CiliaFormosa tariff schedule

Local stockbroking

Nominee Min Non-Nominee Min
Bonds €0 to €50k 0.30% € 20 0.50% € 30
€50k to €100k 0.25% 0.45%
Over €100k 0.20% 0.40%
Shares €0 to €50k 1.00% € 20 1.25% € 30
€50k to €100k 0.75% 1.00%
Over €100k 0.50% 0.90%
Govt Treasury Bills 0.10% € 20 0.150% € 30
MSE transaction fee €4.50 / £4 / $5

International stockbroking

Bonds EUR 1.00% € 80
GBP 1.00% £70
USD 1.00% $100
Shares & ETF's EUR 1.25% € 80
GBP 1.25% £70
USD 1.25% $100
Stamp duty 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%
Subject to a maximum charge as quoted on KIID where applicable
Selling - Administration fee €30
Minimum investment value per fund €10,000
Additional investment €5,000
New client minimum investment value requirement is €20,000

Administration Fees

Quarterly valuations and income statements By email Free
By post Free
Annual witholding tax certificate Free
Processing of foreign interest and dividend payments €2.50
Withholding tax computations and settling of tax payments €3
Transfer of Dividends Transfer to any bank account - as charged by Bank
Dividend distribution by cheque €10 per cheque
Transaction fees for new bond and share issue applications Nominee Applications Free
Non-Nominee Applications €20
CiliaFormosa may receive commission from issuers of Initial Public Offerings (IPO's)
Re-issue of lost or expired cheque €20
W-8BEN form processing fee Free
Late submission of W8-BEN form €50
Safe-keeping Fee Portfolio value less than €250k 0.05% per annum
Portfolio value €250k - €1m 0.04% per annum
Portfolio value over €1m 0.03% per annum
Fee is charged on a quarterly basis in arrears - A minimum fee of €25 per account is applicable
Internal transfer of holdings €25
Investment Confirmation Letter €75
Pledging of holdings €50 per security
Subject to a maximum fee of €200
Onboarding fee - clients with third country connections* A minimum of €2,500
*Potential clients having relevant personal links to third countries and/or high risk jurisdictions (based on Customer Risk Assessment)
Annual due diligence fee for clients with third country connections* €1,800 per annum, paid quarterly in advance
*Potential clients having relevant personal links to third countries and/or high risk jurisdictions (based on Customer Risk Assessment)
Release of estate charges 0.25%
Subject to a minimum fee of €150
Early account closure Fee Within 12 months of opening €500
Between 12 and 24 months of opening €250
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
Overdrawn account 8% per annum