Amended CSD-KDD Fee Schedule

Slovenia
UniCredit Bank Slovenija d.d.
Tue, 19/12/2017

The amended Fee Schedule, which has been published on KDD’s web page https://www.kdd.si/pravila_in_tarifa/tarife on 13th of December 2017, will be valid 15 days after published and will be effective on 1st January 2018.

The main change in the CSD Fee schedule relates to CSD charging 75 % of Yearly fees for maintenance, execution of corporate actions and notifications of corporate actions and transaction management, in 2017. This part was deleted from the Fee Schedule.

In year 2018, the CSD will charge the mentioned fees as stipulated in the KDD Fee Schedule in full amount (extract below):

  • Yearly fees for maintenance, execution of corporate actions, and transaction management in this regard:

 

Average value of assets

Individuals in EUR  

Entities in EUR

Less the EUR 4.300,00

0,00

5,76

From EUR 4.300,00 to EUR 10.000,00

1,92

5,76

From EUR 10.000,00 to EUR 100.000,00

3,84

11,52

From EUR 100.000,00 to EUR 500.000,00

8,64

26,88

From EUR 500.000,00 to EUR 1.000.000,00

15,36

46,08

From EUR 1.000.000,00 to EUR 10.000.000,00

30,72

92,16

From EUR 10.000.000,00 to EUR 100.000.000,00

30,72

115,20

From EUR 100.000.000,00

30,72

144,00

  • Yearly fees for notifications on corporate actions:

Average value of assets

Individuals in EUR  

Entities in EUR

Less the EUR 4.300,00

0,00

1,44

From EUR 4.300,00 to EUR 10.000,00

0,48

1,44

From EUR 10.000,00 to EUR 100.000,00

0,96

2,88

From EUR 100.000,00 to EUR 500.000,00

2,16

6,72

From EUR 500.000,00 to EUR 1.000.000,00

3,84

11,52

From EUR 1.000.000,00 to EUR 10.000.000,00

7,68

23,04

From EUR 10.000.000,00 to EUR 100.000.000,00

7,68

28,80

From EUR 100.000.000,00

7,68

36,00

The fee is calculated monthly as one twelfth of the yearly fee upon average value of assets on the securities account in that particular month.

UCB Slovenia decided not to charge VAT tax on the KDD’s fee “Yearly fees for notifications on corporate actions” in 2018 (but begin charging on  1 January 2019). UniCredit will bear the VAT, charged by KDD. Due to that, the total amount of divided KDD’s fees for corporate actions will not change after 1 January 2018 and the divided fees (as above) will be shown in the invoice as “CSD Corporate Actions Fees” in the total amount.

 

Impact on investors: Increased fees on Slovene market due to increased KDD’s fees.

 

Your contact
Barbara Zajc, Senior Relationship Manager
Tel. + 386 1 58 76 453, Fax +386 1 58 76 485
Barbara.zajc@unicreditgroup.si