Custodian services
Tariffs and rates of custodian services
| Name of the service | Unit | Tariff | |
| 2.1 | Main services provided to account holders |
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| 2.1.1. | Services to registered owners connected with custody of securities accounts | ||
| 2.1.1.1. | Opening , changing, custody, and closing of securities (shares) account | ||
| a | Opening securities account | Securities account | Free of charge |
| b | Recording changes of the information included in the securities account | Free of charge | |
| c | Maintenance of securities (except for the securities account allowed for trade at the RA RM, as well as those owned by the state or community the securities that belong to the Central Bank of the RA by the ownership right) account | Nominal value /monthly/ of the balance of securities available on the account holder’s account at the end of each month | 0.001 % |
| d | Closing the securities account | Free of charge | |
| 2.1.2. | Services caused by transfer of securities outside the RM | ||
| 2.1.2.1. | Transfer of shares on any basis, including the "Free delivery principle"2 | ||
|
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 |
| AMD 1 000 000- 3 000 000 000/0.1% |
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| more than AMD 3 000 000 000 / AMD 3 000 000 |
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| 2.1.2.2. | Transfer of bonds on any basis, including the "Free delivery principle"3 | ||
|
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 |
| AMD 2 000 000- 4 000 000 000/0.01% |
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| more than AMD 4 000 000 000 / AMD 400 000 |
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| 2.1.2.3. | Transfer of securities from one account to another in the result of signing repo or reverse repo transactions | ||
| a | Transfer of securities in the result of signing repo or reverse repo transactions | The order/payment is made by each party (if both parties have a security amount opened at the Bank | AMD 7 000 |
| 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 | ||
| a | Transfer of the portfolio | The order/payment is made by the transferring party | AMD 6 000 |
| 2.1.2.5. | Transfer of securities by the principle "Delivery versus payment" on any basis | ||
|
a |
DVP transfer of securities |
Total nominal value of the securities that are the subject of a transaction/is paid by each party |
up to AMD 1 000 000 /AMD 2 000 |
| AMD 1 000 000- 2 000 000 000/ 0.2% |
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| more than AMD 2 000 000 000 /AMD 4 000 000 |
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| 2.1.2.6. | Transfer of bonds by the principle "Delivery versus payment" on any basis | ||
|
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 10 000 000/AMD 2 000 |
| AMD 10 000 000-2 000 000 000/ 0.02% | |||
| more than AMD 2 000 000 000 / AMD 4 000 000 |
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| 2.1.2.7. | Extrajudicial sale of pledged securities | ||
|
a |
Extrajudicial sale of pledged securities |
Total nominal value of the sold securities /is paid by the pledgee | up to AMD 140 000 000 /0.25 % |
| more than AMD 140 000 000 / AMD 350 00 |
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| 2.1.3. | Services connected with pledge, freezing, trade banning of securities, as well as recording restriction of the right of vote | ||
| 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 | ||
|
a |
Pledging |
Total nominal value of the pledged securities (shares) /is paid by the pledger | up to AMD 3 000 000 000 /0.1% |
| more than AMD 3 000 000 000 /AMD 3 000 000 |
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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 | ||
|
a |
Freezing |
Total nominal value of the pledged securities (shares) /is paid by the account holder | up to AMD 3 000 000 000 / 0.1% |
| more than AMD 3 000 000 000 / AMD 3 000 000 |
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| 2.1.3.3. | Trade banning of securities in the result of transactions concluded at the RM | ||
| ա | Trade banning | AMD 2 500 | |
| 2.1.3.4. | Temporary restriction of the right of voting on the banned shares at the general meeting of a joint stock company | ||
| a | Temporary restriction of the right of voting | Total nominal value of the securities with restricted right of voting | 0.5 % |
| 2.1.3.5. | Ceasing of pledge, freezing, trade banning and other restrictions | ||
| a | Ceasing of pledge, freezing, trade banning and other restrictions | AMD 2 500 | |
| 2.1.4. | Providing information to the account holder | ||
| 2.1.4.1. | Providing a statement from the securities account (including from the register) or a reference about the operations done with the securities account (including the flow of securities) | ||
| a | Providing a statement from the securities account (including by each class (a statement from the register) |
Statement | AMD 1 000 |
| b | Providing a reference about the operations done with the securities account (including the flow of securities) | Reference | AMD 3 000 |
1Accrual of the tariff specified for this begins from the moment of reopening or opening of an account holder’s account by the AO until the date of closing of the account, inclusive.
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
| Name of the service | Unit | ||
| 3.1. | Securities' custody service | ||
| 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) + 50% premium |
| 3.1.2. | Custody of debt securities (except for Eurobonds issued on behalf of the Republic of Armenia) | ||
| 3.1.3. | Custody of Eurobonds issued on behalf of the Republic of Armenia | 0.0015% | |
| 3.2. | Remote participation in meetings | ||
| 3.2.1. | Receiving notifications | Per meeting | Tariff announced to the Central Depository by the foreign custodian (including taxes) + 50% premium |
| 3.2.2. | Receiving the agenda | ||
| 3.2.3. | Ordering the access card | ||
| 3.2.4. | Processing the voting order | ||
| 3.3. | Services related to final settlement with securities4 | ||
| 3.3.1. | 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) + 50% premium |
| 3.3.2. | Processing of wrongly formatted or delayed orders | Per order | |
| 3.3.3. | Costs related to physical delivery or receipt of securities (including insurance) | Per case | |
| 3.3.4. | Group matching of the final settlement | Per transaction | |
| 3.4. | Services related to final settlement with monetary funds | ||
| 3.4.1. | 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) + 50% premium |
| 3.4.2. | Operations with monetary funds without orders | Per order | |
| 3.4.3. | Processing of wrongly formatted or delayed orders | Per order | |
| 3.5. | Providing reports | ||
| 3.5.1. | Notification on corporate actions | Per notification | Tariff announced to the Central Depository by the foreign custodian (including taxes) + 50% premium |
| 3.5.2. | Reference on approval of corporate actions | Per reference | |
| 3.5.3. | Reference on receipt of monthly interest amount | Per reference | |
| 3.5.4. | Report on the securities available on the account | Per report | |
| 3.5.5. | Report on the balance of funds | Per report | |
| 3.5.6. | Report on funds | Per report | |
| 3.5.7. | Reference on operations | Per reference | |
| 3.5.8. | Reference on expected operations | Per reference | |
| 3.5.9. | Report on approval of final settlement | Per report | |
| 3.5.10. | Report on lending with securities | Per report | |
| 3.5.11. | General report on corporate actions | Per report | |
| 3.5.12. | Providing breakdown of the securities available on the account, by markets | Per report | |
| 3.5.13. | Sending reports by post or e-mail | Per report | |
| 3.5.14. | Reference on approval of the order | Per report | |
| 3.5.15. | Report on the status of the order for final settlement | Per report | |
| 3.5.16. | Reference on approval of debit from or credit to the account | Per report |
4The orders subject to final settlement but non-performed yet, on the 45th day after recording of the order shall be revoked automatically, 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
| Type of the service | Tariff | |
| 1 | Opening of a personal account | |
| 1.1. | For a private individual | Free of charge |
| 1.2. | For a legal entity | Free of charge |
| 1.3. | Service of a depo account | AMD 5000 annually, is charged once a quarter – AMD 1250 |
| 1.4. | Service of a depo account of the clients who make use of the Bank’s investment services | Free of charge |
| 2. | Crediting securities to the client’s depo account | |
| 2.1. | Crediting securities to the client’s depo account | Free of charge |
| 3. | Transfer of securities | |
| 3.1. | Intra-custodian transfer of securities | AMD 200 |
| 3.2. | Inter-custodian transfer of securities | AMD 1000 |
| 3.3. | Intra-custodian and inter-custodian transfer of securities that belong to qualified investors* | Free of charge |
| 3.4. | Transfer of securities in the result of a transaction of provision of investment services by the Bank | Free of charge |
| 4. | Banning and pledging of securities | |
| 4.1. | Intra-custodian banning and/or pledging of securities | AMD 2000 |
| 4.2. | Intra-custodian banning and/or pledging of securities | AMD 5000 |
| 4.3. | Trade banning | AMD 1000 |
| 4.4. | Intra-custodian and inter-custodian banning (pledging) of securities that belong to qualified investors | Free of charge |
| 4.5. | Intra-custodian and inter-custodian banning, trade banning and/or pledging of securities in the result of a transaction of provision of investment services by the Bank | Free of charge |
| 5. | Ceasing of banning and pledging of securities | |
| 5.1. | Ceasing of intra-custodian banning and/or pledging of securities | AMD 500 |
| 5.2. | Ceasing of intra-custodian banning and/or pledging of securities | AMD 1000 |
| 5.3. | Ceasing of trade banning | AMD 500 |
| 5.4. | Ceasing of intra-custodian and inter-custodian banning (pledging) and/or trade banning of securities that belong to qualified investors | Free of charge |
| 5.5. | Ceasing of intra-custodian and inter-custodian banning, trade banning and/or pledging of securities in the result (with the purpose) of a transaction of provision of investment services by the Bank | Free of charge |
| 6 | Providing statements and reference | Free of charge |