Zagrebacka Banka d.d.
Summary:
Central Depositary and Clearing Company Inc. confirmed new Pricelist would enter into force as of 1 January 2025, subject to local regulator’s approval.
Tue, 23/07/2024
As advised on the website of the Central Depositary and Clearing Company Inc. (SKDD), on 9 July 2024 SKDD held a consultation with the Board of Users in relation to the proposal for amendments to its Pricelist, listing the expected changes into three main groups:
- Issuers - reduction of the fee for keeping records of securities, more favorable fees for keeping records of environmentally sustainable securities, etc.
- Investors - reduction of the census from five to one million euro related to charging of the fee for maintaining of securities positions held on basic investor accounts, introduction of the fee for maintaining securities positions safe-kept with another CSD.
- Participants – simplification of calculation of clearing and settlement fees.
Additional change impacting all types of members is the change of the basis for calculating fee for maintaining securities positions related to equities – safekeeping fee. The book value will replace the nominal value used so far, which has been used if the market value was not available during the period of the last 90 days.
Impact on investors: New SKDD Pricelist is expected to take effect as of 1 January 2025, subject to HANFA’s approval.