Brokerage Services1
| Currency Exchange transactions and transactions with Gold | |
| Cash/non-cash currency exchange transactions and transactions with Gold up to EUR 4000 | Citadele Bank's official currency rate |
| Cash/Non-cash currency exchange transactions and transactions with Gold over EUR 4000 | Individually, information in Citadele Bank |
| Foreign Exchange margin trading | Individually, information in Citadele Bank 2 |
| Financial Instruments 3 | |
| Debt securities transactions | 0,1 %, min. 50 EUR, USD 4 |
| Stock transactions | |
| Stock transaction at Riga, Vilnius and Tallinn stock exchanges | 0,35 %, min. 4,40 EUR |
| Transaction with financial instruments traded at the USA stock exchanges (stocks and ETFs) | 0,03 USD per stock, min. 25 USD |
| Transaction with financial instruments traded at Canadian stock exchanges | 0,03 CAD per stock, min. 30 CAD |
| Transaction with options of the USA stock exchanges | 15 USD and 2,50 USD for contract, min. 25 USD |
| Transaction with stocks at European Stock Exchanges 5, 7 | 0,40 %, min. 50 EUR |
| Transaction with stocks or debt instruments at Moscow Stock Exchange (RUB) | 0,25 %, min. 1000 RUB |
| OTC transactions with shares and transactions with other countries shares 5, 7 | Individually, information in Citadele Bank |
| Fund subscription/redemption deals 6, 7 | |
| Purchase of shares of Bond funds | 0,50 %, min. 5,50 EUR / 20 EUR 6, 7 |
| Purchase of shares of Balanced funds and fund of funds | 0,75 %, min. 5,50 EUR / 20 EUR 6, 7 |
| Purchase of shares of Stock funds and alternative investment funds (incl. hedge) | 1,5 %, min. 5,50 EUR / 20 EUR 6, 7 |
| Sale of fund shares | 20 EUR / 3 EUR 7 |
| Fund exchange transactions | 25 EUR |
| Financing against Financial instruments pledge - products | |
| Transaction 50 000 EUR and over 50 000 EUR, or the equivalent in another currency | Free of charge |
| Transaction up to EUR 50 000, or the equivalent in another currency | 300 EUR 7 |
| Amendments to the terms of Repo transaction | Individually, information in Citadele Bank |
Valid from the 30th of August, 2019.
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.
Financial Instruments Accounts Administration, Financial Instruments Custody and Transaction Settlements 1, 6
| Opening of a financial instruments account | 50 EUR |
| Financial instruments safekeeping commissions (per month)2 | |
| Financial instruments of LR domestic market | 0,01 %, min. 1 EUR |
| Financial instruments of EU countries, USA and Canada domestic markets, foreign investment funds and international financial instruments registered in Euroclear/Clearstream depositories | 0,02 %, min. 1 EUR |
| Safekeeping of financial instruments of other countries’ domestic markets | 0,03 %, min. 1 EUR |
| Reception of financial instruments3 | |
| - of Lithuania, Latvia, Estonia domestic markets | nemokamai |
| - of Sweden, Finland, Denmark, Norway, Poland, Germany, UK, USA, Canada domestic markets and international financial instruments registered in Euroclear/Clearstream depositories | 21 EUR |
| - of other countries’ domestic markets | Information in Citadele Bank |
| Transfer of financial instruments 3 | |
| - of Lithuania, Latvia Estonia domestic markets | 10 EUR |
| - of Sweden, Finland, Denmark, Norway, Poland, Germany, UK, USA, Canada domestic markets and international financial instruments registered in Euroclear/Clearstream, depositories | 30 EUR |
| - between two Citadele Bank customers' financial instruments accounts (commission charged from financial instruments’ transferor) | 2 EUR |
| - of other domestic markets | Information in Citadele Bank |
| - Receipt / transfer of financial instruments against payment (RVP/ DVP)3 | 50 EUR |
| Purchase-redemption transaction settlements 4 | |
| Settlements of transactions with international financial instruments in Euroclear/Clearstream depositories | 7 EUR |
| Settlements of transactions with financial instruments of Sweden, Finland, Denmark, Norway, Poland, Germany, UK domestic markets and with bonds of USA domestic market | 14 EUR |
| Settlements of Repo transactions | 10 EUR |
| Settlements of transactions with financial instruments of domestic markets of countries which are not stated in Pricelist | Information in Citadele Bank |
| Other services | |
| Deregistration of financial instruments | 10 EUR |
| Settlements of conversion, restructurization, split/merger, etc. financial instruments’ corporate actions transactions 5 | 20 EUR + actual expenses |
| Financial instruments blocking | 7 EUR |
| Standard statements of account: Financial instrument’s portfolio statement, Statement of movement of financial instruments and money for previous and actual calendar year, Financial instrument’s portfolio statement, Confirmation of transaction execution | Free of charge |
| Other references and statements | 50 EUR |
| Delivery of documents by post in Lithuania (in registered letter) | 7 EUR + actual expenses |
| Preparation or submission of tax certification documents to local and foreign depositories5 | 35 EUR + actual expenses |
| Commission fee for negative balance of customer’s money funds accounts for performing financial instruments transactions (percent per annum) 6 | 24 % |
| Purchase and renewal of LEI code through the Bank’s cooperation partner (for customers – legal entities) | Information in Citadele Bank |
Valid from the 1st of January, 2019.
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.
| Trust Operations | |
| Consultations and opening of trust account | Free of charge |
| Revision of transaction, preparation of the documents | 1 000 EUR1 |
| Trust fund management per annum (commission is charged as % per annum from the sum of funds transferred on a trust management, minimum for the period of 12 months) | Under the arrangement |
Valid from the 1st of January, 2019.
1 When a transaction is concluded, withheld Citadele Bank’s commission for trust fund management is reduced for this amount.
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