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Custodian services

Custodian services

Tariffs and rates of custodian services

 

Name of the service

Unit

Tariff

2.1

Main services provided to account holders

2.1.1.

Services to registered owners related to custody of securities accounts

2.1.1.1.

Opening, changing, custody, and closing of securities (shares) account

a

Opening securities account

Securities account  

Free of charge

b

Recording changes of the information included in the securities account

Free of charge

c

Maintenance of securities account (except for the securities allowed for trade at the RA RM, as well as state or community owned securities or securities that belong to the Central Bank of the RA by the ownership right)

Nominal value /monthly/ of the balance of securities available on the account holder’s account at the end of each month

0.00075%  minimum AMD 500

d

Closing the securities account

 

Free of charge

2.1.2.

Services conditioned by transfer of securities outside the RM

2.1.2.1.

Transfer of shares on any basis, including the “Free delivery principle”2

 

 

 

 

a
 
 

 

 

 

 

Transfer of shares (FOP)  
 

Total nominal value of the securities (shares) that are the subject of a transaction/is paid by the transferring party  
 

up to AMD 1 000 000 /AMD 1 000

AMD 1 000 000-
3 000 000 000/0.075%

more than AMD
3 000 000 000
/ AMD 2,250 000

 2.1.2.2.

Transfer of bonds on any basis, including the “Free delivery principle”3

 

 

 

 

a
 
 

 Transfer of bonds (FOP) 

Total nominal value of the bonds that are the subject of a transaction/is paid by the transferring party  
 

up to AMD 2 000 000 /AMD 1 000

AMD 2 000 000-
4 000 000 000/0.0075%

more than AMD
4 000 000 000
/ AMD 300 000

 2.1.2.3.

Transfer of securities from one account to another as a result of signing repo or reverse repo transactions

a

 Transfer of securities as a result of signing repo or reverse repo transactions

The payment order/payment is made by each party (if both parties have a security amount opened at the Bank

 AMD 5 000 

 2.1.2.4.

Transfer of the portfolio – transfer of the whole balance available on the account holder’s account opened with one AO to the same account holder’s account opened with another AO

a

Transfer of the portfolio

The payment order/payment is made by the transferring party

AMD 6 000 

 2.1.2.5.

Transfer of securities by the principle “Delivery upon payment” on any basis

 

 

 

 

a
 
 

 

 

 

DVP transfer of shares  
 

Total nominal value of the securities that are the subject of a transaction/is paid by each party  
 

 
up to AMD 1 000 000 /AMD 2 000

AMD 1 000 000-
2 000 000 000/ 0.15%

more than AMD
2 000 000 000 /AMD  3 000 000

 2.1.2.6.

Transfer of bonds by the principle “Delivery upon payment” on any basis

 

 

 

 

a
 
 

 DVP transfer of bonds
 

Total nominal value of the bonds that are the subject of a transaction/is paid by each party  
 

up to AMD
10 000 000/AMD
2 000

AMD 10 000 000-2 000 000 000/ 0.015%

more than AMD
2 000 000 000
/ AMD 300 000 

 2.1.2.7.

Extrajudicial sale of pledged securities

 

 

 

a
 

Extrajudicial sale of pledged securities  

Total nominal value of the sold securities /is paid by the pledgee  

up to AMD
140 000 000 /0.20 %

 more than AMD
140 000 000 / AMD
280 000

 2.1.3.

Services related to pledge, freezing, trade banning of securities, as well as registering restriction of the right of vote

 2.1.3.1.

Pledging of securities on the personal account of the account holder by the order of the account holder or the latter’s authorized representative

 

 

a
 

 

 

Pledging of shares

Total nominal value of the pledged securities (shares) /is paid by the pledger  

up to AMD
3 000 000 000 /0.075%

 more than AMD
3 000 000 000 /AMD 2 250 000

 

 

b
 

 

 

Pledging of bonds

Total nominal value of the pledged bonds/is paid by the pledger  

up to AMD
3 000 000 000 /0.015%

more than AMD
3 000 000 000 /AMD 450 000

 2.1.3.2.

Freezing of securities or the securities account by the order of the account holder or the latter’s authorized representative 

 

 

 

a
 

 Freezing
 

Total nominal value of the pledged securities (shares) /is paid by the account holder

up to AMD 3 000 000 000 / 0.075%

more than AMD
3 000 000 000 / AMD 2 250 000

 2.1.3.3.

Trade banning of securities as a result of transactions concluded at the RM

 ա

Trade banning

 

Free of charge

 2.1.3.4.

Temporary restriction of the right to vote on the banned shares at the general meeting of a joint stock company

a

Temporary restriction of the right of vote

Total nominal value of the securities with restricted right to vote

 0.5 %

 2.1.3.5.

Lifting pledge, freezing, trade banning and other restrictions

 a

 Lifting pledge, freezing, trade banning and other restrictions

 

Free of charge

 2.1.4.

Providing information to the account holder

 2.1.4.1.

Providing a transcript from the securities account (including from the register) or a reference about the operations done with the securities account (including the flow of securities)

a

 Providing a transcript from the securities account (including by each class (a transcript from the register)

Transcript

AMD 1 000 

b

 Providing a reference about the operations done with the securities account (including the flow of securities)

Reference 

AMD 2 000 

 2.1.4.2.

Based on the account holder’s request, providing a reference from the register or from the personal account regarding other information (except for inquiries for information regarding the transactions)

a

Electronically

1 reference 

AMD 5 000 

b

Paper form

AMD 10 000 

 

 

 

 

1Accrual of the tariff specified for this service commences from the moment of reopening or opening of an account holder’s account by the AO until the date of closing the account, inclusively.
2Includes transfer of securities from one personal account to another, on the basis of shares’ trade, donation, inheritance, privatization of state-owned securities, enforced court verdict or decision (when the debtor under the verdict isn’t the CDA), as well as on any other basis.
3Includes transfer of securities from one personal account to another, on the basis of bonds’ trade, donation, inheritance, enforced court verdict or decision (when the debtor under the verdict isn’t the CDA), as well as on any other basis.

Services connected with securities accounted by means of a foreign custodian and transactions with such securities

 

 

Name of the service

Unit

 Tariff

3.1.

Securities' custody service

 

 

3.1.1.

Custody of equity securities (including fund shares)

Total volume of the securities available on the owner's (nominee's) account/monthly (by daily calculation of the securities' balance) 
 

Tariff announced to the Central Depository by the foreign custodian (including taxes) + 30% premium

3.1.2.

Custody of debt securities (except for Eurobonds issued on behalf of the Republic of Armenia)

3.1.3.

Custody of Eurobonds issued on behalf of the Republic of Armenia

 0.0015%

 3.2.

Services related to final settlement with securities4

 

 

 3.2.1.

Processing the order of final settlement with debt and equity securities and fund shares

Per order

Tariff announced to the Central Depository by the foreign custodian (including taxes) + 30% premium  
 
 

 3.2.2.

Processing of wrongly formatted or delayed orders

Per order

 3.2.3.

Costs related to physical delivery or receipt of securities (including insurance)

Per case

 3.2.4.

 Group matching

 Per transaction

 3.3.

Services related to final settlement with monetary funds

 

 

 3.3.1.

Processing the order of crediting and debiting funds (including preadvice orders)

Per order

Tariff announced to the Central Depository by the foreign custodian (including taxes) + 30% premium  
 

 3.3.2.

Operations with monetary funds without orders

Per order

 3.3.3.

Processing of wrongly formatted or delayed orders

Per order

3.4.

Issuance of reports

 

 

 3.4.1.

Statement on monthly interest receivable

Per statement

Tariff announced to the Central Depository by the foreign custodian (including taxes) + 30% premium  
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 3.4.2

Report on securities available on account

Per report

 3.4.3.

Report on cash flow balance

Per report

 3.4.4.

Report on cash resources

Per report

 3.4.5.

Operations reference

 Per reference

 3.4.6.

Reference to upcoming transactions

Per report

3.4.7.

Final Settlement Approval Report

Per report

 3.4.8.

Securities lending report

Per report

 3.4.9.

Providing breakdown of securities on account per markets

Per report

3.4.10.

Sending reports by mail or email

Per report

 3.4.11.

Reference confirmation order

Per report

3.4.12

Final Settlement Instruction Status Report

Per report

 

3.4.13

Account withdrawal or account deposit reference

Per reference

 

 

4The orders subject to final settlement but yet outstanding, shall be revoked automatically on the 45th day after recording of the order, for which the amount equivalent to the fee for final settlement is charged.

Tariffs of custodian services provided to registered owners (nominees) of government bonds

 

Type of the service

Tariff

1

Opening of a personal account

 

1.1.

For individual

Free of charge 

1.2.

For legal entity

Free of charge 

1.3.

Service of a depo account

AMD 5000 annually, is charged once a quarter – AMD 1250

1.4.

Service of a depo account of the clients using the Bank’s investment services

Free of charge 

2.

Crediting securities to the client’s depo account

 

2.1.

Crediting securities to the client’s depo account

Free of charge 

3.

Transfer of securities

 

3.1.

Intra-custodian transfer of securities

AMD 200 

3.2.

Inter-custodian transfer of securities

AMD 1000 

3.3.

Intra-custodian and inter-custodian transfer of securities that belong to qualified investors*

Free of charge 

3.4.

Transfer of securities in the result of a transaction of provision of investment services by the Bank

Free of charge 

4.

Banning and pledging of securities

 

4.1.

Intra-custodian banning and/or pledging of securities

AMD 2000 

4.2.

Intra-custodian banning and/or pledging of securities

AMD 5000 

4.3.

Trade banning

AMD 1000 

4.4.

Intra-custodian and inter-custodian banning (pledging) of securities owned by qualified investors

Free of charge 

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 

5.

Lifting of ban and pledge imposed on securities

 

5.1.

Lifting intra-custodian banning and/or pledging of securities

AMD 500 

5.2.

Lifting intra-custodian banning and/or pledging of securities

AMD 1000

5.3.

Lifting trade banning

AMD 500 

5.4.

Lifting intra-custodian and inter-custodian banning (pledging) and/or trade banning of securities that belong to qualified investors

Free of charge 

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 

6

Providing transcripts and references

Free of charge