SCHEDULE OF FEES
S #	NAME	RATE	BASIS	LEVIED ON	COLLECTION
					WHEN	MODE
1.	Initial Deposit Fee - for Shares - for TFCs* - for WAPDA Bonds ** - for Units*** - for Rights Entitlements (unpaid rights)	Re. 0.01 Nil Nil Re. 0.01 Re. 0.01	(Note 1) Per share deposited - - Per Unit deposited Per Right Entitlement deposited	Participant /Account Holder	Month end	P.O./Draft /Cheque
2.	Transaction Fee - for Shares - for TFCs* - for WAPDA Bonds ** - for Units*** - for Rights Entitlements (unpaid rights)	Re. 0.0020 Re. 0.0020 Re. 0.0020 Re. 0.0020 Re. 0.0020	(Note 2) Per share Per Unit* Per WAPDA Bond** Per Unit*** Per Right Entitlement	Participant /Account Holder	Month end (calculated on daily basis)	P.O./Draft /Cheque
3.	Custody Fee - for Shares - for TFCs* - for WAPDA Bonds ** - for Units*** - On Blocked Securities - For Major Shareholders - for Rights Entitlements (unpaid rights)	0.015% p.a. 0.0125% p.a. 0.0125% p.a. 0.0125% p.a. 0.00675% p.a. 0.00675% p.a. Nil	(Note 3) Market value Market value Market value Quoted or offer price - -	Participant /Account Holder	Month end (calculated on daily basis)	P.O./Draft/ Cheque
3A.	Rights Subscription Request Fee	Re. 0.0020	Per Right Entitlement subscribed (Note 3a)	Participant /Account Holder	Month end (calculated on daily basis)	P.O./Draft /Cheque
4.	CDS Connection Fee - Account Holder/Participant - Eligible Pledgee	Rs. 500 p.m. Rs. 10,000 p.m.	Fixed monthly per CDS connection (Note 4)	CDS Elements	Monthly in advance	P.O./Draft /Cheque
5.	Additional CDS Connection Fee	Rs. 10,000 p.m.	Fixed monthly per CDS additional connection	CDS Elements	Monthly in advance	P.O./Draft /Cheque
6.	Annual Fee for Eligible Security Issued Amount (Face Value) For Shares & Long-term TFCs - Upto Rs. 50m - Above Rs. 50m to Rs. 200m - Above Rs. 200m	Rs. 16,875 p.a. Rs. 33,750 p.a. Rs. 67,500 p.a.	Fixed annually per eligible security   (Note 5)	Issuer/Asset Management Companies	Annually in advance	P.O./Draft /Cheque
	For Short-term TFCs - Upto Rs. 50m - Above Rs. 50m to Rs. 200m - Above Rs. 200m	Rs.  5,000  p.a. Rs.  7,500  p.a. Rs. 12,500 p.a.
	For WAPDA Bonds** - Upto Rs. 50m - Above Rs. 50m to Rs. 200m - Above Rs. 200m	Rs. 18,750 p.a. Rs. 37,500 p.a. Rs. 75,000 p.a.
	Annual Fee on CDS Eligibility of Units of open-end mutual funds	Rs. 67,500 p.a.
	Annual Fee on Rights Entitlements (unpaid rights)	Nil
7.	Redemption Fee	Nil	Units***	–	–	–
8.	Pledge Call Fee - for Shares - for TFCs* - for WAPDA Bonds ** - for Units*** - for Rights Entitlements (unpaid rights)	Re. 0.005 Re. 0.005 Re. 0.005 Re. 0.005 Nil	Per share Per Unit* Per WAPDA Bond** Per Unit***	Eligible Pledgor/Pledgee	Month end	P.O./Draft /Cheque
9.	Fresh Issue Fee - for Shares - for Units*** - for Rights Entitlements (unpaid rights)	Re. 0.01 Re. 0.01 Re. 0.005	Per share Per Unit* credited Per Right Entitlement credited (Note 6)	Issuer/Asset Management Companies	With Application	P.O./Draft /Cheque
10.	Withdrawal Fee - for Shares - for TFCs* - for WAPDA Bonds ** - for Units*** - for Rights Entitlements (unpaid rights)	Re. 0.10 Rs. 50 Rs. 50 Nil Re. 0.10	Per share Per Unit* Per WAPDA Bond** – Per Right Entitlement	Participant/Account Holder	Month end	P.O./Draft Cheque
11.	Cancellation Fee	Re. 0.01	Per Share/TFC/ WAPDA Bond**/Unit*** (Note 7)	Issuer/Asset Management Companies	Upon Cancellation	P.O./Draft /Cheque
12.	Fee on Consolidation and/or Sub-Division of Securities	Re. 0.01	Per share (Note 8)	Issuer	With application	P.O./Draft /Cheque
13.	Revocation Fee - for Shares - for TFCs* - for WAPDA Bonds ** - for Units*** - for Rights Entitlements (unpaid rights)	Re. 0.01 Re. 0.01 Re. 0.01 Re. 0.01 Nil	Per Share/TFC/ WAPDA Bond**/Unit*** (Note 9)	Issuer/Asset Management Companies	Upon Revocation	P.O./Draft /Cheque
14.	Documentation Fee	Rs. 2,500	One time, fixed	Participant/Account- Holder/ Eligible Pledgee	On account opening	P.O./Draft /Cheque
14A.	Processing Fee	Rs. 20,000	One time, fixed	Public (unlisted) and private companies	With application	P.O./Draft /Cheque
15.	Requested Statement Fee/ Statement Verification Fee	Rs. 10	Per page	Participant/Account Holder	With application	Cash/ P. O./Draft
16.	Requested Statement Fee/ Statement Verification Fee	Not exceeding Rs. 100	Per statement (Note 10)	Sub Account Holder	With application	Cash/ P. O./Draft
17.	Sub-Account Opening Fee	Rs. 200 p.a.	Per Sub-Account opened and maintained	Participant	Annually in advance	P.O./Draft /Cheque
18.	Short Messaging Service Fee	Nil	–	–	–	–

SCHEDULE OF DEPOSITS
S #	NAME	RATE	BASIS	COLLECTION
				WHEN	MODE
1.	Security Deposit from Participants/Account Holders	Rs. 100,000	One time, fixed	On signing of agreement	P.O./Draft/Cheque
2.	Security Deposit from Issuers Issued Amount (Face Value) -Upto Rs. 50 million -Above Rs. 50m to Rs. 125m -Above Rs. 125m to Rs. 250m -Above Rs. 250m to Rs. 500m -Above Rs. 500m to Rs. 1000m -Above Rs. 1000m	Rs.   12,500 Rs.   25,000 Rs.   37,500 Rs. 50,000 Rs. 75,000 Rs. 100,000	One time, fixed per eligible security	15 days before the eligibility date	P.O./Draft/Cheque
3.	Security deposit from Asset Management Companies	Rs. 100,000	One time, fixed per eligible security	15 days before the eligibility date	P.O./Draft/Cheque
4.	Security Deposit from Eligible Pledgees	Rs. 100,000	One time, fixed per eligible pledgee (Note 11)	On signing of agreement	P.O./Draft/Cheque

*      One unit of TFC (both long-term and short-term) is equivalent of marketable lot defined by the Karachi Stock Exchange

       (Guarantee) Ltd. which is presently Rs. 5000/-.

**    The denomination of each WAPDA Bond is Rs 5,000 as prescribed by WAPDA.

***   Units of open-end mutual funds

Notes:

1.      To be levied on Participant/Account Holder depositing securities in the CDS. Also to be levied on Offeror of securities pursuant to offer for sale. Initial Deposit Fee owing to any privatization by the Government of Pakistan shall be 50% of applicable fee for Privatization Commission and State Bank of Pakistan.

2.       On all Inter-Participant/Account Holder Transactions - Levied on both delivery and receipt.

3.       Closing market value of last trading session of last trading day of the month at The Karachi Stock Exchange (Guarantee) Limited. Custody fee shall be 0.10% p.a. for Book-entry Securities of all kinds, types and class held in Group Account(s). Basis for calculating custody fee for un-listed securities shall be the face value of such securities. Basis for calculating custody charges shall be the quoted or offer price of units prevailing on last day of the month. Reduced custody fee is charged on Book-entry Securities remain under blocked position in the Accounts and/or Sub-Accounts in the CDS pursuant to the directive of statutory or governmental body or those held by State Bank of Pakistan on behalf of Government of Pakistan. Custody fee shall be waived in full where the Issuer goes under Liquidation (except voluntarily), Receivership or court-appointed Managership or equivalent form of Administration. Custody fee shall be charged at a reduced rate in the following manner to the Book-entry Securities held in the CDS in blocked status pursuant to any statutory or regulatory requirements and to the major shareholders of any Issuer of CDS Eligible Securities holding 10% or more of the issued capital in a single Account or Sub-Account: 

Year	2009-10	2010-11	2011-12	2012-13	2013 onwards
Custody rate	0.00675% p.a.	0.006% p.a.	0.00525% p.a.	0.0045% p.a.	0.00375% p.a.

     3a.  The minimum and maximum fee per Right Subscription Request Transaction shall be Rs. 10 and Rs. 100,000 respectively.

    4.       Issuers will get the first CDS connection free of charge.

5.      Only those TFCs would be considered to be as ‘Short-term’ whose maturity period does not exceed one year. Annual Fee shall be refunded on pro rata basis where CDS Eligibility of a Security is revoked during the year.

6.       To be levied on bonus issue, right issue & new issue (including conversion of securities). Also to be levied on Transferee Company pursuant to merger and on Transferor Company pursuant to demerger. In case of Units, this fee shall only be applicable on freshly issued Units through initial public offering or upon conversion of a close-end fund to an open-ended scheme and not on subsequent issuance of Units. In case of Rights Entitlements (unpaid rights), the amount of Fresh Issue Fee shall not exceed rupees one million.

7.       To be levied on Transferor Company pursuant to merger and on Transferee Company pursuant to demerger. Also to be levied on cancellation of securities.

8.       To be levied on Issuer consolidating or sub-dividing its securities.

9.       To be levied on Issuer upon Revocation of CDS Eligibility of its Securities based on number of Securities of such Issuer held on the CDR at the Relevant Time.

10.   Presently fixed at zero per statement may be varied by the CDC Board from time to time but to a maximum of Rs. 100 per statement.

11.   Participants/Account Holders will not be required to pay this deposit if admitted as eligible pledgees. This exemption applies to first pledgee account only.

@    Karachi, Lahore, Islamabad Stock Exchanges and National Clearing Company of Pakistan Limited have been exempted from the requirements of Schedule of Fees & Deposits.

Updated:  July 2010