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{SCHEDULE OF FEES}   {SCHEDULE OF DEPOSITS}  
{SCHEDULE OF FEES FOR INVESTOR ACCOUNT SERVICES}  
 

SCHEDULE OF FEES

S.
No.

NAME

RATE

BASIS

LEVIED ON

COLLECTION
 

   

WHEN

MODE
1.

Initial Deposit Fee
- for Shares
- for TFCs*
- for WAPDA Bonds **
- for Units ***

Re. 0.01
Nil
Nil
Re. 0.01

 (Note 1)
Per share deposited
-
-
Per Unit deposited		 Participant/Account Holder
Month end
-
-
Month end
P.O./Draft/Cheque
-
-
P.O./Draft/Cheque
2.

Transaction Fee
- for Shares
- for TFCs*
- for WAPDA Bonds **
- for Units ***


Re. 0.0020
Re. 0.0020
Re. 0.0020
Re. 0.0020

 (Note 2)
Per share
Per Unit*
Per WAPDA Bond**
Per Unit***		 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


0.015% p.a.
0.0125% p.a.
0.0125% p.a.
0.0125% p.a.
0.0075% p.a.

 (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
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.
7.

Redemption Fee

Nil

 Units*** - - -
8.

Pledge Call Fee
- for Shares
- for TFCs*
- for WAPDA Bonds **
- for Units ***


Re. 0.005
Re. 0.005
Re. 0.005
Re. 0.005

 Per share
Per Unit*
Per WAPDA Bond**
Per Unit***		 Eligible Pledgor/Pledgee Month end P.O./Draft/Cheque
9.

Fresh Issue Fee

Re. 0.01

 Per Share
(Note 6)		  Issuer/Asset Management Companies With Application P.O./Draft/Cheque
10.

Withdrawal Fee
- for Shares
- for TFCs*
- for WAPDA Bonds **
- for Units ***

Re. 0.10
Rs. 50
Rs. 50
Nil

 Per share
Per Unit*
Per WAPDA Bond**
-		 Participant/Account Holder


-		 Month end


-
P.O./Draft/Cheque


-
11.

Cancellation Fee

Re. 0.01

 Per Share/TFC/ WAPDA Bond**/Per 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

Re. 0.01

 Per Share/TFC/ WAPDA Bond**/Per 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
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. 100 p.a.

 Per Sub-Account opened and maintained Participant Annually in advance 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





(Note 11)		 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 12)		 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.
  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.
  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. Issuers of both long-term and short-term TFCs have been exempted from levy of security deposit. This exemption shall also be applicable for WAPDA Bonds.
  12. 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: JUNE 2008

 
 
SCHEDULE OF FEES FOR INVESTOR ACCOUNT SERVICES

S.
No.

NAME

RATE

BASIS

LEVIED ON

COLLECTION
 

   

WHEN

MODE
1a.

Initial Deposit Fee
- For Share
- For TFCs*
- For WAPDA Bond**
- for Units***


Re. 0.01
Nil
Nil
Re. 0.01
(Note 1)
Per share deposited
-
-
Per Unit deposited		 Investor Account Holder
(Individuals as well as other than Individuals)		 To be collected in advance Cash/P. O./D.D/
Credit Voucher/Cheque
1b.

Securities Deposit Processing Fee

Re. 0.025

 Per share/ unit of TFC/WAPDA Bond/ Unit
(Note 2)		 Investor Account Holder
(Individuals as well as other than Individuals)		 To be collected in advance -do-
2.

Transaction Fee
- For Share
- For TFCs*
- For WAPDA Bond**
- for Units***


Re. 0.0040
Re. 0.0040
Re. 0.0040
Re. 0.0040

 Per share
Per unit of TFC
Per WAPDA Bond/ Unit Delivered-Out		 Investor Account Holder
(Individuals as well as other than Individuals)		 To be collected in advance -do-
3.

Custody Fee
- For Share
- For TFCs*
- For WAPDA Bond**
- for Units***
- On Blocked Securities


0.015% p.a.
0.0125% p.a.
0.0125% p.a.
0.0125% p.a.
0.0075% p.a.
Market value
(Note 3)		 Investor Account Holder
(Individuals as well as other than Individuals)		 To be collected in advance
(calculated on daily basis)		 -do-
4.

Annual Fee
- For Individuals
- For other than Individuals


Rs. 500
Rs. 2,000
Fixed annually
per account		 Investor Account Holder
(Individuals as well as other than Individuals)		 Annually in advance -do-
5.

Redemption Fee
- for Units***


Nil

 -
(Note 4)		 - - -
6.

Withdrawal Fee
- For Share
- For TFCs*
- For WAPDA Bond**
- for Units***


Re. 0.10
Rs. 50
Rs. 50
Nil

 (Note 4)
Per share
Per unit of TFC*
Per WAPDA Bond**
-		 Investor Account Holder
(Individuals as well as other than Individuals)		 To be collected in advance -do-
7.

Short Messaging Service Fee

Rs. 25 p.m.

 Fixed monthly per Investor Account Investor Account Holder
(Individuals as well as other than Individuals)		 To be collected in advance -do-
             

* Unit of TFC as defined by the Karachi Stock Exchange (Guarantee) Limited
** The denomination of each WAPDA Bond is Rs 5,000 as prescribed by WAPDA.
*** Units of open-end mutual funds
Notes:
 

1.

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.

Subject to a minimum charge of Rs. 20 per security. Courier charges shall be recovered from the Investor-Accountholder on actual basis. Securities Deposit Processing Fee owing to any privatization by the Government of Pakistan shall be nil for Privatization Commission and State Bank of Pakistan.

3.

Closing market value of last trading session of last trading day of the month at the Karachi Stock Exchange (Guarantee) Ltd. 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.

4.

Courier charges to be recovered from the Investor-Accountholder on actual basis on Redemption and Withdrawal of Units.


UPDATED: JUNE 2008

 


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