Custodian services
Tariffs and rates of custodian services
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Service |
Unit |
Tariff |
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2.1. |
Basic services to accountholders |
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2.1.1. |
Maintenance of securities accounts of registered owners |
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2.1.1.1. |
Opening, revision, maintenance and closure of securities (share) account |
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a) |
Securities account opening |
Securities account |
Free of charge |
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b) |
Registration of revised information on securities account |
Free of charge |
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c) |
Maintenance of securities (other than traded on the RA centralized exchange and government or municipal securities or securities held by the Central Bank) account |
Face value of securities balance on accountholder’s account at each month-end (settlement value of shares)/monthly |
0.00075 % AMD 100 min |
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d) |
Securities account closure |
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Free of charge |
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2.1.2. |
Services relating to OTC transfer of securities |
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2.1.2.1. |
Simple transfer of stocks (shares) on any ground, including FOP1 |
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a) |
Transfer of stocks (shares) |
Total face value of traded securities (settlement value of shares): to be paid by transferring party, or by the receiving party if the instruction is placed only by the receiving party |
up to AMD 1,000,000 AMD 1,000 |
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AMD 1,000,000 -3,000,000,000 0.075% |
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above AMD 3,000,000,000 AMD 2,250,000 |
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2.1.2.2 |
Simple transfer of bonds on any ground, including FOP2 |
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a) |
Transfer of bonds |
Total face value of traded bonds: to be paid by transferring party, or by the receiving party if the instruction is placed only by the receiving party |
up to AMD 2,000,000 AMD 1,000 |
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AMD 2,000,000 – 4,000,000,000 0.0075% |
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above AMD 4,000,000,000 AMD 300,000 |
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2.1.2.3. |
Transfer of securities from one account to another due to repo or reverse repo transactions |
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a) |
Transfer of securities due to repo or reverse repo transactions |
Instruction / payment is made by each party |
AMD 5,000 |
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2.1.2.4. |
Transfer of portfolio from the account of an accountholder with one Account Operator to the account of the same accountholder with another Account Operator by transferring total balance on securities account |
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b) |
Transfer of portfolio |
Instruction |
AMD 6,000 |
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2.1.2.5. |
Transfer of stocks (shares) on any ground using DVP |
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a) |
Transfer of stocks (shares) using DVP |
Payment of total face value of traded securities (settlement value of shares) is made by each party |
up to AMD 1,000,000 AMD 2,000 |
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AMD 1,000,000 – 2,000,000,000 0.15% |
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above 2,000,000,000 AMD 3,000,000 |
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2.1.2.6. |
Transfer of bonds on any ground using DVP |
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a) |
Transfer of bonds using DVP |
Payment of total face value of traded securities (settlement value of shares) is made by each party |
up to AMD 1,000,000 AMD 2,000 |
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AMD 1,000,000 – 2,000,000,000 0.15% |
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above 2,000,000,000 AMD 3,000,000 |
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2.1.2.7. |
Transfer of securities due to extrajudicial sale of pledged securities |
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a) |
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Payment of total face value of sold securities (settlement value of shares) is made by the pledgee |
up to AMD 140,000,000 0.20% |
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above AMD 140,000,000 AMD 280,000 |
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2.1.3. |
Services relating to pledge, freezing, ban for trade of securities and registration of voting restrictions |
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2.1.3.1. |
Pledge of securities on accountholder’s personal account by the instruction of accountholder or the latter’s proxy |
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a) |
Pledge of stocks (shares) |
Total face value of pledged stocks (settlement value of shares) / payment is made by the pledger |
up to AMD 3,000,000,000 0.075 % |
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above AMD 3,000,000,000 AMD 2,250,000 |
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b) |
Pledge of bonds |
Total face value of pledged bonds / payment is made by the pledger |
up to AMD 3,000,000,000 0.015 % |
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above AMD 3,000,000,000 AMD 450,000 |
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2.1.3.2. |
Freezing of securities or securities account by the instruction of accountholder or the latter’s proxy |
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a) |
Freezing |
Total face value of frozen stocks (settlement value of shares) / payment is made by the accountholder |
up to AMD 3,000,000,000 0.075 % |
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above AMD 3,000,000,000 AMD 2,250,000 |
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2.1.3.3. |
Ban for trade of securities due to transactions made on centralized exchange |
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a) |
Ban for trade |
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Free of charge |
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2.1.3.4. |
Temporary restriction of voting right at the general shareholder meeting of the company for banned stocks |
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a) |
Temporary restriction of voting right |
Total face value of securities with restricted voting right |
0.5 % |
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2.1.3.5. |
Cancellation of pledge, freezing, ban for trade of securities and other restrictions |
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a) |
Cancellation of pledge, freezing, ban for trade of securities and other restrictions |
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Free of charge |
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2.1.4. |
Disclosure of information to accountholder |
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2.1.4.1. |
Issuance of securities account statement or transactions (also securities turnover) statement (without grounds) |
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a) |
Issuance of securities account statement (also by each class) |
Statement |
AMD 1,200 (VAT included) |
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b) |
Issuance of securities account balance statement |
Statement |
AMD 1,200 (VAT included) |
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c) |
Statement on transactions (also securities turnover) on securities account |
Statement |
AMD 2,400 (VAT included) |
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d) |
Statement on liens recorded on securities account |
Statement |
AMD 1,200 (VAT included) |
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2.1.4.2. |
Issuance of securities account statement with other details on accountholder’s demand (with grounds) |
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a) |
Electronically |
Per statement |
AMD 6,000 (VAT included) |
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b) |
In person |
AMD 12,000 (VAT included) |
1 The tariff for this service is calculated starting from the date of reopening or opening of the accountholder’s account by the Account Operator through the day of closure of the account.
2 Includes the transfer of securities from one personal account to another due to sale, donation, inheritance of shares, privatization of state-owned securities, or based on the legally enforceable judgment (unless the CDA is the debtor based on the judgment) and on any other ground.
3 Includes the transfer of securities from one personal account to another due to sale, donation, inheritance of bonds, privatization of state-owned securities, or based on the legally enforceable judgment (unless the CDA is the debtor based on the judgment) and on any other ground.
Services connected with securities accounted by means of a foreign custodian and transactions with such securities
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Service |
Unit |
Tariff |
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3.1. |
Securities custody |
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3.1.1. |
Maintenance of equity securities (including fund shares) |
Total market value of securities available on shareholder’s (nominee holder’s) account / monthly (by calculating daily securities balance) |
Central Depository fee + 5% extra cost |
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3.1.2. |
Maintenance of debt securities (other than Eurobonds issued on behalf of the Republic of Armenia) |
Total market value of securities available on shareholder’s (nominee holder’s) account / monthly (by calculating daily securities balance) |
Central Depository fee + 5% extra cost |
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3.1.3. |
Servicing of debt securities accounts |
Central Depository fee + 5% extra cost |
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3.1.4. |
Notarized debt securities |
Central Depository fee + 5% extra cost |
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3.1.5. |
Maintenance of Eurobonds issued on behalf of the Republic of Armenia |
Total market value of securities available on shareholder’s (nominee holder’s) account / monthly (by calculating daily securities balance) |
0.0015% |
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3.1.6. |
Servicing of securities accounts |
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Central Depository fee + 5% extra cost |
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3.2. |
Corporate actions |
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3.2.1 |
Crediting of income from securities to the account |
Per operation |
Central Depository fee + 5% extra cost |
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3.2.2 |
Redemption of securities |
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3.2.3 |
Payment of dividends |
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3.2.4 |
Other mandatory actions |
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3.2.5 |
Optional actions |
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3.2.6 |
Rights trading |
Amount of traded securities |
Central Depository fee + 5% extra cost |
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3.2.7 |
Tax deduction, tax declaration, tax refund, adjustment |
Per case |
Central Depository fee + 5% extra cost |
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3.3 |
Participation in absentia in meetings |
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3.3.1 |
Receipt of notice |
Per notice |
Central Depository fee + 5% extra cost |
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3.3.2 |
Receipt of agenda |
Per meeting |
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3.3.3 |
Ordering of access card |
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3.3.4 |
Fulfilment of voting instruction |
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3.3. |
Securities settlement services |
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3.3.1. |
Execution of settlement instruction for debt, equity securities and funds shares |
Per instruction |
Central Depository fee + 5% extra cost |
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3.3.2. |
Placement of settlement instruction for debt, equity securities |
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3.3.3. |
Processing of incorrectly formatted or delayed instruction |
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3.3.4. |
Cancellation of securities and/or cash transfer/receipt instruction |
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3.3.5. |
Expenses related to physical delivery or receipt of securities (including insurance) |
Per case |
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3.3.6. |
Settlement instruction re-entry fee |
Per day |
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3.4. |
Cash settlement services5 |
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3.4.1. |
Execution of cash crediting and debiting instruction (including pre-advice) |
Per instruction |
Central Depository fee + 5% extra cost |
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3.4.2. |
Cash transactions without instruction |
Per instruction |
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3.4.3. |
Processing of incorrectly formatted or late instruction |
Per instruction |
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3.5 |
Manual correction of instructions |
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3.5.1 |
Recording of intermediary details in cash transfer instruction in the presence of free style text instead of BIC code |
Per correction |
Central Depository fee + 5% extra cost |
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3.5.2 |
Free style text in purpose field upon cash transfer out of Clearstream |
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3.5.3 |
Record of unspecified Clearstram account number in the instruction |
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3.5.4 |
Record of unspecified deadline |
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3.6 |
Provision of reports |
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Central Depository fee + 5% extra cost |
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3.6.1 |
Statement on corporate action notice (MT 564) |
Per statement |
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3.6.2 |
Statement on approval of corporate actions (MT566) |
Per statement |
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3.6.3 |
Statement on monthly payable interests (MT935) |
Per statement |
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3.6.4 |
Report on securities available on the account (MT535, MT571) |
Per report |
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3.6.5 |
Cash balance report (MT950) |
Per report |
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3.6.6 |
Other cash balance reports (MT940, 942) |
Per report |
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3.6.7 |
Transactions statement (MT536) |
Per statement |
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3.6.8 |
Expected transactions statement (MT537) |
Per statement |
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3.6.9 |
Settlement approval report (MT544, 545, 546, 547) |
Per report |
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3.6.10 |
Report on securities lending / borrowing commissions (MT290) |
Per report |
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3.6.11 |
Counterparty instruction notice (MT578) |
Per report |
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3.6.12 |
Breakdown of securities available on the account by markets |
Per report |
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3.6.13 |
Report on taxation of income from US sources |
Per report |
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3.6.14 |
Settlement instruction status report |
Per report |
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3.6.15 |
Account crediting or debiting approval statement (MT900, 910) |
Per statement |
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3.6.16 |
General corporate action report (MT568) |
Per report |
Tariffs of services of the Central Depository of Armenia mediated by National Settlement Depository (NSD) OJSC1
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Service |
Amount (market value) |
Monthly fee |
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4.1.1. Custody and/or securities rights registration service fee for government, municipal and corporate bonds |
up to RUB 5B |
Central Depository fee + 5% extra cost |
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4.1.2 Custody and/or securities rights registration service fee for Russian depository receipts, stocks and investment shares, other than no-quote securities |
up to RUB 5B |
Central Depository fee + 5% extra cost |
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4.2 Other custodian services |
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4.2.1 Securities transfer |
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Central Depository fee + 5% extra cost |
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4.2.2 Transfer of securities versus transfer of cash in RUB (DVP) |
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Central Depository fee + 5% extra cost |
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4.2.3 Transfer of securities versus transfer of cash in FX (DVP) |
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Central Depository fee + 5% extra cost |
1 The accountholder has to fully reimburse the expenses not included in these Tariffs but actually incurred by Converse Bank CJSC when rendering the aforementioned services.
Tariffs of custodian services provided to registered owners (nominees) of government bonds
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Type of the service |
Tariff |
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1 |
Opening of a personal account |
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1.1. |
For individual |
Free of charge |
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1.2. |
For legal entity |
Free of charge |
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1.3. |
Service of a depo account |
AMD 5000 annually, is charged once a quarter – AMD 1250 |
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1.4. |
Service of a depo account of the clients using the Bank’s investment services |
Free of charge |
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2. |
Crediting securities to the client’s depo account |
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2.1. |
Crediting securities to the client’s depo account |
Free of charge |
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3. |
Transfer of securities |
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3.1. |
Intra-custodian transfer of securities |
AMD 200 |
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3.2. |
Inter-custodian transfer of securities |
AMD 1000 |
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3.3. |
Intra-custodian and inter-custodian transfer of securities that belong to qualified investors* |
Free of charge |
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3.4. |
Transfer of securities in the result of a transaction of provision of investment services by the Bank |
Free of charge |
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4. |
Banning and pledging of securities |
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4.1. |
Intra-custodian banning and/or pledging of securities |
AMD 2000 |
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4.2. |
Intra-custodian banning and/or pledging of securities |
AMD 5000 |
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4.3. |
Trade banning |
AMD 1000 |
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4.4. |
Intra-custodian and inter-custodian banning (pledging) of securities owned by qualified investors |
Free of charge |
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4.5. |
Intra-custodian and inter-custodian banning, trade banning and/or pledging of securities as a result of a transaction of provision of investment services by the Bank |
Free of charge |
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5. |
Lifting of ban and pledge imposed on securities |
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5.1. |
Lifting intra-custodian banning and/or pledging of securities |
AMD 500 |
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5.2. |
Lifting intra-custodian banning and/or pledging of securities |
AMD 1000 |
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5.3. |
Lifting trade banning |
AMD 500 |
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5.4. |
Lifting intra-custodian and inter-custodian banning (pledging) and/or trade banning of securities that belong to qualified investors |
Free of charge |
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5.5. |
Lifting intra-custodian and inter-custodian banning, trade banning and/or pledging of securities as a result (with the purpose) of a transaction of provision of investment services by the Bank |
Free of charge |
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6 |
Providing transcripts and references |
Free of charge |