UniCredit Bank Serbia JSC
Summary:
The amendments to the Tariff Rulebook of the Serbian CSD will enter into force on 1 February 2016
Mon, 25/01/2016
The Serbian Central Securities Depository and Clearing House (CSD) had introduced the amendments to its Tariff Rulebook with several new cost items, mainly referring to the issuers and CSD members.
New cost items compared to current ones are represented in the table below:
| FEE DESCRIPTION | NEW CSD TARIFF RULEBOOK | OLD CSD TARIFF RULEBOOK |
| Sale/purchase transactions concluded on the stock exchange as “block transactions” for shares | 0.12% of the market value per order but not more than RSD 500,000.00 | 0.18% of the market value per order (charged to member representing the seller) |
| Sale/purchase transactions concluded on the stock exchange as “block transactions” for debt securities | 0.05% of the market value per order but not more than RSD 900,000.00 | 0.05% of the market value per order (charged to member representing the seller) |
| Price difference payment for the shares, in accordance with the legislation (takeover bids, dissenting shareholder rights, selling rights, etc.) | 0.10% per order but not more than RSD 600,000.00 | |
| Exchange of financial instrument under the REPO agreement | RSD 1,000.00 | |
| Change of data under the REPO agreement | RSD 500.00 | |
| Transfer of financial instruments owned by legal entity due to cancellation of the company's registration | RSD 500.00 | |
| Transfer of financial instruments based on the rights held in a company, which is not a joint-stock company | RSD 500.00 | |
| Cancelation of the order regarding transfer of "free delivery" financial instruments | RSD 2,000.00 | |
| Transfer of securities from one to another depositor (CSD member) due to termination of CSD membership | RSD 5,000.00 | RSD 500.00 |
| Issuing the list of lawful holders of debt securities | RSD 5,000.00 | |
| Annulment of debt securities after the maturity date, when the obligation from such securities is settled outside the CSD system | RSD 10,000.00 | |
| Annulment of the issuer's own debt securities | RSD 10,000.00 | |
| Annulment of debt securities upon issuer's liquidation, bankruptcy, court decision or upon decision of other competent bodies | RSD 10,000.00 | |
| Additional fee for the request for reduction of the stock company’s capital, which is not submitted by the statutory deadline | RSD 10,000.00 | |
| Change of the message data, upon CSD member’s request | RSD 500.00 | |
| Submission of account balance information of a lawful holder of financial instruments – legal entity, custody or entity whose financial instruments are kept in omnibus account, upon CSD member’s request | RSD 1,000.00 | |
| Submission of account balance change of a lawful holder of financial instruments – private individual, upon CSD member’s request | RSD 1,000.00 | |
| Submission of account balance change of a lawful holder of financial instruments – legal entity, custody or entity whose financial instruments are kept in omnibus account, upon CSD member’s request | RSD 2,000.00 | |
| Installation of CDS application software | RSD 10,000.00 | |
| Preparation of squeeze-out report and the report copy | RSD 2,000.00 | |
| CSD's confirmation for lawful holder – private individual, upon CSD member’s request | RSD 1,000.00 | |
| CSD's confirmation for lawful holder – legal entity, upon CSD member’s request | RSD 2,000.00 | |
| Submission of the data, upon special requests from local authorities and other entities, which are not covered by the CSD rulebook | Real costs | |
| Transfer of funds between CSD members | RSD 500.00 | |
| Change of CSD membership type due to cessation of performing activities of investment company and custody bank | RSD 20,000.00 | |
| Replacement of shares in the CSD | RSD 30,000.00 | RSD 20,000.00 |
| Change of nominal/book value of issuer’s shares in the CSD | RSD 10,000.00 | RSD 5,000.00 |
| Additional fee for the application for registration of financial instruments, which is not filed within the statutory deadline | RSD 10,000.00 |
The English version of the new CSD Tariff Rulebook will be available after its publishing on the web site of the CSD.
Impact on investors: New CSD Tariff Rulebook will enter into force on 1 February 2016 introducing to the issuers and CSD members new cost items along with increase some of the currently effective ones.