Schedule of Fees

Schedule of Fees

SCHEDULE OF FEES

S. No.

NAME

RATE

BASIS

LEVIED ON

COLLECTION

 

 

 

 

 

WHEN

MODE

1.

Initial Deposit Fee

  1. for Shares
  2. for TFCs*
  3. for WAPDA Bonds **
  4. for Units***
  5. 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

  1. for Shares
  2. for TFCs*
  3. for WAPDA Bonds **
  4. for Units***
  5. for Rights Entitlements (unpaid rights)

 

0.004%
0.004%
0.004%
0.004%
0.004%

(Note 2)
Market value per transaction****
Market value per transaction****
Market value per transaction****
Quoted or offer price per transaction****
Market value per transaction****

Participant/Account Holder

Month end
(calculated on daily basis)

P.O./Draft/Cheque

3.

Custody Fee

  1. for Shares
  2. for TFCs*
  3. for WAPDA Bonds **
  4. for Units***
  5. On Blocked Securities
  6. For Major Shareholders
  7. for Rights Entitlements (unpaid rights)

 

0.010125% p.a.
0.0084375% p.a.
0.0084375% p.a.
0.0084375% p.a.
0.003375% p.a. 0.003375% p.a.
Nil

(Note 3)
Market value
Market value
Market value
Quoted or offer price
Market value
Market value

Participant/Account Holder

Month end
(calculated on daily basis)

P.O./Draft/Cheque

3A.

Rights Subscription Request Fee

Re. 0.0020

(Note 3a)
Per Right Entitlement subscribed

Participant/Account Holder

Month end
(calculated on daily basis)

P.O./Draft/Cheque

4.

CDS Connection Fee

  1. Account Holder/Participant
  2. Additional CDS Connection Fee

 

Rs. 500 p.m.
Rs. 10,000 p.m.

(Note 4)
Fixed monthly per CDS connection
Fixed monthly per CDS additional connection

 

Participant/Account Holder

Monthly in advance

P.O./Draft/Cheque

5.

CDS Connection Fee

  1. Eligible Pledgee

 

Rs. 40,000 p.m.

 

Fixed monthly per CDS connection

 

Eligible Pledgee

 

Monthly in advance

 

P.O./Draft/Cheque

6.

Annual Fee for Eligible Security
Issued Amount (Face Value)

For Listed Securities

-Upto Rs. 50m
-Above Rs. 50m to Rs. 200m
-Above Rs. 200m to Rs. 500m
-Above Rs. 500m to Rs. 1,000m
-Above Rs. 1,000m to Rs. 5,000m
-Above Rs. 5,000m

 

 

Rs. 40,000 p.a.
Rs. 80,000 p.a.
Rs. 160,000 p.a.
Rs. 240,000 p.a.
Rs. 320,000 p.a.
Rs. 400,000 p.a.

Fixed annually per eligible security
(Note 5)

Issuer/Asset Management Companies

Annually in advance

P.O./Draft/Cheque

For Unlisted Shares & Long-term TFCs

-Upto Rs. 50m
-Above Rs. 50m to Rs. 200m
-Above Rs. 200m to Rs. 500m
-Above Rs. 500m to Rs. 1,000m
-Above Rs. 1,000m to Rs. 5,000m

-Above Rs. 5,000m

 

Rs. 25,000 p.a.
Rs. 50,000 p.a.
Rs. 100,000 p.a.
Rs. 150,000 p.a.
Rs. 200,000 p.a.
Rs. 250,000 p.a.

For Unlisted 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

8.

Pledge Call Fee

  1. for Shares
  2. for TFCs*
  3. for WAPDA Bonds **
  4. for Units***
  5. for Rights Entitlements (unpaid rights)

 

0.006%
0.006%
0.006%
0.006%
Nil

 

Market value per transaction****
Market value per transaction****
Market value per transaction****
Quoted or offer price per transaction****

Eligible Pledgor/Pledgee

Month end

P.O./Draft/Cheque

9.

Fresh Issue Fee

  1. for Shares
  2. for Units***
  3. Redeemable Securities
  4. for Rights Entitlements (unpaid rights)

 

0.16%
0.16%
0.08%
Re. 0.005

 

Issue price
Issue price
Issue price
Per Right Entitlement credited
(Note 6)

Issuer/Asset Management Companies

With Application

P.O./Draft/Cheque

9A.

Specie Dividend Processing Fee

0.16%

Market value
(Note 6a)

Issuer

With Application

P.O./Draft/Cheque

10.

Withdrawal Fee

  1. for Shares
  2. for TFCs*
  3. for WAPDA Bonds **
  4. for Units***
  5. 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

0.16%

Market value
(Note 7)

Issuer/Asset Management Companies

Upon Cancellation

P.O./Draft/Cheque

12.

Fee on Consolidation and/or Sub-Division of Securities

0.16%

Market value (Note 8)

Issuer

With application

P.O./Draft/Cheque

13.

Revocation Fee

  1. for Shares
  2. for TFCs*
  3. for WAPDA Bonds **
  4. for Units***
  5. 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. 300 p.a.

Per Sub-Account opened and maintained

Participant

Annually in advance

P.O./Draft/Cheque

18.

Short Messaging Service Fee

Nil

19.

Pledge Creation / Release Fee

  1. for Shares
  2. for TFCs*
  3. for WAPDA Bonds **
  4. for Units***
  5. for Rights Entitlements (unpaid rights)

 

Nil
Nil
Nil
Nil
Nil

 

 

20

Minimum Fee

Rs.50,000 p.a.

Annual billing or the minimum fee, whichever is higher
(Note 12)

Participants/Account Holder

Year End

P.O./Draft/Cheque

SCHEDULE OF DEPOSITS

S. No.

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 Pakistan Stock Exchange Limited 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
****   Closing market value of last trading session of every trading day at the Pakistan Stock Exchange Limited.. Basis for calculating transaction fee for unlisted securities shall be the face value of such securities.

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.
  1. On all Inter-Participant/Account Holder Transactions – Levied on both delivery and receipt. The minimum and maximum fee shall be Rs.5 and Rs.50,000 respectively.
  1. Closing market value of last trading session of every trading day at The Pakistan Stock Exchange Limited. If any security is only listed on the Lahore Stock Exchange Limited and/or on the Islamabad Stock Exchange Limited, then it would be the market value on which exchange the security is listed. 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 every trading day. 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 respect of 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

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 be applicable on conversion of a closed-end fund to an open-ended scheme. In case of Rights Entitlements (unpaid rights), the amount of Fresh Issue Fee shall not exceed rupees one million. In case of bonus issue, fee will be calculated at market price and the maximum fee shall be Rs. 500,000.

6a.  To be levied on the basis of shares distributed by an Issuer to its shareholders by way of dividend in specie pursuant to Chapter 8G of the Central Depository Company of Pakistan Limited Regulations.

  1. To be levied on Transferor Company pursuant to merger and on Transferee Company pursuant to demerger. Also to be levied on cancellation of securities. This fee shall not exceed Rs. 2 million.

8.     To be levied on Issuer consolidating or sub-dividing its securities. This fee shall not exceed Rs. 2 million.

  1. 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.
  1. 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.
  1. Participants/Account Holders will not be required to pay this deposit if admitted as eligible pledgees. This exemption applies to first pledgee account only.
  1. This will be applicable on the differential amount where annual billing is less than Rs.50,000 p.a.

@     Pakistan Stock Exchange Limited and National Clearing Company of Pakistan Limited have been exempted from the requirements of Schedule of Fees & Deposits.

UPDATED: July 2016