CiliaFormosa tariff schedule

Local stockbroking

		Nominee	Min	Non-Nominee	Min
Bonds	€0 to €150k	0.30%	€ 20	0.50%	€ 30
	Over €150k	0.25%
Shares	€0 to €100k	1.00%	€ 20	1.25%	€ 30
	Over €100k	0.75%
Treasury Bills		0.10%	€ 20	0.150%	€ 30
Malta Stock Exchange transaction fee	€4.50 / £4.00 / $5.00
Other bank charges may apply

International stockbroking

Bonds	EUR	1.25%	€ 80
	GBP	1.25%	£70
	USD	1.25%	$100
Shares & ETF's	EUR	1.25%	€ 100
	GBP	1.25%	£85
	USD	1.25%	$120
Stamp duty, bank charges and other exchange fees may apply
No sell trading fee is applicable when bonds are held to maturity
New client minimum investment value requirement is €20,000

Trading in collective investment schemes

Buying	3.50%
Selling	€40
Minimum investment value per fund	€10,000
Additional investment	€5,000
New client minimum investment value requirement is €20,000

Administration Fees

Quarterly & annual valuations and income statements	By email	Free
	By post	€1
Corporate actions	By email	Free
	By post	€1
Processing of local interest and dividend payments	Free
Processing of foreign interest and dividend payments	€5.50 or currency equivalent
Withholding tax computations and settling of tax payments	Free
Transfer of Dividends	Free
Other bank charges may apply
Transaction fees for new bond and share issue applications	Nominee Applications	Free
	Non-Nominee Applications	€15
CiliaFormosa Financial Advisors may receive commission from issuers of Initial Public Offerings (IPO's)
W-8BEN form processing	Free
Safe-keeping Fee	Portfolio value less than €500k	0.065% per annum
	Portfolio value €500k - €1m	0.055% per annum
	Portfolio value €1m - €2m	0.05% per annum
	Portfolio value over €2m	0.045% per annum
Fee is charged on a quarterly basis in arrears. A minimum annual fee of €50 and a maximum fee of €1,500 per account, per annum is applicable.
Internal transfer of holdings	€30 per security
Investment confirmation letter	€75
Pledging of holdings	€50 per security
Subject to a maximum fee of €300
Onboarding fee - first meeting - Refundable when investing	€100
Onboarding fee - eligible counterparties and institutional clients	A minimum of €200
Onboarding fee - clients with third country connections*	A minimum of €3,500
*Potential clients having relevant personal links to third countries
Annual due diligence fee for clients with third country connections*	€750 per annum, paid quarterly in advance
Disbursement of compliance*	€1,250 per annum, paid quarterly in advance
*Clients having relevant personal links to third countries
Compliance Fee*	€50
*Typically charged every 3 years, but could be charged in an annual basis
Release of estate charges	0.25%
A minimum fee of €200 applies
Early account closure fee	Within 12 months of opening	€900
	Between 12 and 24 months of opening	€450
Transfer of holdings to another broker	€175 per security
Hold mail for client collection	€50 per annum
Transfer of money held on account	SEPA transfer	as charged by bank
	SEPA urgent transfer	€20
	Non-SEPA transfer	€50
Adhoc fees	Charged for additional adhoc services requested by potential/clients. Charged per request.
Overdrawn account	8% per annum