Dear Client,
On 15 May 2014 the Board of Directors of CSD Prague agreed on amendments to the CSD price list. The changes will come into force on 1 July 2014. Here are the most important changes:
1) Reducing the one-time registration fee for bond issues. The change reduces the effect of the maturity on the amount of the fee.
2) Increasing with 0.05 bps the safekeeping fee applicable to foreign investment instruments. This reflects the increase with 0.1 bps of the Clearstream fee for Austrian investment instruments, effective as of 1 June 2014.
3) Implementing of a new subscription fee for foreign investment instruments. The reason is the high administrative workload for the special operation, without the possibility of transferring the costs to the issuer.
4) Increasing of the refund of taxes fee with respect to foreign securities. The increase reflects small differences between the fees paid to Clearstream and the fees invoiced to participants.
The updated price list is available here.
Impact on investors: New price list will come into force on 1 July 2014.