Assets (portfolio) which the Renesource Capital refused to hold, on the Customer's accounts with the Renesource Capital or from the nominal value of the Assets on the date of fee withholding (the highest value is used). Fee is applied additionally to the standard fee for holding Assets in accordance to the Price List, the fee is applied for each calendar month from the first day and regardless of the actual number of days;

8 From the value of Assets (portfolio), from which the Renesource Capital refused to hold, on the Customer's accounts in the Renesource Capital or from the nominal value of the Assets (the highest value is used). Renesource Capital carries out the withdrawal of Assets only on the FOP basis and only to the Client accounts in other regulated financial institution. Transfer to the third-party accounts is prohibited. The Client is obliged to provide documentary evidence of the account opening with financial institution where Assets are transferred.

 

Account maintenance (in force since 02.07.2014.)

Account opening/closing

Commission fee 1

Financial instruments account opening

Free of charge

Financial instruments account closing

Free of charge 10

Funds transfers

Commission fee 1

Deposit into a financial instruments account 2

35.00 EUR / 50.00 USD*

Deposit  to an assets management account / trust account

Free of charge

Deposit to a FX Micro account

Free of charge

Withdrawal from a financial instruments account 2

35.00 EUR / 50.00 USD*

Funds transfer between financial instruments accounts of the same customer 2

Up to 35.00 EUR / Up to 50.00 USD*

* - Or equivalent in another currency 

 

Payments investigations 3

Commission fee 1

Order to cancel a payment in any currency

7.50 EUR

Payment investigation

7.50 EUR

Payment alteration

7.50 EUR

Securities transfer within Euroclear and Clearstream

Commission fee 1

DVP/RVP

15.00 EUR / 20.00 USD

Securities transfer within Nasdaq OMX

Commission fee 1

Receipt of securities

 

Securities registered in Latvia, Lithuania and Estonia

Free of charge

Securities registered in Clearstream

Free of charge

Other securities

Information in the Company

FOP (Free Of Payment) securities transfer

 

Securities registered in Latvia

2.85 EUR

Transfer of securities registered in Latvia to the initial register

5.50 EUR

Transfer of securities registered in Latvia to the register of insolvent companies (rehabilitation, bankruptcy,  liquidation)

Free of charge

Securities registered in Lithuania and Estonia

6.00 EUR

Securities registered in Clearstream

9.00 EUR

Securities transfer between accounts of the same customer in Renesource Capital

Free of charge

Transfer of other securities

Information in the Company

Alteration of transfer instructions

3.00 EUR

Securities transfer cancellation, if the Latvian Central Depository didn’t perform the settlement

10.00 EUR

Deregistration of securities

3.50 EUR

DVP (Delivery Versus Payment) NASDAQ OMX Riga, NASDAQ OMX Tallinn, NASDAQ OMX Vilnius securities settlement

 

Settlements in EUR

4,00 EUR

Settlements in other currencies

9.50 EUR

Securities transfer cancellation, if the Latvian Central Depository didn’t perform the settlement and the settlement is in EUR

4.50 EUR

Securities transfer cancellation, if the Latvian Central Depository didn’t perform the settlement and the settlement is in foreign currency

9.50 EUR

Securities transfer cancellation, if the settlement is in foreign currency with the foreign depository

9.00 EUR

Securities settlement in Clearstream (per instruction)

23.00 EUR

Securities transfer between accounts of the same customer in Renesource Capital

Free of charge

Settlement of other securities

Information in the Company

Corporate events treatment

Commission fee 1

Blocking of the securities for participation in the shareholders meeting

Free of charge

Representation of the customer interests at the  shareholders meeting (including voting)

Information in the Company

Conversion,  distribution, restructuring and merger of securities

Actual costs

Dividends, coupons and interest payments

Free of charge

Dormant account 4

Commission fee 1

Dormant account maintenance 5

Up to 35.00 EUR / 50.00 USD

Commission fee for a negative balance

Commission fee 1

Percent fee for a negative balance on customers’ accounts in USD

9%

Percent fee for a negative balance on customers’ accounts in other currencies

15%

Statements, certificates, sending of documents

Commission fee 1

Standard  statement (on the next working day after the transaction)

Free of charge

Nonstandard statement 6

10.00 EUR

Archive search and reissue of documents (for one document)

7.50 EUR + VAT 7

 

Certificate issued by Renesource Capital 8

 

Certificate of FI account presence and balance

4.50 EUR + VAT

Certificate of cooperation

14.50 EUR + VAT

Notarized certificate of the Company

Actual costs + 15.00 EUR + VAT

Other certificate by the customer’s request

7.50 EUR + VAT

Confirmation of the auditor’s request

35.50 EUR + VAT

Documents delivery by request 9

 

By express mail within Latvia

7.50 EUR + VAT

By express mail outside Latvia

43.00 EUR + VAT

By standard mail within or outside Latvia

min. 3.00 EUR + VAT

Additional services  

Printout from the LURSOFT database, prepared by the Company

Actual costs + 1.50 EUR per document + VAT

Formal invitation of the Company customer to Latvia

14.50 EUR + VAT

The commission fees for services that are not listed in the tariffs table are determined by Renesource Capital on an individual basis and their values are available in the Company. For more information, please contact the Brokerage Department at +371 67 092 737.

To start using Renesource Capital fiduciary services, you need to sign the Contract on rendering services on the Financial and Capital markets, including the sections “General conditions for transactions” and special conditions for “Brokerage and depository services”.

1 The customer should choose the base currency of the account in the Application for entering into the Contract on rendering services on the Financial and Capital markets. Commission fees for FI safekeeping, assets management, assets transfer etc. are debited in the base currency of the account.

2 In cases where the expenses associated with the Customer’s funds transfer exceed the shown limits, the Customer is obliged to fully compensate the Company for any losses associated with such funds transfer.

3 In cases where the financial instruments account at the counterparty or corresponding bank is already debited, Renesource Capital does not guarantee that the transferred amount will be returned.  Renesource Capital only returns the transferred payments if the funds were received from the counterparty, the corresponding bank or the beneficiary’s bank. In cases where the counterparties charge additional commission fees during the investigation process, the actual costs are additionally charged to the Customer. The company will provide the actual costs breakdown and justification.

4 A dormant account is the financial instruments account which has shown no activity (transactions in financial instruments) for 6 months. If the Customer has several financial instruments accounts with Renesource Capital and there was at least one transaction in financial instruments on one of them during the last 6 months, the dormant account maintenance fee is not charged.

5 The dormant account maintenance fee cannot produce negative account balance and does not assume the account closing.  The fee will not be charged if the average account(s) balance is above 35 EUR/50 USD.

6 Nonstandard Customer report allows the possibility to receive the detailed statement in a different, containing the financial instruments investment services that were provided by the Company. Within a scope of investment services, the Company provides the special customized statement, developed according to the detailed listing of the Customer’s individual requests and wishes.

7 Value-added tax, rate of 21% is in force since 01.07.2012.

8 The information about the Certificate preparation term will be available at the time of submission of an application.

9 Extra fee is charged according to the Price list for the document delivery by express or standard mail to the address specified by a customer.

10 At the Financial instruments (FI) account closing, the commission fee for funds withdrawal from a FI account is charged according to the established tariffs. If the FI account balance is not enough to cover the commission fee for funds withdrawal, Renesource Capital reduces the account balance by the amount which does not exceed the account balance to cover its expenses. In force since 27.09.2014. 

Risk Disclosure Statement. Margin transactions (Forex, contracts for difference CFD, futures and futures options, stock options, REPO transactions, transactions in over-the-counter derivatives and transactions using broker credit, including selling short) involve higher risk. The level of risk increases with the leverage ratio. As the result of margin transactions, relatively high profits are possible with low level of initial investments, as well as significant losses which may exceed the principal amount of investments or the amount of the collateral. Please ascertain whether margin transactions in their essence and content suit the risk profile that was assigned to you by AS IBS Renesource Capital and whether the content of margin transactions corresponds to your investment goals.

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