The CDCP has announced upcoming changes to its price list for safekeeping fees as per below.
The indicated coefficients (k, n, d) are based upon the volume of securities on the account and an example of the CDCP calculation.
Please note that for an account holder who holds 98% or more of the relevant issue, V is a max. of CZK 750 million; this limit does not apply to the accounts of clients and accounts maintained in registers connected to the Central Register.
The new fee is calculated daily, and the result is divided by 360. The daily fee is arithmetically rounded to nearest crown (if a daily fee is less than CZK 0.5, the fee is not collected). When the volume is above CZK 15 mil, more coefficients are applied within the calculation, e.g. for listed dematerialized shares of the volume CZK 200 mil is the daily fee (P) calculated as follows:
P = (CZK 15 mil * 0.0005 + CZK 135 mil * 0.0002 + CZK 50 mil * 0.0001) / 360
P = (7,500 + 27,000 + 5,000) / 360 = 39,500 / 360 = 109.72 = CZK 110
The changes to the price list, will be effective from 1 January 2025. However, the fees will be charged on the 3rd day of the following month from 1 November 2024.
Impact on investors: For information purposes