SERVICES

PRICE IN BGN

EXPLANATORY NOTES

 

І. Mandatory payments paid by Central Depository Members

 

 

1.

Affiliation fee for membership:

 

The fee is paid in the year of accession to membership and annual payment will not be charged for this year. The fee is paid in full amount regardless of the date of accession to membership.

1.1

For Commercial Banks

1 000,00

1.2

For Investment Intermediaries

500,00

1.3

For Investment Companies

500,00

1.4

For Managing Companies

500,00

1.5

For Stock Exchange

500,00

1.6

For performing activities as Registration Agent

750,00

The fee is paid upon receipt of notification for approved application for Registration Agent. The full amount is charged regardless of the date of approval of the application.

2.

Annual payments:

 

 

2.1

For membership in the Central Depository

1 000,00

It is not charged for the year of becoming a member of the Central Depository. It shall be paid in two installments: for the first half of the year – until 30.06, and for the second half of the year – until 23.12 of the respective year.

 

2.2

For Registration Agent

400,00

The terms under p.2.1 shall apply.

3.

One-time fee for the Guarantee Fund

200,00

It is paid together with the affiliation fee under p.1

4.

Maintenance fee from which the amounts due with regard to the activities of the Central Depository member are deducted ex-officio.

300,00

It is the minimum amount of the payment for crediting the account from which the Central Depository deducts ex-officio the fees and commissions, according to this Tariff, for the activities performed by the Central Depository member. The balance of this account shall not be less than BGN 100 in the beginning of every business day.

 

 

II. Services for issuers:

 

 

5.

Monthly fee for maintenance of Register of Shareholders:

 

Monthly fee for maintenance of the actual status of the Register of Shareholders. The regular payment of the monthly fee covers the delivery of 5 print-outs of Registers of Shareholders as of dates, specified by the issuer, within one calendar year. Any additional request for preparing a Register of Shareholders is charged to the amount of 1 monthly fee under p. 5. The fee is calculated as a sum of the amounts under p. 5.1 and p. 5.2.  

5.1

Amount on the basis of  nominal value of the issue

 

 

 

Nominal value of the issue

Shareholders

fee

 

 

 

from

to

 

 

 

0

50 000

1

50

BGN 25.

 

 

 

50

BGN 30.

 

 

 

50 001

500 000

 

BGN 35.

 

 

 

500 001

1 000 000

BGN 37.

 

 

 

1 000 001

10 000 000

BGN 40.

 

 

 

10 000 001

BGN 45.

 

 

 

 

 

 

 

 

 

 

5.2

Amount on the basis of number of shareholders

 

For pension-security companies, insurance companies, investment companies, managing companies, companies with special investment purpose, investment intermediaries and commercial banks,the monthly fee shall not be less than BGN 40.

 

Numbers of Shareholders

lower

upper

fee

 

 

from

to

limit

limit

 

 

1

50

0,01

0,25

BGN 0,25 per every 50 shareholders

 

 

51

1 000

0,15

3,00

BGN 0,30 per every100 shareholders

 

 

1 001

5 000

3,50

17,50

BGN 0,35 per every 100 shareholders

 

 

5 001

10 000

25,01

50,00

BGN 0,50 per every 100 shareholders

 

 

10 001

15 000

30,00

45,00

BGN 0,60 per every 200 shareholders

 

 

15 001

30 000

32,50

65,00

BGN 0,65 per every 300 shareholders

 

 

30 001

50 000

48,00

80,00

BGN 0,80 per every 500 shareholders

 

 

50 001

100 000

42,50

85,00

BGN0,85 per every1000 shareholders

 

 

100 001

63,33

 

BGN0,95 per every1500 shareholders

 

6.

Issuance of a certificate of the capital structure of companies which have concluded a contract with the Depository.

12,00

 

7.

Issuance of a certificate of capital structure of companies which have not concluded an agreement with the Depository.

20,00

 

8.

Issuance of Register of Shareholders out of the procedure established under the Register Contract:

 

 

8.1

Up to 1000 shareholders

300,00

 

8.2

From 1000 to 10 000 shareholders

420,00

 

8.3

Over 10 000 shareholders

650,00

 

9.

Issuance of a certificate of a company for registration on free market of the Bulgarian Stock Exchange – Sofia AD.

50,00

 

10.

Deposit/withdrawal of securities:

 

 

 

 

 

 

 

Nominal value

Fee in BGN

lower limit/

upper limit

 

 

from

to

 

 

0

50 000

150

 

 

150,00 / 150,00

 

 

50 001

100 000

300

+

1,00/1000

300,00 / 350,00

 

 

100 001

200 000

400

+

0,90/1000

400,00 / 490,00

 

 

200 001

500 000

500

+

0,80/1000

500,00 / 740,00

 

 

500 001

1 000 000

750

+

0,70/1000

750,00 / 1100,00

 

 

1 000 001

5 000 000

1100

+

0,55/1000

1100,00 / 3300,00

 

 

5 000 000

10 000 000

3300

+

0,32/1000

3300,00 / 4900,00

 

 

10 000 001

20 000 000

4900

+

0,10/1000

4900,00 / 5900,00

 

 

20 000 001

100 000 000

5900

+

0,05/1000

5900,00 / 9900,00

 

 

100 000 000

9900

+

0,03/1000

9900,00 / =<50000,00

 

 

 

 

 

11.

Initial offering of securities through the Bulgarian Stock Exchange – Sofia AD of issues registered with the Central Depository – fee to the amount of the due one under p. 10.

p.10

 

12.

Issuance of a depository receipt

0,30

 

13.

Registration of the change of the nominal value of the shares

150,00

 

14.

Closing of an account (lot) upon demand of a joint-stock company which register is maintained by the Depository

1 000,00

 

15.

Registration of a bond issue

from 500,00 to 5000,00

The fee is 0,01% of the nominal value of the issue, but not less than BGN 500 and not higher than BGN 5000.

16.

Maintenance of Register of Bondholders

75,00

Monthly fee for maintenance of the actual status of the Register of Bondholders. The regular payment of the monthly fee covers the delivery of 5 print-outs of Register of Bondholders as of dates, specified by the issuer, within one calendar year. For any additional request for preparing of a Register of Bondholders the fee is BGN 75.

17.

Closing of a bond issue

500,00

 

18.

Providing a report on the shareholders/bondholders which hold a certain percentage of the company capital/the bond issue, specified by the issuer, as of a fixed date.

 

50,00

Conversion of the specified (by the issuer) percentage of the capital of the joint-stock  company into number of shares; preparing an excerpt of the shareholders which hold the so-calculated number of shares and proving a print-out of the information where the shareholders are arranged by EGN/ BULSTAT. Upon explicit demand, the information may be provided on a disk (e-version).

 

19.

Portfolio of an issuer

50,00

 

20.

Issuance of a certificate of shareholders/bondholders, foreigners

50,00

 

21.

Buy back of shares

500,00

 

22.

Blocking and servicing of restricted securities upon demand of the issuer, in BGN, payable upon blocking, for every calendar year.

300,00

 

23.

Fee for temporary blocking of an issue, if needed by the issuer on account of the technological terms for registration in the court registry.

100,00

 

24.

Report on issuers with state participation for public institutions

5,00

 

25.

ISIN coding of an issue

56,00

 

26.

Issuance of a certificate for exercised/not exercised RIGHTS

12,00

 

27.

Issuance of a certificate for amounts received at the account of the Central Depository AD from sales of RIGHTS

12,00

 

28.

Report on the entities, exercised/not exercised RIGHTS upon capital increase of an issuer.

 

p.5

The issuer shall pay a monthly fee under p.5

29.

Dematerialization of securities

p.5

The issuer shall pay a monthly fee under p.5. at the end of each quarter, upon a written notification from the Central Depository.

30.

Servicing of payments for a bond issue interests, principals as well as dividends  – 0.01% of the amount of the payments, but not less than BGN 500 and not more than BGN 5 000.

0,01%

 

31.

Calculation of dividends of a joint-stock company (issuers, holdings and investment companies which have concluded a contract with the Depository) and print-out of a list for disbursement of the amounts:

 

 

31.1

up to 1000 shareholders

100,00

 

31.2

from 1000 to 10 000 shareholders

200,00

 

31.3

over 10 000 shareholders

300,00

 

32.

Calculation of dividends of a joint-stock company which has not concluded a contract with the Depository and  print-out of a list for disbursement of the amounts:

 

 

32.1

up to 1000 shareholders

250,00

 

32.2

from 1000 to 10 000 shareholders

400,00

 

32.3

over 10 000 shareholders

600,00

 

33.

Report on the general meetings of the public companies and the results from them.

5,00

The fee is paid for each one of the companies.

34.

Registration of in-kind of securities

300,00

 

35.

Registration of transformation (merger, acquisition, separation and division) of companies

300,00

 

36.

Report on the number of the shares in circulation

2,50

The fee is paid for every business day on which the report of the Mutual fund and the Investment Company is prepared.

 

ІII. Services for investment intermediaries:

 

 

37.

Processing of a transfer

0,50

The fee is paid by the transfer parties for each one of the clients. The service includes: syntactic and logic checks and sending back respective messages with the results from them, comparison and establishment of the uniformity of the requisites (matching) of the transfer messages, processing of the messages for correction (if needed), blocking of securities in the account of the selling party, transfer of the securities (and the money, if the transfer includes payment) and sending back information for the completion of the process.

38.

Opening of an account

0,40

It includes: a syntactic check of the submitted message and sending back a message with the result from it, a logic check for correctness of the data submitted by the investment intermediary on the client and the type of the account to be open, sending back a message for the result from the logic check, processing of the messages for correction (if needed), opening of the account and sending back a message with the account number to the investment intermediary – applicant.

39.

Issuance of the form “Order for transfer of securities/compensatory instruments to a client account within an intermediary”

0,30

 

40.

Processing of the results from the centralized public tenders of the mass privatization for the investment intermediaries–members of Central Depository AD.

0,60

The fee is paid for each one of the shareholders.

41.

Additional information services

0,30

The fee is paid for each one of the clients of the investment intermediary.

42.

Verification of a depository receipts through ISO message

0,20

 

43.

Excerpt from the daily settlement of the transactions:

 

 

43.1

Print-out of the excerpts from the daily settlement of the transactions

20,00

Monthly fee

43.2

Extraordinary generating and submitting of an excerpt from the daily settlement of the transactions

5,00

The fee is paid for each day for which the excerpt is prepared.

44.

Issuance of a depository receipt

0,30

 

45.

Fee for issuance of a depository receipt upon transfer of compensatory instruments from personal account to client account in case the registration is on the grounds of a decision for compensation (without issuance of a certificate for CI).

1,00

 

46.

Correction by Central Depository operator of incorrectly submitted data by a member in regard to a transaction not yet finalized.

50,00

 

 

IV. Pledges

 

 

47.

Registration of Special Pledges Agreement

40,00

The fee of BGN 40 covers only the first page of the application, whereas for every following page and for the document of consent, if attached separately, the fee of BGN 10 per each shall be paid.

48.

Deletion of a pledge

25,00

 

49.

Registration of additional circumstances under Pledges Agreement

25,00

 

50.

Issuance of a certificate of lack/presence of registered circumstances

10,00

The fee is paid for each record in the certificate.

51.

Registration of blocking/unblocking of securities

40,00

 

52.

Issuance of a certificate of blocking upon demand of the parties under the agreement

10,00

 

 

V. Services for Registration Agents:

 

 

53.

Processing of a transfer

0,50

The fee is paid by the transfer parties for each one of the clients. The service includes: syntactic and logic checks and sending back respective messages with the results from them, comparison and establishment of the uniformity of the requisites (matching) of the transfer messages, processing of the messages for correction (if needed), blocking of securities in the account of the selling party, transfer of the securities (and the money, if the transfer includes payment) and sending of information for completion of the process.

54.

Opening of an account

0,40

It includes: a syntactic check of the submitted message and sending back a message with the result from it, a logic check for correctness of the data submitted by the investment intermediary for the client and the type of the account to be open, sending back a message with the result from the logic check, processing of the messages for correction (if needed), opening of the account and sending back a message with the account number to the investment intermediary – applicant.

55.

Duplicate of a depository receipt

3,00

It includes: syntactic and logic checks of the submitted message and sending back the respective messages for the results from the checks, data generating and sorting in a format appropriate for printing on a pad (hard copy), print-out.

56.

Report on securities or compensatory instruments holding (portfolio):

 

 

56.1

Standard portfolio of a physical person

5,00

The report includes: personal data of the person, name of the company (companies) from which issues the person holds securities, ISIN code of the issue (issues), nominal value, number of securities for each one of the issues and account type (personal or within an intermediary). The report shall be prepared as of the date of the application (report of the day). In case the portfolio is prepared with regard to inheritance procedure, when preparing it, the securities held by the deceased person shall be blocked.

56.2

Extended portfolio of a physical person

10,00

In addition to the data under p.54.1, the report includes the numbers of the investment intermediaries within which the client accounts are open, if any. The report shall be prepared as of the date of the application (report of the day).

56.3

Portfolio as of a past date

12,00

It is prepared usually in case of application for professional/ institutionary investor or in case the Commission of Financial Supervision requires such from investment intermediaries, registration agents, managing companies, etc. It includes the data under p.54.1 but shall be prepared as of a past date as indicated by the applicant.

56.4

Portfolio of a legal entity

50,00

The report includes the entity data, the name of the company (companies) from which issues the entity holds securities, ISIN code of the issue (issues), the nominal value of the securities, the number of securities for each one of the issues and the account type (personal or with an intermediary). The report shall be prepared as of the date of the application (report of the day).

57.

Changing of personal data

3,00

 

58.

Donation

5,00

 

 

VI. Internet services:

 

 

59.

Services for issuers which have entered into service agreement with the Central Depository AD:

 

 

59.1

Report on Register of Shareholders – fee to the amount of the one due under p. 5

p.5

 

59.2

Report on registered transfers for a specified period – fee to the amount of the one due under p. 16

p.5

 

59.3

Report on Register of Bondholders – fee to the amount of the one due under p.5

p.5

 

59.4

Official certificate of the capital structure

12,00

 

60.

Services for issuers which have not entered into service agreement with the Central Depository AD:

 

 

60.1

Report on Register of Shareholders – fee to the amount of the one due under p.8

p.8

 

60.2

Report on registered transfers for a specified period – fee to the amount of the one due under p.8

p.8

 

60.3

Report on Register of Bondholders - fee to the amount of the one due under p. 8

p.8

 

60.4

Irregular reports for Register of Shareholders/Bondholders out of the procedure under p.5 or p.8

 

1/2 * p.5(p.8)

The fee is to the amount of the half of the monthly fee due under p.5 or p.8.

60.5

Portfolio of issuer

50,00

 

60.6

Check up from Special Pledge Register

 

5,00

 

61.

VII. Services for payment by compensatory instruments (CI) under Art.13 of Law on Transactions with Compensatory Instruments in favor of the local and central government authorities:

 

 

61.1

For payments by CI with nominal value up to BGN 4 999.

5,00

 

61.2

For payments by CI with nominal value from BGN 5 000 to BGN 49 999.

20,00

 

61.3

For payments by CI with nominal value from BGN 50 000 to BGN 499 999.

50,00

 

61.4

For payments by CI with nominal value over BGN 500 000.

100,00

 

62.

VIII. Fees with regard to the procedure of registration of transactions with compensatory instruments, concluded on OTC market:

 

 

 

 

 

Compensatory instrument nominal value

 

 

 

1 - 1 000 BGN.

20,00

 

 

1 001 – 5 000 BGN.

50,00

 

 

5 001 – 10 000 BGN.

100,00

 

 

10 001 – 50 000 BGN.

200,00

 

 

50 001 – 100 000 BGN.

500,00

 

 

Over 100 001 BGN.

1 000,00

 

 

 

63.

IX. Irregular and  informal reports

 

 

63.1

Report on a balance of the account of a securities holder for the States Receivables Collection Agency, Territory Tax Offices and other empowered public authorities

10,00

 

63.2

Irregular report on changes in the registries (for the Depository members and their clients)

50,00

 

63.3

Informal report on registries, where the format of the report and the respective fee shall be agreed in advance by the applicant and the Central Depository.

By agreement