Financial Broker

¹ By executing an over-the-counter (OTC) securities transaction at more favorable price for the client rather price specified in the limit order, the bank compensates the client 50% of the mark-up , which is formed from the difference between the price specified in the limit order and the actual execution price.
² Transaction commission fee or Citadele Bank’s mark-up is included in price of the transaction. Information in Citadele Bank.
³ In particular stock exchanges/countries a duty on trade of financial instruments can be levied in correspondence with the legislation of this country (for example –Stamp Duty in Great Britain. More detailed information in Citadele Bank).
⁴ Commission fee in appropriate currency if the transaction is EUR and USD.  If transaction is performed in another currency the commission is determined in EUR and calculated in the currency of the respective transaction, according to Citadele Bank’s currency rate at the moment of conversion.
⁵ Additional commission fee for the processing of purchase / sale transaction is applied for transactions (information in Citadele Bank).
⁶ To the investment funds managed by IPAS “CBL Asset Management” (including Latvian Central Depository transaction fee ) is applied fee - 3 EUR, to other funds – 20 EUR.
⁷ If transaction is not performed in EUR currency, commission fee is calculated in the currency of the transaction by converting fee (set in EUR) into currency of respective transaction, according to Citadele Bank’s currency rate at the moment of conversion.

General provisions for application of commission fee
- Commission fee for services not stated in the Pricelist is independently set by Citadele banka or is set upon agreement with a customer. Transaction commission fees are charged in the currency of transaction, if necessary, recalculating from the currency indicated in the Pricelist according to Bank’s currency rate on the moment of the recalculation.
- If customer’s order for transactions with financial instruments is executed partially, commission fee usually is charged once within one transaction day.
- Commission fee for transactions with options traded in USA exchanges consists of commission fee for the transaction and commission fee for each contract in the transaction.

¹ Commission fee for services not stated in Pricelist is independently set by Citadele Bank or is set upon agreement with a customer. All commission fees are charged in the aggregate currency of customer’s financial instruments portfolio (recalculating from the currency stated in Pricelist if necessary), excluding commission fees for transaction settlements which are withheld in the currency of transaction (recalculating from the currency stated in Pricelist if necessary).
² Commission fee is calculated from the financial instruments market value at the last day of the month, or from nominal for non-liquid financial instruments.
³ Commission fee is applied per each financial instrument mentioned in the customer’s order, if it is accepted for execution in the Bank and sent to the depository/counterparty.
⁴ Commission fee is applied when concluding transaction with Citadele Bank using Citadele Bank’s brokerage service. To all other transactions, concluded not using Citadele Bank’s brokerage service, the commission fee for receipt and/or transfer against payment (RVP/DVP) of financial instruments is applied.
⁵ Amount of actual expenses depends on execution place of the application and other terms of the application and can be withheld within 4 months from the date of execution of corporate action or the date of submission of tax certification.
⁶ Commission fee is calculated for each day and is charged at the first day of the month, if customer has not concluded supplementary agreement.

¹ When a transaction is concluded, withheld Citadele Bank’s commission for trust fund management is reduced for this amount.