With reference to the published Newsflash dated January 20th , UniCredit would like to remind clients of the new CSD Account Maintenance and Fee documents with different applicability dates.
Information to the change of the CSD Price list
The main change in the price list valid from 1.7.2020 concerns the distribution of fees for bonds. The CSD focuses on a detailed analysis and international comparison with the issuer's decision on bond issuance fees and the increase in bond management fees on the asset account paid by the bond holder.
The Fee Schedules published by the CSD are available on the website (with two different effective dates):
1/ Price List and Tariff (valid until 30 June 2020) and
2/ Price List and Tariff (effective as of 1 July 2020)
The main changes could be seen in Section B “Tariffs”
Impact on investors: The new Fee that will be introduced by the CSD will have an impact on the fees that UniCredit will be re-invoicing to its clients monthly as received from the Central Depository.