| | Effective from 01.05.2008 |
| Services | For residents | For non-residents |
| 9. PRODUCTS AND SERVICES IN FINANCIAL MARKETS | | |
| 9.1. Financial instruments (FI) account, maintenance of a FI account: | | |
| 9.1.1. Opening a financial instruments account: | | |
| For individuals | Free of charge | Free of charge |
| For corporate persons | Free of charge | Free of charge |
| 9.1.2. Account maintenance: | | |
| For individuals | Free of charge | Free of charge |
| For corporate persons | Free of charge | Free of charge |
| 9.1.3. Regular account statement | | |
| In the bank (once a month) | 0.50 LVL | 1 EUR |
| By post (once a month) | 2 LVL | 5 EUR |
| By fax (once a month) | 5 LVL per month | 10 EUR per month |
| 9.1.4. Repeated account statement | | |
| In the bank | 1 LVL per statement | 2 EUR per statement |
| By post, fax | 5 LVL per statement | 10 EUR per statement |
| 9.1.5. Closing a FI account | Free of charge | Free of charge |
| 9.1.6. Charge for maintenance of the securities portfolio (% of the portfolio value): | | |
| 9.1.6.1. Latvian, Lithuanian and Estonian shares and deposit certificates: | | |
| Up to 10,000 LVL | 0.02% (min 2 LVL) | 0.02% (min 5 EUR) |
| Over 10,000 LVL | 0.018% | 0.018% |
| 9.1.6.2. Russian shares | 0.05% (min 5 LVL) | 0.05% (min 10 EUR) |
| 9.1.6.3. Other foreign shares | 0.05% (min 0.50 LVL) | 0.05% (min 1 EUR) |
| 9.1.6.4. State promissory notes of the Republic of Latvia registered with the Latvian Central Depositary | 0.004% (min 1 LVL) | 0.004% (min 2 EUR) |
| 9.1.6.5. Other promissory notes registered with the Latvian Central Depositary | 0.015% (min 1 LVL) | 0.015% (min 2 EUR) |
| 9.1.6.6. Foreign promissory notes | 0.025% (min 1 LVL) | 0.025% (min 2 EUR) |
| 9.2. FI transfers and remittances: | | |
| 9.2.1. Portfolio transfers (per issue of securities): | | |
| For individuals | 1 LVL | 2 EUR |
| For corporate persons | 3 LVL | 5 EUR |
| 9.2.2. Transfers of state promissory notes of the Republic of Latvia: | | |
| 9.2.2.1. In the Latvian Central Depositary: | | |
| For individuals | 3 LVL | 5 EUR |
| For corporate persons | 5 LVL | 10 EUR |
| 9.2.2.2. For securing of REPO transactions | 5 LVL | 10 EUR |
| 9.2.3. Other transfers of securities of Latvian issuers: | | |
| 9.2.3.1. In the Latvian Central Depositary: | | |
| For individuals | 8 LVL | 15 EUR |
| For corporate persons | 10 LVL | 20 EUR |
| 9.2.3.2. For securing of REPO transactions | 12 LVL | 20 EUR |
| 9.2.4. Transfers of foreign promissory notes: | | |
| EUROCLEAR/CEDEL | 35LVL | 70 EUR |
| Within DVP Euroclear or CEDEL (including for securing of buy and sell transactions) | 25 LVL | 50 EUR |
| Transfer for Buy–Sell-Back or REPO | 8 LVL | 15 EUR |
| Receiving financial instruments from Euroclear and CEDEL depositaries | 25 LVL | 50 EUR |
| 9.2.5. Transfers of shares of the Republic of Latvia (in the Latvian Central Depositary): | | |
| For individuals | 8 LVL | 15 EUR |
| For corporate persons | 10 LVL | 20 EUR |
| 9.2.6. Transfers of Russian shares | 35 LVL | 70 EUR |
| 9.2.7. Transfers of other foreign shares: | | |
| For individuals | 8 LVL | 15 EUR |
| For corporate persons | 10 LVL | 20 EUR |
| 9.2.8. DVP transfers (per advice) to LCD: | | |
| Intrabank DVP transfers (per advice) | 5 LVL | 10 EUR |
| DVP transfers (per advice) in lats | 12 LVL | 25 EUR |
| DVP transfers (per advice) in foreign currencies | 12 LVL | 25 EUR |
| 9.3. Broker services: | | |
| 9.3.1. Charge for execution of a transaction at Riga Stock Exchange (% of the transaction amount): | | |
| 9.3.1.1. Shares and deposit certificates: | | |
| Up to 5000 LVL | 0.50% (min 2.50 LVL) | 0.50% (min 5 EUR) |
| From 5000 to 10,000 LVL | 0.45% | 0.45% |
| Over 10,000 LVL | 0.40% | 0.40% |
| 9.3.1.2. Bonds of Latvian issuers | 0.10%+10 LVL | 0.10%+20 EUR |
| 9.3.1.3. Direct transactions | 0.25%+10 LVL | 0.25%+20 EUR |
| 9.3.1.4. Participation in the auction of bonds at Riga Stock Exchange: | | |
| Up to 100,000 LVL (% of the transaction amount) | 0.15% | 0.15% |
| Over 100,000 LVL (% of the transaction amount) | 0.05% | 0.05% |
| 9.3.2. Charge for execution of a transaction in foreign stock exchanges (% of the transaction amount): | | |
| Tallinn Stock Exchange (Estonia) | 0.50% of the amount (min 12 LVL) | 0.50% of the amount (min 25 EUR) |
| Vilnius Stock Exchange (Lithuania) | 0.50% of the amount (min 12 LVL) | 0.50% of the amount (min 25 EUR) |
| Russian Trading System, RTS (Russia) | 0.30% of the amount (min 25 LVL) | 0.30% of the amount (min 50 EUR) |
| European stock exchanges | 0.60% of the amount (min 30 LVL) | 0.60% of the amount (min 60 EUR) |
| NYSE, NASDAQ, AMEX (USA) | 0.40% of the amount (min 25 USD) | 0.40% of the amount (min 25 USD) |
| Other markets | Information in Bank | Information in Bank |
| 9.3.3. Charge for transactions in Eurobonds: | | |
| Up to 100,000 USD (% of the transaction amount) | 0.10% (min 10 USD/EUR) | 0.10% (min 10 USD/EUR) |
| 100,000 USD and more (% of the transaction amount) | 0.05% | 0.05% |
| 9.3.4. Participation in the auction of state promissory notes of the Republic of Latvia in the Bank of Latvia, Latvian Central Depositary (% of the par value) | 0.05% | 0.05% |
| 9.3.5. Other transfers with promissory notes of Latvian issuers: | | |
| State promissory notes of the Republic of Latvia | 5 LVL | 10 EUR |
| Promissory notes of Latvian issuers, except the state | 10 LVL | 20 EUR |
| 9.4. Transactions with share certificates of investment funds: | | |
| 9.4.1. Charge for purchase of investment certificates (of the investment amount): | | |
| Baltic Index Fonds | 3.00% | 3.00% |
| Valsts Obligaciju fonds | 1.00% | 1.00% |
| Internacionalo akciju fondu fonds | 1.00% | 1.00% |
| Investment certificates of other funds | 0.1% of the amount+the Bank’s actual costs (min 5 LVL) | 0.1% of the amount+Bank's actual costs (min 10 EUR) |
| 9.4.2. Charge for repurchase of investment certificates (of the investment amount): | | |
| Baltic Index Fonds | Free of charge | Free of charge |
| Valsts Obligaciju fonds | Free of charge | Free of charge |
| Internacionalo akciju fondu fonds | Free of charge | Free of charge |
| Investment certificates of other funds | 0.1% of the amount+the Bank’s actual costs (min 5 LVL) | 0.1% of the amount+the Bank's actual costs (min 10 EUR) |
| 9.4.3. Execution of buy/sell transactions in investment certificates: | | |
| For individuals | 1 LVL | 2 EUR |
| For corporate persons | 3 LVL | 5 EUR |
| 9.4.4. Execution of transactions in transition from one fund to another: | | |
| For individuals | 2 LVL | 5 EUR |
| For corporate persons | 4 LVL | 10 EUR |
| 9.4.5. Transfers of shares of funds (Latvian, Lithuanian and Estonian investment certificates): | | |
| For individuals | 3 LVL | 5 EUR |
| For corporate persons | 5 LVL | 10 EUR |
| 9.4.6. Transfers of shares of funds in transition from one fund to another (Latvian, Lithuanian and Estonian investment certificates): | | |
| For individuals | 5 LVL | 10 EUR |
| For corporate persons | 7 LVL | 15 EUR |
| 9.5. Other services with financial instruments: | | |
| 9.5.1. Deregistration: | | |
| For individuals | | |
| To one's own securities account | 2 LVL | 5 EUR |
| To other person's account | 3 LVL | 10 EUR |
| For corporate persons | | |
| To one's own securities account | 6 LVL | 10 EUR |
| To other person's account | 7 LVL | 15 EUR |
| 9.5.2. Blocking securities for the general meeting of shareholders | 1 LVL | 2 EUR |
| 9.5.3. Making securities pledge, blocking securities: | | |
| For individuals | 5 LVL | 10 EUR |
| For corporate persons | 8 LVL | 15 EUR |
| 9.5.4. Representing the shareholder's interest in the general meeting | Information in Bank | Information in Bank |
| 9.5.5. Transfers to the initial register: | | |
| For individuals | 5 LVL | 10 EUR |
| For corporate persons | 8 LVL | 15 EUR |
| 9.5.6. REPO transfers: | | |
| For individuals | 3 LVL | 5 EUR |
| For corporate persons | 5 LVL | 10 EUR |
| 9.5.7. Transfers of securities for transactions of Riga Stock Exchange: | | |
| State promissory notes | 5 LVL | 10 EUR |
| Other promissory notes of Latvian issuers | 8 LVL | 15 EUR |
| Shares | 8 LVL | 15 EUR |
| 9.5.8. Transactions in the initial register | | |
| For individuals | 15 LVL | 30 EUR |
| For corporate persons | 20 LVL | 40 EUR |
| 9.6. Assets management services: | | |
| 9.6.1. Investment portfolios with standard strategy: | | |
| 9.6.1.1. Conservative strategy | | |
| Monthly maintenance charge (% of the initial invested amount p.a.) | 1.2% (min 35 LVL) | 1.2% (min 70 EUR) |
| Annual portfolio performance commission1 | 10% | 10% |
| 9.6.1.2. Global Balanced strategy | | |
| Monthly maintenance charge (% of the initial invested amount p.a.) | 1.2% (min 35 LVL) | 1.2% (min 70 EUR) |
| Annual portfolio performance charge1 | 12% | 12% |
| 9.6.1.3. EM Balanced strategy | | |
| Monthly maintenance charge (% of the initial invested amount p.a.) | 1.2% (min 35 LVL) | 1.2% (min 70 EUR) |
| Annual portfolio performance commission1 | 14% | 14% |
| 9.6.1.4. Global Growth strategy | | |
| Monthly maintenance charge (% of the initial invested amount p.a.) | 1.2% (min 35 LVL) | 1.2% (min 70 EUR) |
| Annual portfolio performance commission1 | 16% | 16% |
| 9.6.1.5. EM Growth strategy | | |
| Monthly maintenance charge (% of the initial invested amount p.a.) | 1.2% (min 35 LVL) | 1.2% (min 70 EUR) |
| Annual portfolio performance commission1 | 18% | 18% |
| 1 Annual portfolio performance commission shall be calculated at the end of the investment period on the return that exceeds that agreed at the beginning of the investment period. Other expenses related to assets management shall be covered in accordance with the Price List or the Bank’s actual costs. | | |
| 9.6.2. Investment portfolios with individual strategy: | | |
| 9.6.2.1. Fixed income instruments: | | |
| Monthly maintenance charge (% of the initial invested amount p.a.) | 1.2% (min 35 LVL) | 1.2% (min 70 EUR) |
| Annual portfolio performance commission1 | 10% | 10% |
| 9.6.2.2. Mixed (fixed income shares and instruments): | | |
| Monthly maintenance charge (% of the initial invested amount p.a.) | 1.2% (min 35 LVL) | 1.2% (min 70 EUR) |
| Annual portfolio performance commission1 | 12% | 12% |
| 9.6.2.3. Shares: | | |
| Monthly maintenance charge (% of the initial invested amount p.a.) | 1.2% (min 35 LVL) | 1.2% (min 70 EUR) |
| Annual portfolio performance commission1 | 14% | 14% |
| 9.6.2.4. Structured instruments: | | |
| Monthly maintenance charge (% of the initial invested amount p.a.) | 1.2% (min 35 LVL) | 1.2% (min 70 EUR) |
| Annual portfolio performance commission1 | 16% | 16% |
| 9.6.2.5. Funds: | | |
| Monthly maintenance charge (% of the initial invested amount p.a.) | 1.2% (min 35 LVL) | 1.2% (min 70 EUR) |
| Annual portfolio performance commission 1 | 10% | 10% |
| 1 Annual portfolio performance commission shall be calculated at the end of the investment period on the return that exceeds that agreed at the beginning of the investment period. Other expenses related to assets management shall be covered in accordance with the tariffs or the Bank’s actual costs. | | |
| 9.7. Currency exchange services1: 9.7.1. Currency is exchanged at the exchange rate set by the Bank for the current date² | | |
| 9.7.2. Requirements for security for transactions with deferred settlement date (tom, spot, forward, swap) and speculative trading transactions | | |
| Main pairs of currencies, the total transactions amount | Security amount of the total transactions amount, % | Maximum term forward | | Initial margin | Maintenance margin | | All mutually related LVL, USD, EUR, GBP, JPY, EEK, LTL, CHF, CAD, NOK, SEK, NZD, AUD | 5% | 3% | 1 year | | EUR/LVL | 5% | 3% | 1 year | | EUR/LTL | 5% | 3% | 1 year | | EUR/EEK | 5% | 3% | 1 year | | EUR/RUB, USD/RUB | 5% | 3% | 1 year | | | |
| 1 These conditions are stated for information only and may be revised without the customer’s preliminary approval. 2 For the amounts exceeding EUR 10,000, special exchange rate may be offered. 9.8. Conditions of financing against pledged financial instruments (Repo)1 | | |
| Issuer | Security type | Security currency | Maturity | Security amount, of the market value | % credit rate (money market + %) | Loan period | | Initial margin | Maintenance margin | | Bank Baltikums | Bonds | EUR | Up to 7 years | 10% | 10% | 2% | < 2 wks | | Parex bank | Bonds | EUR | Up to 7 years | 10% | 10% | 1.5% | < 2 wks | | Shares of Russian companies | | | | | | | | | Gazprom | Shares | USD | | 30% | 25% | 2.5% | < 2 wks | | Nornikel | Shares | USD | | 30% | 25% | 2.5% | < 2 wks | | RAO UES | Shares | USD | | 30% | 25% | 2.5% | < 2 wks | | Rosneft | Shares | USD | | 30% | 25% | 2.5% | < 2 wks | | Rostelecom | Shares | USD | | 30% | 25% | 2.5% | < 2 wks | | Sberbank | Shares | USD | | 30% | 25% | 2.5% | < 2 wks | | Surgutneftegaz | Shares | USD | | 30% | 25% | 2.5% | < 2 wks | | Lukoil | Shares | USD | | 30% | 25% | 2.5% | < 2 wks | | Government bonds | | | | | | | | | Russia | Bonds | USD | Up to 7 years | 20% | 15% | 1.5% | < 2 wks | | Russia | Bonds | USD | 7–15 years | 25% | 20% | 1.5% | < 2 wks | | Ukraine | Bonds | USD | Up to 7 years | 20% | 15% | 1.5% | < 2 wks | | Ukraine | Bonds | USD | 7–15 years | 25% | 20% | 1.5% | < 2 wks | | Kazakhstan | Bonds | USD | Up to 7 years | 20% | 15% | 1.5% | < 2 wks | | Kazakhstan | Bonds | USD | 7–15 years | 25% | 20% | 1.5% | < 2 wks | | Corporate bonds | | | | | | | | | Russia | Bonds | USD/EUR | Up to 7 years | 20% | 15% | 1.5% | < 2 wks | | Russia | Bonds | USD/EUR | 7–15 years | 25% | 20% | 1.5% | < 2 wks | | Ukraine | Bonds | USD/EUR | Up to 7 years | 20% | 15% | 1.5% | < 2 wks | | Ukraine | Bonds | USD/EUR | 7–15 years | 25% | 20% | 1.5% | < 2 wks | | Kazakhstan | Bonds | USD/EUR | Up to 7 years | 20% | 15% | 1.5% | < 2 wks | | Kazakhstan | Bonds | USD/EUR | 7–15 years | 25% | 20% | 1.5% | < 2 wks | | | |
| 1 These conditions are stated for information only and may be revised without the customer's preliminary approval. Expenses for Repo transactions in accordance with the Bank's Price List. 9.9. Prime Brokerage services – information in Bank 9.10. Fiduciary services – information in Bank | | |
