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©2010 Raiffeisen Brokers

 

FEES TARIFF
OF RAIFFEISEN BROKERS DOO SARAJEVO (RBR) Cjenovnik

  Download PDF Download Fees Tariff

  1. BROKERAGE SERVICES 
    1. The fee paid for the services of opening and closing of an account at the Securities Registry of FB&H amounts to 2.00 BAM (1 EUR = 1.955830 BAM - convertible marka).
    2. The brokerage fee for intermediation services in buying and selling of the securities depends on amount of the trasaction realized as follows:

      Value of transaction (in BAM)
      Minimum fee (BAM)
      		 Fee (in %)
      Up to 10.000,00 Up to 200,00
        From 200,01 to 500,00
        From 500,01 to 1.000,00
        From 1.000,01 to 10.000,00
      10,00
      20,00
      30,00
      45,00
      		1,50
      From 10.000,01 do 50.000,00 0 1,20
      From 50.000,01 do 100.000,00 0 1,00
      Above 1.000.000,00 0 Negotable, but not above 1%.


    3. In case of the partial realisation of the transaction in the Sarajevo Stock Exchange (SASE), the minimum fee of RBR would be charged once.  

  2. THE SERVICES OF THE OFF-MARKET TRANSACTION

    The fee for the intermediation services in buying and selling securities off–market (out of the Stock Exchange) or some other official organized market, or in case of transfer of the securities by the Testimonial Agreement or in cases such are as follow: 

    1.  for the Purchase Agreement Off-Market: the agreed fee for the pruchase of securities
    2. for the Testimonial Agreement: nominal value of the securities (nominal fee x number of shares) which are the subject of the Agreement


  3. SERVICE OF THE PORTFOLIO MANAGEMENT  
    1. The fee for the service of the protfolio managment (profit fee) is calculated in line with the regulations of the Business Rulebook of Raiffeisen BROKERS d.o.o. Sarajevo, related to the chosen investment strategy:   

      Investment Strategy Fee
      Conservative 12.50%
      Moderate 15.00%
      Agressive 20.00%
      Other strategy Negotable

    2. Beside the profit fee, for the portfolio management services is also charged the annual fee (2.00%) in line with the regulations of the Business Rulebook of Raiffeisen BROKERS d.o.o. Sarajevo. 
  4. THE INVESTMENT ADVISORY SERVICE
    1. The fee for the investment advisory is accounted in one of the following ways:
      1. Lump-sum paushal fee for the advice which includes comprehensive written analysis and evaluation of the security, which is the base for the investment advice with recommended price not above 5,000.00 BAM.
      2. The fee which is calculated and related to the value of the realised order for purchase or selling of the securities with the recommended price not higher than 1.5%.
      3. The fee which is calculated and related to the profit made from the investment advice which includes comprehensive written analysis and evaluation of the security with the recommended price, but not above 15% of the profit made
      4. Combination of the above described fee calculations


        The way of the calculation of the fee for the investment advisory services is registered in the Registration Book of the Investment Advisory Services for each investment advice.

    2. The method of fee payment for the investment advisory services is related to the method of the calculation and charging of the fee:

      • In method of the fee calculation number 1.1. the Client is obliged to pay the confirmed fee after the order is realized, which should be than paid in the period of 3 (three) days after the Confirmation of the Fee is received by the Client.  The payment should be settled over the transaction account of RBR   number: 1610000037790047 at Raiffeisen BANK DD BIH.
      • In method of the fee calculation number 1.2. RBR would charge to the Client, based on the Register of the Investment Advisory Services, who would realize the transaction in period of 3 months with the security which was subject to the written investment advice, for the fee based on the value of the purchase or selling. The Client is obliged to pay the confirmed fee in period of 3 (three) days after the Confirmation of the Fee is received. 
      • In method of the fee calculation number 1.3. RBR will, according to the Registry of the Investment Advisory Services, calculate fee based on realized income to those clients who would in 3 months period buy or sell securities advised by RBR. Client is obliged to pay fee in 3 days period after receiving the Confirmation of the Fee. The payment should be settled over the transaction account of RBR   number: 1610000037790047 at Raiffeisen BANK DD BIH.  
      • In method of the fee calculation number 1.4., the calculation would be done as a combination of the above described ways of payments.
  5. ISSUING AGENT SERVICES

    Fees for the Issuing Agent services woul be calculated and charged in two parts:
    1. First part considers preparation and implementation of the securities issue and would be calculated as percentage of the whole issuing amount.
    2. Second part considers success fee which would be calculated as a percentage of thw whole amount of successfully subscribed securities issued. The fees in percentages would be as follow:

       
      Fee for preparation and implementation of the shares issue Success fee in successfully subscribed issue of shares
      3.00% of the amount issued or, min 50,000.00 KM 12.50%
      Fee for preparation and implementation of the bonds issue Success fee in successfully subscribed issue of bonds
      2.00% of the amount issued or, min 30,000.00 KM 3.00% of the whole amount successfully subsrcibed

  6. SERVICES OF TAKE-OVER BIDS CLOSING

    The Fees for the take-over bids closing would be calculated and charged in two parts:
    1. First part considers preparation and conduction of the take-over bids and would be calculated as percentage of amount of shares which are subject of the take-over offer at price defined in the tender procedure 
    2. Second part considers the success fee in case of the successfully closing of the take-over offer and would be calculated as percentage of the amount of taken-over shares at price defined in tender procedure. The fees in percentages would be follow:

      Fee for the take-over bids preparation and closing Fee for successfully closing of take-over bids
      1.00%  of the total amount, min 30,000.00 KM 1.00%  of the total amount


  7. FEES OF THE THIRD PARTIES

    RBR fees tariff does not comprise costs of the third parties (the Securities Commission, the Securities Register, Depository Bank, Stock Exchange and others). 

  8. GENERAL REGULATIONS

    Raiffeisen BROKERS doo Sarajevo reserves the right to arrange other fees than above presented for very important and confident clients.

    Raiffeisen BROKERS doo Sarajevo also reserves the right to change and amend this Fees Tariff.


    This Fees Tariff of Raiffeisen BROKERS d.o.o. was approved by the Securities Commission of FB&H on September 17th, 2009 by the Resolution No 04/2-19-281/09

    This Fees Tariff would be enforced on the day the approval of the Securities Commission would be recived.

 

Sarajevo, 01.09.2009. godine.
No.: 562/09

Acting director:
Lejla Baljeviĉ