Custodian services
Tariffs and rates of custodian services
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Name of the service |
Unit |
Tariff |
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2.1 |
Main services provided to account holders |
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2.1.1. |
Services to registered owners related to custody of securities accounts |
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2.1.1.1. |
Opening, changing, custody, and closing of securities (shares) account |
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a |
Opening securities account |
Securities account |
Free of charge |
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b |
Recording changes of the information included in the securities account |
Free of charge |
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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 |
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d |
Closing the securities account |
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Free of charge |
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2.1.2. |
Services conditioned by transfer of securities outside the RM |
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2.1.2.1. |
Transfer of shares on any basis, including the “Free delivery principle”2 |
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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 |
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AMD 1 000 000- |
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more than AMD |
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2.1.2.2. |
Transfer of bonds on any basis, including the “Free delivery principle”3 |
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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 |
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AMD 2 000 000- |
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more than AMD |
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2.1.2.3. |
Transfer of securities from one account to another as a result of signing repo or reverse repo transactions |
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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 |
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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 |
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a |
Transfer of the portfolio |
The payment order/payment is made by the transferring party |
AMD 6 000 |
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2.1.2.5. |
Transfer of securities by the principle “Delivery upon payment” on any basis |
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a |
DVP transfer of shares |
Total nominal value of the securities that are the subject of a transaction/is paid by each party |
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AMD 1 000 000- |
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more than AMD |
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2.1.2.6. |
Transfer of bonds by the principle “Delivery upon payment” on any basis |
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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 |
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AMD 10 000 000-2 000 000 000/ 0.015% |
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more than AMD |
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2.1.2.7. |
Extrajudicial sale of pledged securities |
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a |
Extrajudicial sale of pledged securities |
Total nominal value of the sold securities /is paid by the pledgee |
up to AMD |
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more than AMD |
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2.1.3. |
Services related to pledge, freezing, trade banning of securities, as well as registeringrestriction of the right of vote |
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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 |
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a |
Pledging of shares |
Total nominal value of the pledged securities (shares) /is paid by the pledger |
up to AMD |
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more than AMD |
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b |
Pledging of bonds |
Total nominal value of the pledged bonds/is paid by the pledger |
up to AMD |
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more than AMD |
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2.1.3.2. |
Freezing of securities or the securities account by the order of the account holder or the latter’s authorized representative |
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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% |
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more than AMD |
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2.1.3.3. |
Trade banning of securities as a result of transactions concluded at the RM |
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ա |
Trade banning |
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Free of charge |
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2.1.3.4. |
Temporary restriction of the right to vote on the banned shares at the general meeting of a joint stock company |
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a |
Temporary restriction of the right of vote |
Total nominal value of the securities with restricted right to vote |
0.5 % |
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2.1.3.5. |
Lifting pledge, freezing, trade banning and other restrictions |
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a |
Lifting pledge, freezing, trade banning and other restrictions |
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Free of charge |
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2.1.4. |
Providing information to the account holder |
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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) |
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a |
Providing a transcript from the securities account (including by each class (a transcript from the register) |
Transcript |
AMD 1 000 |
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b |
Providing a reference about the operations done with the securities account (including the flow of securities) |
Reference |
AMD 2 000 |
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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) |
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a |
Electronically |
1 reference |
AMD 5 000 |
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b |
Paper form |
AMD 10 000 |
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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
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Name of the service |
Unit |
Tariff |
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3.1. |
Securities' custody service |
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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 |
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3.1.2. |
Custody of debt securities (except for Eurobonds issued on behalf of the Republic of Armenia) |
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3.1.3. |
Custody of Eurobonds issued on behalf of the Republic of Armenia |
0.0015% |
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3.2. |
Services related to final settlement with securities4 |
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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 |
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3.2.2. |
Processing of wrongly formatted or delayed orders |
Per order |
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3.2.3. |
Costs related to physical delivery or receipt of securities (including insurance) |
Per case |
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3.2.4. |
Group matching |
Per transaction |
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3.3. |
Services related to final settlement with monetary funds |
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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 |
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3.3.2. |
Operations with monetary funds without orders |
Per order |
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3.3.3. |
Processing of wrongly formatted or delayed orders |
Per order |
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3.4. |
Issuance of reports |
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3.4.1. |
Statement on monthly interest receivable |
Per statement |
Tariff announced to the Central Depository by the foreign custodian (including taxes) + 30% premium |
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3.4.2 |
Report on securities available on account |
Per report |
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3.4.3. |
Report on cash flow balance |
Per report |
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3.4.4. |
Report on cash resources |
Per report |
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3.4.5. |
Operations reference |
Per reference |
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3.4.6. |
Reference to upcoming transactions |
Per report |
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3.4.7. |
Final Settlement Approval Report |
Per report |
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3.4.8. |
Securities lending report |
Per report |
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3.4.9. |
Providing breakdown of securities on account per markets |
Per report |
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3.4.10. |
Sending reports by mail or email |
Per report |
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3.4.11. |
Reference confirmation order |
Per report |
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3.4.12 |
Final Settlement Instruction Status Report |
Per report |
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3.4.13 |
Account withdrawal or account deposit reference |
Per reference |
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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
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Type of the service |
Tariff |
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1 |
Opening of a personal account |
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1.1. |
For individual |
Free of charge |
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1.2. |
For legal entity |
Free of charge |
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1.3. |
Service of a depo account |
AMD 5000 annually, is charged once a quarter – AMD 1250 |
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1.4. |
Service of a depo account of the clients using the Bank’s investment services |
Free of charge |
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2. |
Crediting securities to the client’s depo account |
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2.1. |
Crediting securities to the client’s depo account |
Free of charge |
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3. |
Transfer of securities |
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3.1. |
Intra-custodian transfer of securities |
AMD 200 |
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3.2. |
Inter-custodian transfer of securities |
AMD 1000 |
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3.3. |
Intra-custodian and inter-custodian transfer of securities that belong to qualified investors* |
Free of charge |
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3.4. |
Transfer of securities in the result of a transaction of provision of investment services by the Bank |
Free of charge |
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4. |
Banning and pledging of securities |
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4.1. |
Intra-custodian banning and/or pledging of securities |
AMD 2000 |
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4.2. |
Intra-custodian banning and/or pledging of securities |
AMD 5000 |
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4.3. |
Trade banning |
AMD 1000 |
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4.4. |
Intra-custodian and inter-custodian banning (pledging) of securities owned by qualified investors |
Free of charge |
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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 |
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5. |
Lifting of ban and pledge imposed on securities |
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5.1. |
Lifting intra-custodian banning and/or pledging of securities |
AMD 500 |
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5.2. |
Lifting intra-custodian banning and/or pledging of securities |
AMD 1000 |
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5.3. |
Lifting trade banning |
AMD 500 |
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5.4. |
Lifting intra-custodian and inter-custodian banning (pledging) and/or trade banning of securities that belong to qualified investors |
Free of charge |
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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 |
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6 |
Providing transcripts and references |
Free of charge |