Financial and Stock Market Operation Fees

Custody fees

Custody fee1, 2, 3
0.5 % per annum
Custody fee for clients under management of "Rietumu Asset Management" IPS1, 3, 11
0.2 % per annum
Custody fee for shares of the "Rietumu Asset Management" funds:
   Rietumu Asset Management Fund - Fixed Income Investment Grade USD
0.25 % per annum
   Rietumu Asset Management Fund - Fixed Income High Yield USD
0.25 % per annum
Investment account maintenance fees for clients under management of "Rietumu Asset Management" IPS 4, 5, 6
   up to 1 000 000 USD7
0.5 % per annum
   from 1 000 000 till 3 000 000 USD7
0.4 % per annum
   next 2 000 000 USD7
0.35 % per annum
   next 5 000 000 USD7
0.25 % per annum
   next 10 000 000 USD and more7
0.2 % per annum
External transfers of securities8, 9
0.3 %, min 50 EUR
Transfers of securities within the bank
by agreement
Preparation of non-standard documents on Customer's request
50 EUR per document + all accompanying expenses
Commission fee for instruction on currency exchange at Euroclear7
11.50 EUR
Participation in corporate event
by agreement
Commission for each payment of coupon income and dividends, if client up-to-date tax form W-8BEN, W-8BEN-E is available and the counterparty provide such service for Bank clients7
50 EUR per payment
Submission of documents (certificates, references, etc.) prepared by the client to depositary - when avaliable
100 EUR + VAT + all expenses10
Opening a subaccount with the Bank’s counterparty for safekeeping client’s assets (Nasdaq CSD (Latvia) etc ) - when avaliable
200 EUR
Maintenance fee for subaccount with Euroclear ( per each calendar month )
110 EUR
Each tax related request is reviewed individually
min 150 EUR + VAT
Dispatch of trade confirmations via e-mail or by Fax
Free of Charge
Dispatch of weekly statements via e-mail or by Fax
Free of Charge
Dispatch of statements by mail
mailing expenses

1) Is calculated in euro currency (calculated by act/360 day count) and charged in the currency indicated in investment accounts opening order, excluding metals (commission listed separately), but including equity on RB Trader Station platform

2) Except custody fee for shares of the "Rietumu Asset Management" funds

3) For assets of Russian issuers, that are not traded on the Moscow Stock Exchange and are hold in NSD, the storage fee is calculated on a monthly basis, based on the asset's nominal value and rate of client custody fee, additional is charged 100 rubles per issue. Commission is charged in euro currency.

4) Only for clients who have signed the agreement on the transfer of their assets under management from 05.06.2017 till 24.01.2020

5) Maintenance fee includes Bank's commission for purchase/sale of the financial instruments

6) The maintenance fee is specified and based on the market value of the asset (s) at the time of transfer under management and is changed, in accordance with the scale mentioned above, in the event of a subsequent, additional transfer of the asset (s) under management or withdrawal from it. Maintenance fee iscalculated monthly in euro currency (calculated by act/360 day count) and is based on the portfolio market value (cash balance is included), excluding metals (fees on metals are negotiated separately)

7) Or an equivalent in other currency

8) From asset market value

9) For the securities transfers, that are hold in NSD, minimum commission is 30 EUR per asset / instruction

10) Including the depository commission for the securities transfer between accounts

11) Only for clients who have signed the agreement on the transfer of their assets under management after 24.01.2020

Equities, ETF

Charged from trade amount or per 1 share. In addition can be charged agent's commissions, annual depository fee, shareholder servicing fee, inspection fees, transaction fees (conversion, issuance) etc., including VAT, if is applicable

USA1, if share price is:
   below 1 USD
2 %, min 100 USD
   1.01-3 USD
1 %, min 50 USD
   exceeds 3.01 USD
0.025 USD per share, min 50 USD
Canada
0.025 CAD per share, min 50 CAD
Canada2
0.035 CAD per share, min 50 CAD
Russia3,4
0.25 %, min 50 USD / 4000 RUB
United Kingdom5
0.20 %, min 50 GBP
LSE IOB
0.25 %, min 50 USD
Eurozone (except Greece, Germany)6,7
0.20 %, min 50 EUR
Greece (purchase/sale)8
0.5 % / 1 %, min 75 EUR
Germany (except Xetra Frankfurt )
2 %, min 100 EUR
Xetra Frankfurt
0.20 %, min 50 EUR
Norway
0.25 %, min 400 NOK
Poland
0.25 %, min 250 PLN
Denmark
0.20 %, min 250 DKK (charged in euro currency)
Switzerland
0.2 %, min 50 CHF
Sweden
0.20 %, min 500 SEK
Australia
0.25 %, min 50 AUD (charged in euro currency)
Japan
0.25 %, min 7000 JPY
Hong Kong9
0.50 %, min 400 HKD (charged in euro currency)
Singapore
0.40 %, min 70 SGD (charged in euro currency)
Equities denominated in other currency
by agreement

1) The bank does not guarantee trade execution of OTC US stocks - trading is done on individual request basis only; Hard-to-Borrow fee may apply to short selling.

2) In the absence of DMA

3) Sales or purchase might carry re-registration duty, amount of which is subject to specific equities, as well as other duties; Assets contribution/withdrawal in Russian depositaries is 25 EUR per transaction.

4) An additional fee for credit and withdrawal of funds while trading on Moscow Exchange is charged in RUB ( 31 USD and 41 USD equivalent respectively)

5) In addition stamp duty (0.5% of deal’s volume) and PMT Levy (1GBP per transaction) are collected

6) The purchase of shares of French companies with market capitalization >=1 billion EUR and of Italian with market capitalization > 500 million EUR is applicable to Financial Tax that equals to 0.3% of the deal’s volume for French and 0.12% for Italian companies

7) For purchases of shares of the Irish companies stamp duty (1% of deal’s volume) is additionally charged

8) In addition, Sales Tax of 0.20% is collected for each executed sell order on the Athens Stock Exchange

9) In addition stamp duty (0.1% of deal’s volume) is collected

Bonds

Government in EUR or USD
0.10 %, min 50 EUR / USD
Corporate in EUR or USD
0.15 %, min 50 EUR / USD
Bonds of Rietumu Banka
to be agreed
Bonds denominated in other currency1
to be agreed

1) An additional fee for credit and withdrawal of funds while trading on Moscow Exchange is charged in RUB ( 31 USD and 41 USD equivalent respectively)

Derivatives

Stock options

USA(OCC/CBOE/CME/CBOT)1
3.5 USD, min 35 USD
United Kingdom(Euronext)1
4 GBP, min 35 GBP
EU countries(EUREX/Euronext)1
4 EUR, min 35 EUR
Switzerland(EUREX)1
4 CHF, min 35 CHF

Futures and futures options

Russia2
6.5 RUB + Exchange commissions
USA, Eurozone, UK, Switzerland, if monthly turnover3:
   Up to 100 contracts
19 units in the contract currency / per side
   from 101 to 500 contracts
15 units in the contract currency / per side
   from 501 contracts
11 units in the contract currency / per side
Forward contracts on LME
25 USD per contract/per side
OTC instruments on oil products
0,5 USD / t

1) For options assignments and exercises will be charged standard commissions and taxes as for equity operations

2) An additional fee for credit and withdrawal of funds while trading on Moscow Exchange is charged in RUB ( 31 USD and 41 USD equivalent respectively); options exercise/expiration - 1 RUB per contract

3) Full contract round, commission scale is assigned for the following month according to the results of the current month

Metals

XAU, XAG, XPT transactions (Troy Ounces of gold, silver, platinum)1

Purchase/sale (% from trade amount)
1 %
Minimum transaction volume (troy ounces of gold, platinum)
100
Minimum transaction volume (troy ounces of silver)
5000
Custody fee for gold (% per annum)2
0.5
Custody fee for platinum (% per annum)2
0.8
Custody fee for silver (% per annum)2
1

1) Service availability upon request

2) Is calculated monthly in euro currency (calculated by act/360 day count) based on the market value and charged in the currency indicated in investment accounts opening order

Investment fund shares

Third party funds shares

- Excluding shares of funds of AS "Rietumu Asset Management"IPS

- Charged in currency of the transaction

- In addition to the client commission the Bank may receive inducements from third parties within the individual agreements.

Purchase
1.5 %, min 500 EUR
Sale
1 %, min 500 EUR

Electronic trading platforms

QUIK trading platform1

- Direct access to trading futures and futures options on Moscow Exchange

- Minimum deposit for platform application 10000 EUR (or equivalent in RUB)

Commission per contract/side
6.5 RUB + stock exchange duties
Order placed by phone
+ 50 EUR
Credit of funds at platform
25 EUR ( charged in RUB )
Withdrawal of funds or assets from the platform
25 EUR (charged in RUB)
Options exercise
1 RUB per contrаct
Stocks and bonds
0,25 %

1) Service availability upon request

Rietumu FX trading platform

- Direct access to trading currencies, metals, energies and contracts for difference (CFD). Commission varies depending on selected commission plan. Rietumu FX Trade conditions (www.rietumu.com/en/person/trading/currency/currency-terms)

- Minimum deposit for platform application 1000 EUR

Commission plan FX Gold

Tight floating spreads, commission trading with:
сurrencies
0,025 %
metals and energies
0.05 %

Commission plan FX Silver

Wider spreads and zero fee per trade
Order placed by phone
+ 50 EUR
Rollovers if applicable are done at Rietumu bank’s prices

RB Trader Station

- Minimum deposit for platform application 5000 EUR

Financial instruments trading fees (www.rietumu.lv/documents/english/tarifi_tws.pdf)
Order placed by phone
+ 50 EUR

Custody fees

Custody fee1, 2, 3
0.5 % per annum
Custody fee for clients under management of "Rietumu Asset Management" IPS1, 3, 11
0.2 % per annum
Custody fee for shares of the "Rietumu Asset Management" funds:
   Rietumu Asset Management Fund - Fixed Income Investment Grade USD
0.25 % per annum
   Rietumu Asset Management Fund - Fixed Income High Yield USD
0.25 % per annum
Investment account maintenance fees for clients under management of "Rietumu Asset Management" IPS 4, 5, 6
   up to 1 000 000 USD7
0.5 % per annum
   from 1 000 000 till 3 000 000 USD7
0.4 % per annum
   next 2 000 000 USD7
0.35 % per annum
   next 5 000 000 USD7
0.25 % per annum
   next 10 000 000 USD and more7
0.2 % per annum
External transfers of securities8, 9
0.3 %, min 50 EUR
Transfers of securities within the bank
by agreement
Preparation of non-standard documents on Customer's request
50 EUR per document + all accompanying expenses
Commission fee for instruction on currency exchange at Euroclear7
11.50 EUR
Participation in corporate event
by agreement
Commission for each payment of coupon income and dividends, if client up-to-date tax form W-8BEN, W-8BEN-E is available and the counterparty provide such service for Bank clients7
50 EUR per payment
Submission of documents (certificates, references, etc.) prepared by the client to depositary - when avaliable
100 EUR + VAT + all expenses10
Opening a subaccount with the Bank’s counterparty for safekeeping client’s assets (Nasdaq CSD (Latvia) etc ) - when avaliable
200 EUR
Maintenance fee for subaccount with Euroclear ( per each calendar month )
110 EUR
Each tax related request is reviewed individually
min 150 EUR + VAT
Dispatch of trade confirmations via e-mail or by Fax
Free of Charge
Dispatch of weekly statements via e-mail or by Fax
Free of Charge
Dispatch of statements by mail
mailing expenses

1) Is calculated in euro currency (calculated by act/360 day count) and charged in the currency indicated in investment accounts opening order, excluding metals (commission listed separately), but including equity on RB Trader Station platform

2) Except custody fee for shares of the "Rietumu Asset Management" funds

3) For assets of Russian issuers, that are not traded on the Moscow Stock Exchange and are hold in NSD, the storage fee is calculated on a monthly basis, based on the asset's nominal value and rate of client custody fee, additional is charged 100 rubles per issue. Commission is charged in euro currency.

4) Only for clients who have signed the agreement on the transfer of their assets under management from 05.06.2017 till 24.01.2020

5) Maintenance fee includes Bank's commission for purchase/sale of the financial instruments

6) The maintenance fee is specified and based on the market value of the asset (s) at the time of transfer under management and is changed, in accordance with the scale mentioned above, in the event of a subsequent, additional transfer of the asset (s) under management or withdrawal from it. Maintenance fee iscalculated monthly in euro currency (calculated by act/360 day count) and is based on the portfolio market value (cash balance is included), excluding metals (fees on metals are negotiated separately)

7) Or an equivalent in other currency

8) From asset market value

9) For the securities transfers, that are hold in NSD, minimum commission is 30 EUR per asset / instruction

10) Including the depository commission for the securities transfer between accounts

11) Only for clients who have signed the agreement on the transfer of their assets under management after 24.01.2020

Equities, ETF

Charged from trade amount or per 1 share. In addition can be charged agent's commissions, annual depository fee, shareholder servicing fee, inspection fees, transaction fees (conversion, issuance) etc., including VAT, if is applicable

USA1, if share price is:
   below 1 USD
2 %, min 100 USD
   1.01-3 USD
1 %, min 50 USD
   exceeds 3.01 USD
0.025 USD per share, min 50 USD
Canada
0.025 CAD per share, min 50 CAD
Canada2
0.035 CAD per share, min 50 CAD
Russia3,4
0.25 %, min 50 USD / 4000 RUB
United Kingdom5
0.20 %, min 50 GBP
LSE IOB
0.25 %, min 50 USD
Eurozone (except Greece, Germany)6,7
0.20 %, min 50 EUR
Greece (purchase/sale)8
0.5 % / 1 %, min 75 EUR
Germany (except Xetra Frankfurt )
2 %, min 100 EUR
Xetra Frankfurt
0.20 %, min 50 EUR
Norway
0.25 %, min 400 NOK
Poland
0.25 %, min 250 PLN
Denmark
0.20 %, min 250 DKK (charged in euro currency)
Switzerland
0.2 %, min 50 CHF
Sweden
0.20 %, min 500 SEK
Australia
0.25 %, min 50 AUD (charged in euro currency)
Japan
0.25 %, min 7000 JPY
Hong Kong9
0.50 %, min 400 HKD (charged in euro currency)
Singapore
0.40 %, min 70 SGD (charged in euro currency)
Equities denominated in other currency
by agreement

1) The bank does not guarantee trade execution of OTC US stocks - trading is done on individual request basis only; Hard-to-Borrow fee may apply to short selling.

2) In the absence of DMA

3) Sales or purchase might carry re-registration duty, amount of which is subject to specific equities, as well as other duties; Assets contribution/withdrawal in Russian depositaries is 25 EUR per transaction.

4) An additional fee for credit and withdrawal of funds while trading on Moscow Exchange is charged in RUB ( 31 USD and 41 USD equivalent respectively)

5) In addition stamp duty (0.5% of deal’s volume) and PMT Levy (1GBP per transaction) are collected

6) The purchase of shares of French companies with market capitalization >=1 billion EUR and of Italian with market capitalization > 500 million EUR is applicable to Financial Tax that equals to 0.3% of the deal’s volume for French and 0.12% for Italian companies

7) For purchases of shares of the Irish companies stamp duty (1% of deal’s volume) is additionally charged

8) In addition, Sales Tax of 0.20% is collected for each executed sell order on the Athens Stock Exchange

9) In addition stamp duty (0.1% of deal’s volume) is collected

Bonds

Government in EUR or USD
0.10 %, min 50 EUR / USD
Corporate in EUR or USD
0.15 %, min 50 EUR / USD
Bonds of Rietumu Banka
to be agreed
Bonds denominated in other currency1
to be agreed

1) An additional fee for credit and withdrawal of funds while trading on Moscow Exchange is charged in RUB ( 31 USD and 41 USD equivalent respectively)

Derivatives

Stock options

USA(OCC/CBOE/CME/CBOT)1
3.5 USD, min 35 USD
United Kingdom(Euronext)1
4 GBP, min 35 GBP
EU countries(EUREX/Euronext)1
4 EUR, min 35 EUR
Switzerland(EUREX)1
4 CHF, min 35 CHF

Futures and futures options

Russia2
6.5 RUB + Exchange commissions
USA, Eurozone, UK, Switzerland, if monthly turnover3:
   Up to 100 contracts
19 units in the contract currency / per side
   from 101 to 500 contracts
15 units in the contract currency / per side
   from 501 contracts
11 units in the contract currency / per side
Forward contracts on LME
25 USD per contract/per side
OTC instruments on oil products
0,5 USD / t

1) For options assignments and exercises will be charged standard commissions and taxes as for equity operations

2) An additional fee for credit and withdrawal of funds while trading on Moscow Exchange is charged in RUB ( 31 USD and 41 USD equivalent respectively); options exercise/expiration - 1 RUB per contract

3) Full contract round, commission scale is assigned for the following month according to the results of the current month

Metals

XAU, XAG, XPT transactions (Troy Ounces of gold, silver, platinum)1

Purchase/sale (% from trade amount)
1 %
Minimum transaction volume (troy ounces of gold, platinum)
100
Minimum transaction volume (troy ounces of silver)
5000
Custody fee for gold (% per annum)2
0.5
Custody fee for platinum (% per annum)2
0.8
Custody fee for silver (% per annum)2
1

1) Service availability upon request

2) Is calculated monthly in euro currency (calculated by act/360 day count) based on the market value and charged in the currency indicated in investment accounts opening order

Investment fund shares

Third party funds shares

- Excluding shares of funds of AS "Rietumu Asset Management"IPS

- Charged in currency of the transaction

- In addition to the client commission the Bank may receive inducements from third parties within the individual agreements.

Purchase
1.5 %, min 500 EUR
Sale
1 %, min 500 EUR

Electronic trading platforms

QUIK trading platform1

- Direct access to trading futures and futures options on Moscow Exchange

- Minimum deposit for platform application 10000 EUR (or equivalent in RUB)

Commission per contract/side
6.5 RUB + stock exchange duties
Order placed by phone
+ 50 EUR
Credit of funds at platform
25 EUR ( charged in RUB )
Withdrawal of funds or assets from the platform
25 EUR (charged in RUB)
Options exercise
1 RUB per contrаct
Stocks and bonds
0,25 %

1) Service availability upon request

Rietumu FX trading platform

- Direct access to trading currencies, metals, energies and contracts for difference (CFD). Commission varies depending on selected commission plan. Rietumu FX Trade conditions (www.rietumu.com/en/person/trading/currency/currency-terms)

- Minimum deposit for platform application 1000 EUR

Commission plan FX Gold

Tight floating spreads, commission trading with:
сurrencies
0,025 %
metals and energies
0.05 %

Commission plan FX Silver

Wider spreads and zero fee per trade
Order placed by phone
+ 50 EUR
Rollovers if applicable are done at Rietumu bank’s prices

RB Trader Station

- Minimum deposit for platform application 5000 EUR

Financial instruments trading fees (www.rietumu.lv/documents/english/tarifi_tws.pdf)
Order placed by phone
+ 50 EUR

Custody fees

Custody fee1, 2, 3
0.5 % per annum
Custody fee for clients under management of "Rietumu Asset Management" IPS1, 3, 11
0.2 % per annum
Custody fee for shares of the "Rietumu Asset Management" funds:
   Rietumu Asset Management Fund - Fixed Income Investment Grade USD
0.25 % per annum
   Rietumu Asset Management Fund - Fixed Income High Yield USD
0.25 % per annum
Investment account maintenance fees for clients under management of "Rietumu Asset Management" IPS 4, 5, 6
   up to 1 000 000 USD7
0.5 % per annum
   from 1 000 000 till 3 000 000 USD7
0.4 % per annum
   next 2 000 000 USD7
0.35 % per annum
   next 5 000 000 USD7
0.25 % per annum
   next 10 000 000 USD and more7
0.2 % per annum
External transfers of securities8, 9
0.3 %, min 50 EUR
Transfers of securities within the bank
by agreement
Preparation of non-standard documents on Customer's request
50 EUR per document + all accompanying expenses
Commission fee for instruction on currency exchange at Euroclear7
11.50 EUR
Participation in corporate event
by agreement
Commission for each payment of coupon income and dividends, if client up-to-date tax form W-8BEN, W-8BEN-E is available and the counterparty provide such service for Bank clients7
50 EUR per payment
Submission of documents (certificates, references, etc.) prepared by the client to depositary - when avaliable
100 EUR + VAT + all expenses10
Opening a subaccount with the Bank’s counterparty for safekeeping client’s assets (Nasdaq CSD (Latvia) etc ) - when avaliable
200 EUR
Maintenance fee for subaccount with Euroclear ( per each calendar month )
110 EUR
Each tax related request is reviewed individually
min 150 EUR + VAT
Dispatch of trade confirmations via e-mail or by Fax
Free of Charge
Dispatch of weekly statements via e-mail or by Fax
Free of Charge
Dispatch of statements by mail
mailing expenses

1) Is calculated in euro currency (calculated by act/360 day count) and charged in the currency indicated in investment accounts opening order, excluding metals (commission listed separately), but including equity on RB Trader Station platform

2) Except custody fee for shares of the "Rietumu Asset Management" funds

3) For assets of Russian issuers, that are not traded on the Moscow Stock Exchange and are hold in NSD, the storage fee is calculated on a monthly basis, based on the asset's nominal value and rate of client custody fee, additional is charged 100 rubles per issue. Commission is charged in euro currency.

4) Only for clients who have signed the agreement on the transfer of their assets under management from 05.06.2017 till 24.01.2020

5) Maintenance fee includes Bank's commission for purchase/sale of the financial instruments

6) The maintenance fee is specified and based on the market value of the asset (s) at the time of transfer under management and is changed, in accordance with the scale mentioned above, in the event of a subsequent, additional transfer of the asset (s) under management or withdrawal from it. Maintenance fee iscalculated monthly in euro currency (calculated by act/360 day count) and is based on the portfolio market value (cash balance is included), excluding metals (fees on metals are negotiated separately)

7) Or an equivalent in other currency

8) From asset market value

9) For the securities transfers, that are hold in NSD, minimum commission is 30 EUR per asset / instruction

10) Including the depository commission for the securities transfer between accounts

11) Only for clients who have signed the agreement on the transfer of their assets under management after 24.01.2020

Equities, ETF

Charged from trade amount or per 1 share. In addition can be charged agent's commissions, annual depository fee, shareholder servicing fee, inspection fees, transaction fees (conversion, issuance) etc., including VAT, if is applicable

USA1, if share price is:
   below 1 USD
2 %, min 100 USD
   1.01-3 USD
1 %, min 50 USD
   exceeds 3.01 USD
0.025 USD per share, min 50 USD
Canada
0.025 CAD per share, min 50 CAD
Canada2
0.035 CAD per share, min 50 CAD
Russia3,4
0.25 %, min 50 USD / 4000 RUB
United Kingdom5
0.20 %, min 50 GBP
LSE IOB
0.25 %, min 50 USD
Eurozone (except Greece, Germany)6,7
0.20 %, min 50 EUR
Greece (purchase/sale)8
0.5 % / 1 %, min 75 EUR
Germany (except Xetra Frankfurt )
2 %, min 100 EUR
Xetra Frankfurt
0.20 %, min 50 EUR
Norway
0.25 %, min 400 NOK
Poland
0.25 %, min 250 PLN
Denmark
0.20 %, min 250 DKK (charged in euro currency)
Switzerland
0.2 %, min 50 CHF
Sweden
0.20 %, min 500 SEK
Australia
0.25 %, min 50 AUD (charged in euro currency)
Japan
0.25 %, min 7000 JPY
Hong Kong9
0.50 %, min 400 HKD (charged in euro currency)
Singapore
0.40 %, min 70 SGD (charged in euro currency)
Equities denominated in other currency
by agreement

1) The bank does not guarantee trade execution of OTC US stocks - trading is done on individual request basis only; Hard-to-Borrow fee may apply to short selling.

2) In the absence of DMA

3) Sales or purchase might carry re-registration duty, amount of which is subject to specific equities, as well as other duties; Assets contribution/withdrawal in Russian depositaries is 25 EUR per transaction.

4) An additional fee for credit and withdrawal of funds while trading on Moscow Exchange is charged in RUB ( 31 USD and 41 USD equivalent respectively)

5) In addition stamp duty (0.5% of deal’s volume) and PMT Levy (1GBP per transaction) are collected

6) The purchase of shares of French companies with market capitalization >=1 billion EUR and of Italian with market capitalization > 500 million EUR is applicable to Financial Tax that equals to 0.3% of the deal’s volume for French and 0.12% for Italian companies

7) For purchases of shares of the Irish companies stamp duty (1% of deal’s volume) is additionally charged

8) In addition, Sales Tax of 0.20% is collected for each executed sell order on the Athens Stock Exchange

9) In addition stamp duty (0.1% of deal’s volume) is collected

Bonds

Government in EUR or USD
0.10 %, min 50 EUR / USD
Corporate in EUR or USD
0.15 %, min 50 EUR / USD
Bonds of Rietumu Banka
to be agreed
Bonds denominated in other currency1
to be agreed

1) An additional fee for credit and withdrawal of funds while trading on Moscow Exchange is charged in RUB ( 31 USD and 41 USD equivalent respectively)

Derivatives

Stock options

USA(OCC/CBOE/CME/CBOT)1
3.5 USD, min 35 USD
United Kingdom(Euronext)1
4 GBP, min 35 GBP
EU countries(EUREX/Euronext)1
4 EUR, min 35 EUR
Switzerland(EUREX)1
4 CHF, min 35 CHF

Futures and futures options

Russia2
6.5 RUB + Exchange commissions
USA, Eurozone, UK, Switzerland, if monthly turnover3:
   Up to 100 contracts
19 units in the contract currency / per side
   from 101 to 500 contracts
15 units in the contract currency / per side
   from 501 contracts
11 units in the contract currency / per side
Forward contracts on LME
25 USD per contract/per side
OTC instruments on oil products
0,5 USD / t

1) For options assignments and exercises will be charged standard commissions and taxes as for equity operations

2) An additional fee for credit and withdrawal of funds while trading on Moscow Exchange is charged in RUB ( 31 USD and 41 USD equivalent respectively); options exercise/expiration - 1 RUB per contract

3) Full contract round, commission scale is assigned for the following month according to the results of the current month

Metals

XAU, XAG, XPT transactions (Troy Ounces of gold, silver, platinum)1

Purchase/sale (% from trade amount)
1 %
Minimum transaction volume (troy ounces of gold, platinum)
100
Minimum transaction volume (troy ounces of silver)
5000
Custody fee for gold (% per annum)2
0.5
Custody fee for platinum (% per annum)2
0.8
Custody fee for silver (% per annum)2
1

1) Service availability upon request

2) Is calculated monthly in euro currency (calculated by act/360 day count) based on the market value and charged in the currency indicated in investment accounts opening order

Investment fund shares

Third party funds shares

- Excluding shares of funds of AS "Rietumu Asset Management"IPS

- Charged in currency of the transaction

- In addition to the client commission the Bank may receive inducements from third parties within the individual agreements.

Purchase
1.5 %, min 500 EUR
Sale
1 %, min 500 EUR

Electronic trading platforms

QUIK trading platform1

- Direct access to trading futures and futures options on Moscow Exchange

- Minimum deposit for platform application 10000 EUR (or equivalent in RUB)

Commission per contract/side
6.5 RUB + stock exchange duties
Order placed by phone
+ 50 EUR
Credit of funds at platform
25 EUR ( charged in RUB )
Withdrawal of funds or assets from the platform
25 EUR (charged in RUB)
Options exercise
1 RUB per contrаct
Stocks and bonds
0,25 %

1) Service availability upon request

Rietumu FX trading platform

- Direct access to trading currencies, metals, energies and contracts for difference (CFD). Commission varies depending on selected commission plan. Rietumu FX Trade conditions (www.rietumu.com/en/person/trading/currency/currency-terms)

- Minimum deposit for platform application 1000 EUR

Commission plan FX Gold

Tight floating spreads, commission trading with:
сurrencies
0,025 %
metals and energies
0.05 %

Commission plan FX Silver

Wider spreads and zero fee per trade
Order placed by phone
+ 50 EUR
Rollovers if applicable are done at Rietumu bank’s prices

RB Trader Station

- Minimum deposit for platform application 5000 EUR

Financial instruments trading fees (www.rietumu.lv/documents/english/tarifi_tws.pdf)
Order placed by phone
+ 50 EUR

Custody fees

Custody fee1, 2, 3
0.5 % per annum
Custody fee for clients under management of "Rietumu Asset Management" IPS1, 3, 11
0.2 % per annum
Custody fee for shares of the "Rietumu Asset Management" funds:
   Rietumu Asset Management Fund - Fixed Income Investment Grade USD
0.25 % per annum
   Rietumu Asset Management Fund - Fixed Income High Yield USD
0.25 % per annum
Investment account maintenance fees for clients under management of "Rietumu Asset Management" IPS 4, 5, 6
   up to 1 000 000 USD7
0.5 % per annum
   from 1 000 000 till 3 000 000 USD7
0.4 % per annum
   next 2 000 000 USD7
0.35 % per annum
   next 5 000 000 USD7
0.25 % per annum
   next 10 000 000 USD and more7
0.2 % per annum
External transfers of securities8, 9
0.3 %, min 50 EUR
Transfers of securities within the bank
by agreement
Preparation of non-standard documents on Customer's request
50 EUR per document + all accompanying expenses
Commission fee for instruction on currency exchange at Euroclear7
11.50 EUR
Participation in corporate event
by agreement
Commission for each payment of coupon income and dividends, if client up-to-date tax form W-8BEN, W-8BEN-E is available and the counterparty provide such service for Bank clients7
50 EUR per payment
Submission of documents (certificates, references, etc.) prepared by the client to depositary - when avaliable
100 EUR + VAT + all expenses10
Opening a subaccount with the Bank’s counterparty for safekeeping client’s assets (Nasdaq CSD (Latvia) etc ) - when avaliable
200 EUR
Maintenance fee for subaccount with Euroclear ( per each calendar month )
110 EUR
Each tax related request is reviewed individually
min 150 EUR + VAT
Dispatch of trade confirmations via e-mail or by Fax
Free of Charge
Dispatch of weekly statements via e-mail or by Fax
Free of Charge
Dispatch of statements by mail
mailing expenses

1) Is calculated in euro currency (calculated by act/360 day count) and charged in the currency indicated in investment accounts opening order, excluding metals (commission listed separately), but including equity on RB Trader Station platform

2) Except custody fee for shares of the "Rietumu Asset Management" funds

3) For assets of Russian issuers, that are not traded on the Moscow Stock Exchange and are hold in NSD, the storage fee is calculated on a monthly basis, based on the asset's nominal value and rate of client custody fee, additional is charged 100 rubles per issue. Commission is charged in euro currency.

4) Only for clients who have signed the agreement on the transfer of their assets under management from 05.06.2017 till 24.01.2020

5) Maintenance fee includes Bank's commission for purchase/sale of the financial instruments

6) The maintenance fee is specified and based on the market value of the asset (s) at the time of transfer under management and is changed, in accordance with the scale mentioned above, in the event of a subsequent, additional transfer of the asset (s) under management or withdrawal from it. Maintenance fee iscalculated monthly in euro currency (calculated by act/360 day count) and is based on the portfolio market value (cash balance is included), excluding metals (fees on metals are negotiated separately)

7) Or an equivalent in other currency

8) From asset market value

9) For the securities transfers, that are hold in NSD, minimum commission is 30 EUR per asset / instruction

10) Including the depository commission for the securities transfer between accounts

11) Only for clients who have signed the agreement on the transfer of their assets under management after 24.01.2020

Equities, ETF

Charged from trade amount or per 1 share. In addition can be charged agent's commissions, annual depository fee, shareholder servicing fee, inspection fees, transaction fees (conversion, issuance) etc., including VAT, if is applicable

USA1, if share price is:
   below 1 USD
2 %, min 100 USD
   1.01-3 USD
1 %, min 50 USD
   exceeds 3.01 USD
0.025 USD per share, min 50 USD
Canada
0.025 CAD per share, min 50 CAD
Canada2
0.035 CAD per share, min 50 CAD
Russia3,4
0.25 %, min 50 USD / 4000 RUB
United Kingdom5
0.20 %, min 50 GBP
LSE IOB
0.25 %, min 50 USD
Eurozone (except Greece, Germany)6,7
0.20 %, min 50 EUR
Greece (purchase/sale)8
0.5 % / 1 %, min 75 EUR
Germany (except Xetra Frankfurt )
2 %, min 100 EUR
Xetra Frankfurt
0.20 %, min 50 EUR
Norway
0.25 %, min 400 NOK
Poland
0.25 %, min 250 PLN
Denmark
0.20 %, min 250 DKK (charged in euro currency)
Switzerland
0.2 %, min 50 CHF
Sweden
0.20 %, min 500 SEK
Australia
0.25 %, min 50 AUD (charged in euro currency)
Japan
0.25 %, min 7000 JPY
Hong Kong9
0.50 %, min 400 HKD (charged in euro currency)
Singapore
0.40 %, min 70 SGD (charged in euro currency)
Equities denominated in other currency
by agreement

1) The bank does not guarantee trade execution of OTC US stocks - trading is done on individual request basis only; Hard-to-Borrow fee may apply to short selling.

2) In the absence of DMA

3) Sales or purchase might carry re-registration duty, amount of which is subject to specific equities, as well as other duties; Assets contribution/withdrawal in Russian depositaries is 25 EUR per transaction.

4) An additional fee for credit and withdrawal of funds while trading on Moscow Exchange is charged in RUB ( 31 USD and 41 USD equivalent respectively)

5) In addition stamp duty (0.5% of deal’s volume) and PMT Levy (1GBP per transaction) are collected

6) The purchase of shares of French companies with market capitalization >=1 billion EUR and of Italian with market capitalization > 500 million EUR is applicable to Financial Tax that equals to 0.3% of the deal’s volume for French and 0.12% for Italian companies

7) For purchases of shares of the Irish companies stamp duty (1% of deal’s volume) is additionally charged

8) In addition, Sales Tax of 0.20% is collected for each executed sell order on the Athens Stock Exchange

9) In addition stamp duty (0.1% of deal’s volume) is collected

Bonds

Government in EUR or USD
0.10 %, min 50 EUR / USD
Corporate in EUR or USD
0.15 %, min 50 EUR / USD
Bonds of Rietumu Banka
to be agreed
Bonds denominated in other currency1
to be agreed

1) An additional fee for credit and withdrawal of funds while trading on Moscow Exchange is charged in RUB ( 31 USD and 41 USD equivalent respectively)

Derivatives

Stock options

USA(OCC/CBOE/CME/CBOT)1
3.5 USD, min 35 USD
United Kingdom(Euronext)1
4 GBP, min 35 GBP
EU countries(EUREX/Euronext)1
4 EUR, min 35 EUR
Switzerland(EUREX)1
4 CHF, min 35 CHF

Futures and futures options

Russia2
6.5 RUB + Exchange commissions
USA, Eurozone, UK, Switzerland, if monthly turnover3:
   Up to 100 contracts
19 units in the contract currency / per side
   from 101 to 500 contracts
15 units in the contract currency / per side
   from 501 contracts
11 units in the contract currency / per side
Forward contracts on LME
25 USD per contract/per side
OTC instruments on oil products
0,5 USD / t

1) For options assignments and exercises will be charged standard commissions and taxes as for equity operations

2) An additional fee for credit and withdrawal of funds while trading on Moscow Exchange is charged in RUB ( 31 USD and 41 USD equivalent respectively); options exercise/expiration - 1 RUB per contract

3) Full contract round, commission scale is assigned for the following month according to the results of the current month

Metals

XAU, XAG, XPT transactions (Troy Ounces of gold, silver, platinum)1

Purchase/sale (% from trade amount)
1 %
Minimum transaction volume (troy ounces of gold, platinum)
100
Minimum transaction volume (troy ounces of silver)
5000
Custody fee for gold (% per annum)2
0.5
Custody fee for platinum (% per annum)2
0.8
Custody fee for silver (% per annum)2
1

1) Service availability upon request

2) Is calculated monthly in euro currency (calculated by act/360 day count) based on the market value and charged in the currency indicated in investment accounts opening order

Investment fund shares

Third party funds shares

- Excluding shares of funds of AS "Rietumu Asset Management"IPS

- Charged in currency of the transaction

- In addition to the client commission the Bank may receive inducements from third parties within the individual agreements.

Purchase
1.5 %, min 500 EUR
Sale
1 %, min 500 EUR

Electronic trading platforms

QUIK trading platform1

- Direct access to trading futures and futures options on Moscow Exchange

- Minimum deposit for platform application 10000 EUR (or equivalent in RUB)

Commission per contract/side
6.5 RUB + stock exchange duties
Order placed by phone
+ 50 EUR
Credit of funds at platform
25 EUR ( charged in RUB )
Withdrawal of funds or assets from the platform
25 EUR (charged in RUB)
Options exercise
1 RUB per contrаct
Stocks and bonds
0,25 %

1) Service availability upon request

Rietumu FX trading platform

- Direct access to trading currencies, metals, energies and contracts for difference (CFD). Commission varies depending on selected commission plan. Rietumu FX Trade conditions (www.rietumu.com/en/person/trading/currency/currency-terms)

- Minimum deposit for platform application 1000 EUR

Commission plan FX Gold

Tight floating spreads, commission trading with:
сurrencies
0,025 %
metals and energies
0.05 %

Commission plan FX Silver

Wider spreads and zero fee per trade
Order placed by phone
+ 50 EUR
Rollovers if applicable are done at Rietumu bank’s prices

RB Trader Station

- Minimum deposit for platform application 5000 EUR

Financial instruments trading fees (www.rietumu.lv/documents/english/tarifi_tws.pdf)
Order placed by phone
+ 50 EUR