Tariff fees and commissions charged on the transactions
Art.1 Commissions for accepting orders for buying/selling securities on a regulated market - BGN

2
Art.2 Commissions for canceling orders for buying/selling securities on a regulated market - BGN 2

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Transactions and transfers

À. Government securities

Art.3 Primary market transactions - participation in an auction on the account of the beneficiery:
 

 
  • for approved order
  • for rejected order
- 0,08%
- BGN 10
Art.4 Secondary market transactions - 0,10%
Art.5 Transfer of Government securities from the EURO-FINANCE's register to the register of another primary dealer: - 0,1% of the face value
- min. BGN 100
Art.6 Transfer of Government securities between clients registered by EURO-FINANCE Ltd.
  • for face value less than BGN 100.000
- BGN 50
  • for face value BGN 100.000 and above
 - BGN 100
Art.7 Re-issue /devision/ of certificate of Government securities
  • for each new certificate with face value less than BGN 100.000
 - BGN 50
  • for each new certificate with face value BGN 100.000 and above
- BGN 100
Art.8 Administration of tripartite contract for guarantee/freezing of Government securities registered by EURO-FINANCE Ltd. - 0,02% of the face value
- min. BGN 50
×ë.9 Issue of certificate of ownership - BGN 1

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Â. Target Issues of Government Securities

Art.10 Transaction Execution. -0,25%
Art.11 Transfer  from the EURO-FINANCE's register to the register of another primary dealer: - 0,1% of the face value
- min. BGN 100
Art.12 For issue of a Certificate of Property of Government Securities. BGN 1

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D. Corporate securities

Art.13 Transactions on a local regulated market
  • for amounts less than BGN 10.000
- 2,0%
  • for amounts of BGN 10.000 to BGN 50.000
 - 1,5%
  • - for amounts of BGN 50.000 and above
- subject to special arrangements
but in all cases:
  • - for parcial execution of an order
- min. - BGN 3
  • - for full execution of an order
- min. - BGN 5
Art.14
  • Frankfurt Stock Exchange /shares and ETF/ /no additional fees/
 - 0.50%.
  • Transactions on a regulated market abroad /Minimum amount of transactiom EUR 2 500 or another foreign currency equivalence/
 - 0,25%
In any case the commission can be no less than 10 EUR

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E. Other securities and derivatives

Art.15 Commissions for buying/selling of options and futures on a regulated market - 1,00%
- min. EUR 10
Art.16 Commissions for buying/selling of investment funds - 1,00%
- min. EUR 10

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Other securities transactions

À. General

Art.17 Registration of transactions or other transfers, subject to preliminary agreement between the parties - subject to special arrangements
- min. BGN 100

B. Custody and storage of securities / with included VAT/

Art.18 Securities registered in the Central Depositary
  •  Securities and compensatory instruments trade on a regulated market
 - 0,1% of the face value, annualy
  • Securities trade on a unregulated market
 - 0,1% of the face value, annualy
Art.19 Securities registered in BNB
  •  Government securities
 - 0,1% of the face value, annually
- max. BGN 1 000
 
  • Target saving Goverment securities
 - no commission
Art.20 Securities in another register
  •  Bonds
 - 0,1% of the face value, annually
- max. BGN 1 000
  •  Other securities
 - 0,2% of the market price,annually
- max. BGN 1 000

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C. Issues registered in the Central Depositary
/All commissions of the Central Depositary are included/

Art.21 Transfer to the register of Euro-Finance - no commission
Art.22 Transfer from the register of Euro-finance
 

 
  • Securities and compensatory instruments trade on a regulated market
 - 0,1% of the face value

- min.BGN 50

- max.BGN 1000

 

 
  • Securities trade on a unregulated market
 - 0,1% of the face value

- min.BGN 50

- max.BGN 1000

 
Art.23 Initiation of certificate of ownership /Depositary Receipt/ by the Central Depositary - BGN 10
Art.24 Issue of dublicate of certificate of ownership /Depositary Receipt/ - BGN 20
Art.25 Personal data corrections in the Central Depositary - BGN 25
Art.26 Inheritance and grant: - BGN 10 per transfer
- min. BGN 50
Art.27 Freezing of securities - BGN 60
Art.28 Filing of a pledge agreement - BGN 100
Art.29 Filing of additional circumstances on pledge agreement - BGN 50
Art.30 Inquiries on portfolio of securities in Central Depositary / with incuded VAT/  
 
  • individuals
 - BGN 20
 
  • legal persons
 - BGN 100
Art.31 Issue of Certificate of Lack/Presence of Circumstances Filed  
 
  • official information from Central Depository
 -BGN 10/ filing

- min. BGN 50

 
  • information from Internet
 - BGN 30
Art.32 Control availability on securities of personal charge - BGN 5

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D. Securities with settlement abroad

Art.33 Transfer to the register of Euro-finance
 

 
  • individuals
 - BGN 2
 

 
  • legal persons
 - BGN 10
Art.34 Transfer from the register of Euro-finance - 0,1% of the face value

- min.BGN 50

- max.BGN 1000
Art.35 Initiation of certificate of ownership, in addition to the requirements of the Public Offering of Securities Act - EUR 10.00

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Operations on CFD – Contracts for Differences

Art.36 Accepting of order for position opening - no commission
Art.37 Contract Price
- For shares traded on the european stock exchanges - 0,25% of initial price

-min. 25 units of the currency on the contract /25EUR; 25 GBP/
- For shares traded on the stock exchanges in the USA - 0.04 USD per share + 0,15% of initial price

-min. 25 USD
Art.38 Fee for amendment of a stop order or profit realization order. - BGN 10
Art.39 Fee for cancellation of limited order on contract execution - BGN 10
Art.40 Transfer of open position for the next business day - 0,028 % of the initial position cost
 

Operations on transactions with foreign currency on net basis

Art.41

 Acceptance of position opening order

 - no commission
Art.42 Price of Contract -0,015% of the base currency

- min.BGN 50
Art.43 Fee for amendment of a stop order or profit realization order. - BGN 10
Art.44 Fee for cancellation of limited order on contract execution - BGN 10
Art.45 Transfer of open position for the next business day with regard to the market interest levels.

/to be specified by EURO-FINANCE Ltd./

Forex transactions

Art.46 Buying, selling and arbitrage of foreign exchange are executed at the official exchange rates of EURO-FINANCE Ltd. for the day.

For amounts of USD 3 000 and above the exchange rate is subject to special arrangements.

- no commission
Art.47 Collection of travellers cheques is executed at the official exchange rates for travellers cheques of EURO-FINANCE Ltd. for the day. - no commission
Art.48 Advance in BGN and foreign exchange on credit cards is executed at the official exchange rates for credit cards of EURO-FINANCE Ltd. for the day. - no commission
Art.49 Check of the genuineness of bank-note denominated in foreign currency - 0,20% on the amount

- min.BGN 50

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PAYMENTS
Art.50 Outgoing bank transfer on the instructions of the customer - BGN 3.00
Art.51 Bank transfer in BGN , received in favor of the Customer - no commission
Art.52 Bank transfer in foreign currency at Customer’s order - 0,1%, min EUR 20

 - max EUR 200
Art.53 Bank transfer in foreign currency,received in favor of the Customer - no commission
Art.54 Payments through the real-time interbank gross-settlement system /RINGS/, for amounts less than BGN 100 000 - BGN 20
Art.55 Transfer of resources from the account of one client of EURO-FINANCE Ltd. to the account of another client of EURO-FINANCE Ltd. -BGN 3
Art.56 Deposits in foreign currency on accounts of service  
 
  • individuals
 - 0,10% of the amount
 
  • legal persons
 - 0,20% of the amount
Art.57 Withdraws of currency on accounts of service

 

  
 
  • individuals
 - 0,20% of the amount
 
  • legal persons
 - 0,40% of the amount
Art.58

 

 Deposits in BGN on accounts of service

/No commission is charged if the operation is related to forex or securities transaction/

  
 
  • individuals
 - 0,25% of the amount
 
  • legal persons
 - 0,30% of the amount
Art.59

 

 Drawing in BGN on accounts of service

/No commission is charged if the operation is related to forex or securities transaction/

  
 
  • individuals
 - 0,25% of the amount
 
  • legal persons
 - 0,30% of the amount

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OPERATIONS VIA EFOCS SYSTEM

/EFOCS-Euro-Finance On-line Customer Service/

Section 1

Operations with securities on regulated marked in Bulgaria

Art.60 Accepting of order for sales-purchase of securities on regulated security market - no commission
Art.61 Cancellation of order for sales-purchase of securities on regulated security market - no commission
Art.62 A.  Government securities  
 
  • for customers not covered by the Investors Compensation Fund
 - 0,15% from the deal worth
 
  • for customers covered by the Investors Compensation Fund
 - 0,20% from the deal worth
  B.   Shares and other securities out point A and compensatory instruments  
 
  • for customers not covered by the Investors Compensation Fund
 -0,30%
 
  • for customers covered by the Investors Compensation Fund
 -0,40%
 
  • However in all cases:
 -min. BGN 2

 

Art.63 Shares and CTF funds traded on the Frankfurt Stock Exchange  
 
  • for customers not covered by the Investors Compensation Fund
 -0,30%
 
  • for customers covered by the Investors Compensation Fund
 -0,40%
 
  • However in all cases:
 -min. 10 EUR

 

Section 2

Operations of Contracts for Difference(CFD’s)

 

Art.64 Accepting of order for position opening - no commission
Art.65 Contract Price
- For shares traded on the european stock exchanges - 0,20% of initial price

-min. 20 units of the currency on the contract /20EUR; 20 GBP/
- For shares traded on the stock exchanges in the USA - 0.04 USD per share + 0,10% of initial price

-min. 20 USD
Art.66 Fee for amendment of a stop order or profit realization order -BGN 5
Art.67 Fee for cancellation of limited order on contract execution -BGN 5
Art.68 Transfer of open position for the next business day - 0,02 8% of the initial position cost

Section 3

Operations on transactions with foreign currency on net basis

 

Art.69 Accepting of order for position opening - BGN 2
Art.70 Transfer of open position for the next business day with regard to the market interest levels.

/to be specified by EURO-FINANCE Ltd./

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MISCELLANEOUS

Art.71 Daily statements on an account opened with EURO-FINANCE Ltd., on the request of the client - BGN 5,00 - monthly
Art.72 Confirmation of the balance on an account with EURO-FINANCE Ltd., other than the daily statements of the prevoius article - BGN 10,00
Art.73 Confirmation of security transactions  
 
  • by registered mail with delivery receipt
- BGN 6,00
 
  • by fax
 - BGN 6,00 per page
 
  • by e-mail
 no commission
 
  • via EURO-FINANCE Ltd. Web Page
 no commission
Art.74 Notification of amendments and modifications of the General Conditions , Tariff and significant changes in organization and business of EURO-FINANCE Ltd.  
 
  • by registered mail with delivery receipt
- BGN 6,00
 
  • by fax
  BGN 6,00 per page
 
  • by e-mail
 no commission
 
  • via EURO-FINANCE Ltd. Web Page
 no commission
Art.75 Reports on executed transactions:
  • in the current year
- subject to special arrangements
- min. BGN 30
  • in previous years
- subject to special arrangements
- min. BGN 60
Art.76 Correspondence due to incorrect orders - BGN 10
Art.77 Annual service commission - BGN 6,00
Art.78 Research, technical analysis, consultation - subject to special arrangements
- min. BGN 18
×ë.79 Securities information /registered amounts, movements, prices etc./, other than the standard reports of EURO-FINANCE LTD. in compliance with the Public offering of securities Act - subject to special agreement
- min. 60

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GENERAL

  1. The fees and commissions of the present Tariff are charged by EURO-FINANCE LTD. only on the common transactions. Fees and commissions on transactions not included in the present Tariff are subject to special agreement.
  2. At operations on management of individual investment portfolio of funds or securities , EURO-FINANCE Ltd. charges commission fees of 50% of the standard commission fee in accordance with this Tariff. Order Submission or Cancellation Fee is not charged. 
  3. The fees and commissions of the present Tariff are binding, unless the contract with the client stipulates something else. In case the fee and/or the commission, charged in compliance with the present Tariff, stultifies the transaction due to its characteristics and/or amount, the Heads of Departments have the right to act on their own in accordance with the interest of the company.
  4. The client pays all additional fees and commissions on the transaction, owed to third parties and not included in the present Tariff.
  5. In case the customer's order stipulates that all fees and commissions due, are on the beneficiary's account and EURO-FINANCE Ltd. fails to collect them, the company reserves the right to charge them on the customer.
  6. Unless the contract stipulates something else, EURO-FINANCE LTD. collects all fees and commissions due at the time of the execution of the transaction.
  7. Unless something else is explicitely specified, all fees and commissions fixed as percentage, are charged on the amount of the respective transaction.
  8. The present Tariff has been approved by the Board of Directofs of EURO-FINACE Ltd. with Protocol No. 196/23.12.2009 and comes in force as from January 04, 2010. It is the only one valid, replaces all the other tariffs and is subject to amendments.
     

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