Investment services

In the bank‘s branch /
By telephone

Via Internet

1.

Opening of securities account

Free of charge

Free of charge

2.

Opening of personal securities account at the central securities
depository

As agreed

As agreed

3.

Trading in shares and exchange-traded funds (ETF)1

3.1.

Europe:

3.1.1.

Lithuania, Latvia, Estonia2 

0.65 % (min. 5 Eur)

0.20 % (min. 1.5 Eur) 

3.1.2.

Ireland (stamp duty of 1.0% applies for all purchases) 

0.50 % (min. 40 Eur)

0.30 % (min. 30 Eur)

3.1.3.

Austria

0.50 % (min. 45 Eur)

0.40 % (min. 35 Eur)

3.1.4.

Belgium

0.50 % (min. 40 Eur)

0.30 % (min. 30 Eur)

3.1.5.

Bulgaria

0.80 % (min. 100 Eur)

0.50 % (min. 75 Eur)

3.1.6.

Czech Republic

0.70 % (min. 90 Eur) 

0.50 % (min. 70 Eur) 

3.1.7.

Denmark

0.50 % (min. 45 Eur) 

0.30 % (min. 35 Eur)

3.1.8.

Great Britain (a stamp duty of 0.5% applies for all purchases of
local shares)

0.50 % (min. 45 Eur)

0.30 % (min. 35 Eur)

3.1.9.

ETFs, Depositary Receipts (GDR / ADR)

0.40 % (min. 60 USD)

0.40 % (min. 55 USD)

3.1.10.

Greece (a stamp duty of 0.2% applies for all sales)

0.70 % (min. 100 Eur) 

0.70 % (min. 80 Eur)

3.1.11.

Georgia

2.50 % (min. 50 Eur)

2.50 % (min. 30 Eur)

3.1.12.

Spain

0.50 % (min. 45 Eur)

0.30 % (min. 35 Eur)

3.1.13.

Italy (a stamp duty of 0.22% for all purchases)

0.35 % (min. 40 Eur)

0.30 % (min. 35 Eur) 

3.1.14.

Croatia

0.90 % (min. 40 Eur)

0.70 % (min. 30 Eur)

3.1.15.

Poland

0.40 % (min. 20 Eur)

0.30 % (min. 15 Eur)

3.1.16.

Netherlands

0.35 % (min. 45 Eur)

0.30 % (min. 35 Eur)

3.1.17.

Norway

0.50 % (min. 45 Eur)

0.30 % (min. 35 Eur)

3.1.18.

Portugal

0.35 % (min. 45 Eur)

0.30 % (min. 35 Eur)

3.1.19.

France (A financial transaction taxof 0.3% applies for all
purchases)

0.35 % (min. 45 Eur)

0.30 % (min. 40 Eur)

3.1.20.

Romania

1.00 % (min. 75 Eur)

0.60 % (min. 35 Eur)

3.1.21.

Russia MOEX

0.50 % (min. 35 Eur)

0.35 % (min. 25 Eur)

3.1.22.

Serbia

1.10 % (min. 120 Eur)

1.00 % (min. 100 Eur)

3.1.23.

Slovakia

0.90 % (min. 50 Eur)

0.60 % (min. 40 Eur)

3.1.24.

Slovenia

1.20 % (min. 130 Eur)

0.90 % (min. 80 Eur)

3.1.25.

Finland

0.35 % (min. 40 Eur)

0.30 % (min. 30 Eur)

3.1.26.

Sweden

0.30 % (min. 45 Eur)

0.25 % (min. 35 Eur) 

3.1.27.

Switzerland

0.50 % (min. 50 Eur)

0.30 % (min. 40 Eur)

3.1.28.

Turkey

0.90 % (min. 45 Eur)

0.60 % (min. 35 Eur)

3.1.29.

Hungary

0.80 % (min. 55 Eur)

0.60 % (min. 45 Eur)

3.1.30.

Germany Xetra

0.35 % (min. 25 Eur)

0.30 % (min. 20 Eur)

3.1.31.

Germany Frankfurt

0.50 % (min. 35 Eur)

0.40 % (min. 30 Eur)

3.2.

America:

3.2.1.

US (not less than 0,02 USD per share)

0.30 % (min. 20 USD)

0.25 % (min. 12 USD)

3.2.2.

Canada (not less than 0,02 Eur per share)

0.30 % (min. 35 Eur)

0.25 % (min. 25 Eur)

3.3.

Asia / Pacific Ocean:

3.3.1.

Australia, minimal transaction size 15 000 AUD

0.60 % (min. 50 Eur)

0.60 % (min. 50 Eur)

3.3.2.

Hong Kong (stamp duties and trading taxes of 0.108% applies)

0.70 % (min. 70 Eur)

0.70 % (min. 70 Eur)

0,70 % (min. 70 Eur)

3.3.3.

Japan, minimum order size – 1 500 000 JPY 

0.80 % (min. 60 Eur)

0.80 % (min. 60 Eur)

3.3.4.

Singapore (stamp duties and trading taxes of 0.04% applies)

0.70 % (min. 80 Eur)

0.70 % (min. 80 Eur)

3.4.

Other foreign markets

As agreed

As agreed

4.

Trading in investment funds

4.1.

Bond and money market funds

0.30 % (min. 30 Eur)

0.30 % (min. 30 Eur)

4.2.

Equity and balanced funds

0.50 % (min. 30 Eur)

0.50 % (min. 30 Eur)

4.3.

Funds distributed by the Bank

Fees specified in the funds prospectuses

Fees specified in the funds prospectuses

5.

Trading in debt securities

5.1.

Via Šiaulių bankas

Free of charge

Free of charge

5.2.

When Šiaulių bankas acts as an intermediary:

5.2.1.

Lithuanian, Latvian, Estonian bonds, except Eurobonds

0.05 % (min. 10 Eur)

0.05 % (min. 10 Eur)

5.2.2.

Lithuanian Govt. bond auctions on the NASDAQ Vilnius Stock Exchange

0.02 % (min. 10 Eur)

0.02 % (min. 10 Eur)

5.2.3.

Bonds of other foreign countries:
- Bulgaria, Czech Republic, Greece, Croatia, Romania, Slovakia,
Slovenia, Turkey, Hungary

0.10 % (min. 55 Eur or 100 USD, if DVP transaction’s3 currency is USD)

0.10 % (min. 55 Eur or 100 USD, if DVP transaction’s3 currency is USD)

5.2.4.

Eurobonds and foreign bonds

0.10 % (min. 25 Eur or 100 USD, if DVP transaction’s3 currency is USD)

0.10 % (min. 25 Eur or 100 USD, if DVP transaction’s3 currency is USD)

5.2.5.

Unlisted debt securities 

0.20 % (min. 20 Eur)

0.20 % (min. 20 Eur)

6.

Securities safekeeping fee (monthly)
Market

6.1.

Lithuania

0.005 %

0.005 %

6.2.

Latvia, Estonia

0.007 %

0.007 %

6.3.

Bosnia (Banja Luka), Kazakhstan, Russia

0.070 %

0.070 %

6.4.

Bulgaria, Czech Republic, Georgia, Hong Kong, Croatia, Poland, Romania, Serbia, Slovakia, Slovenia, Turkey, Hungary, Ukraine

0.035 %

0.035 %

6.5.

Ireland, Australia, Austria, Belgium, Denmark, Great Britain, Greece,
Spain, Italy, Japan, the USA, Canada, Luxembourg, Norway, Netherlands, Portugal, France, Singapore, Finland, Sweden, Switzerland, Germany

0.014 %

0.014 %

0,014 %

6.6.

Eurobonds

0.008 %

0.008 %

6.7.

Investment funds 

0.015 %

0.015 %

7.

Transaction fees4

7.1.

Free-of-payment transfer of securities of Lithuanian, Latvian, Estonian issuers to the account of another custodian or from the account of the Issuer

5 Eur

5 Eur

7.2.

Free-of-payment transfer of investment fund units registered in Lithuania to the account of another custodian or from the account of the Issuer

7 Eur

7 Eur

7.3.

Free-of-payment transfer of foreign securities to the account of another custodian

10 Eur plus third party fees

10 Eur plus third party fees

7.4.

Free-of-payment transfer (acceptance) of foreign securities

Only third party fees

Only third party fees

7.5.

Confirmation of transaction when the bank acts only as the custodian of securities or funds (cash)

15 Eur plus third party fees for debiting/crediting funds and securities

15 Eur plus third party fees for debiting/crediting funds and securities

7.6.

Amendment, error correction, failure to confirm or cancelation of operation

20 Eur plus third party fees

20 Eur plus third party fees

8.

Registration of OTC transactions5

8.1.

Registration of OTC transaction (purchase, sale, donation) of Lithuanian securities

10 Eur

10 Eur

8.2.

Registration of OTC transaction (purchase, sale, donation) of foreign securities

15 Eur

15 Eur

8.3.

Registration and settlement in USD of OTC transaction of foreign securities

100 USD

100 USD

8.4.

Preparation, registration and settlement of non-standard OTC transaction

Under agreement

Under agreement

8.5.

Securities inheritance transaction (fee is paid by the securities recipient)

5 Eur

5 Eur

8.6.

Conclusion, extension of securities repurchase (repo) transaction

14 Eur

14 Eur

8.7.

Amendment of securities repo transaction conditions, except term of repo

8 Eur

8 Eur

8.8.

Pledging of securities6 

15 Eur

15 Eur

8.9.

Securities transaction in compliance with the report initiated not by the bank (the fee shall apply to those who participate in stock events published by foreign companies that are not obligatory)

14 Eur plus third party fees

14 Eur plus third party fees

9.

Provision of additional reports7, statements, certificates under request

9.1.

Lithuanian / English

In accordance to the fees of preparation of reports and other certificates

In accordance to the fees of preparation of reports and other certificates

9.2.

Delivery of information by mail

In accordance to the correspondence dispatch
fees

In accordance to the correspondence dispatch
fees

10.

Certificate of taxes paid to a foreign country (outside the European Union)

14 Eur plus third party charges

14 Eur plus third party charges

11.

Preparation of Settlement instructions / Registration / Settlement

45 Eur or 100 USD, if DVP transaction’s3 currency is USD)

45 Eur or 100 USD, if DVP transaction’s3 currency is USD)

12.

Other investment services

12.1.

Provisions of the securities accounts statements from the issuer’s document accounting archives (in cases when the issuer‘s securities accounting is no longer carried out by the issuer)

5 Eur per one securities owner‘s statement from issuer‘s securities accounts

5 Eur per one securities owner‘s statement from issuer‘s securities accounts

12.2.

Provisions of copies of the securities transaction documents from the document accounting archive

3 Eur per page but not exceeding 10 Eur

3 Eur per page but not exceeding 10 Eur

12.3.

Other services

As agreed

As agreed

1
A minimum transaction fee on the secondary market shall be collectively applied to all day transactions of one order. If the order is being executed for several days, a minimum fee shall be calculated for each day of order execution. Some foreign stock exchanges may apply minimum order size or minimum number of shares and their multiple. Some foreign countries additionally apply an additional financial transaction tax.

2
The internet fee is applied on the transactions on special procedure markets (tender offer, public sale)

3
Delivery versus payment (DVP) transactions stipulates that cash payment must be made or simultaneously with the delivery of the security.

4
If client’s securities are stored at third parties (foreign depositories, banks and other custodians), the third-party charges include fees for securities transfer applied by the custodians to the bank.

5
In case of registration of OTC transaction the fee is paid by both parties unless stated otherwise. In case of registration of OTC transaction of foreign securities, the charges established by third parties (foreign depositories, other intermediaries) shall be applied when securities are safe stored by these third parties.

6
Shall not apply if securities are pledged as collateral to ensure fulfilment of liabilities arising from embedded derivative agreement.

7
Additionally submitted documents shall mean such documents (statements, reports, certificates, etc.) which, upon the client’s request, shall be submitted to the client additionally not including the documents which have to be provided by the bank to the client free of charge in compliance with the regulations.