Zagrebacka Banka d.d.
Tue, 06/06/2023
In line with the announcement on its website, the Central Depository and Clearing Company Inc. (SKDD) will implement new Pricelist as of 1 July 2023, apart from below changes which would take effect as of 1 September 2023.
The most important change is related to the introduction of the fee for maintenance of securities positions on both ordinary accounts and transactional custody accounts. Details are as follows:
The most important change is related to the introduction of the fee for maintenance of securities positions on both ordinary accounts and transactional custody accounts. Details are as follows:
Ordinary accounts (total value of all assets held on all investor’s accounts in SKDD except the issuer’s treasury shares):
- EUR 5 million - 15 million - 0,03%
- EUR 15 million - 500 million - 0,024%
- EUR 500 million - 3 billion - 0,02%
- EUR 3 billion - 5 billion - 0,012%
- over EUR 5 billion - 0,002%
Transactional custody accounts:
- 0,006% - for equities and ETFs
- 0,004% - for debt securities
The difference between the pricing applicable to ordinary accounts and transactional custody accounts is driven by SKDD’s goal to encourage individuals and legal entities currently holding their assets on the ordinary accounts in SKDD, to transfer their securities to SKDD participant members, with the ultimate goal to leave the ordinary accounts in SKDD empty in the future - all in line with the market practices and the account management model in T2S.
In line with provisions of SKDD Pricelist, proposal of new Pricelist needs to be published on SKDD website at least 30 days before the official approval of SKDD Management Board. Once SKDD Management Board approves new Pricelist, or in case of any subsequent changes, confirmation will be sent accordingly.
In line with provisions of SKDD Pricelist, proposal of new Pricelist needs to be published on SKDD website at least 30 days before the official approval of SKDD Management Board. Once SKDD Management Board approves new Pricelist, or in case of any subsequent changes, confirmation will be sent accordingly.
Impact on investors: For information purposes
Related Newsflashes: New SKDD Rules and Procedures