The Nigeria’s Capital Market Central Depository House, the Central Securities Clearing System (CSCS) has reviewed charges of its services and products with effect from January 01 2012. This was contained on the webiste of the Nigeria’s CSCS.
Below are the services/products and the new rates.
REVIEW OF CSCS PRODUCT/SERVICE CHARGES EFFECTIVE JANUARY 1, 2012
SN | PRODUCTS | OLD RATE (=N=) | NEW RATE (=N=) | REMARKS |
1. | Stock Position (Hard Copy) (no logo) | =N=100 per A/c | =N=100 per A/c | |
2. | Statement with CSCS Logo | =N=200 per A/c | =N=200 per A/c | |
3. | Statement with CSCS Logo (collateral A/c) | =N=500 per A/c on lien | =N=500 per A/c on lien | |
4. | Transaction Listing | =N=100 per stock | =N=100 per stock | |
5. | Daily Trade (Hard Copy) | =N=100 per day | =N=200 per trading day | |
6. | Daily Trade (Soft Copy) via Data Exchange | =N=200 per day | =N=100 per day | |
7. | Account Database | =N=5,000 per House | =N=5,000 per House | |
8. | Stock Balances (Text format) soft copy | =N=10,000 per House | =N=5 per KB | |
9. | Certificate Deposit/E-Lodgement Report | =N=5 per KB | ||
10. | Inter-member Transfer | =N=100 per A/c | =N=100 per A/c | |
11 | Inter-Member Transfer print out | =N=100 per A/c | =N=100 per A/c | |
12 | Certificate Withdrawal | N100 per Symbol/account | ||
12. | GDR Transfer | =N=500 per A/c (inter) Free within custodian (intra) | ||
13. | Account Opening | · =N=100 per new A/c. · New A/c with already existing CHN =N=50 | ||
14 | Share Withdrawal Request | N100 per security | ||
14. | Certificate Request | =N=500 per request/stock | =N=500 per request/stock | |
15. | Website for Participants | =N=50,000 per annum | =N=50,000 per annum | |
16. | Website for Special Account – Corporate/Family | =N=5,000 per annum | =N=5,000 per annum | |
17. | Website for Special Account – Individual | =N=2,500 per annum | =N=2,500 per annum | |
18. | Website for individual Investor | =N=2,500 per annum | =N=2,500 per annum | |
19. | All Clients Accounts on each Symbol | =N=100 per symbol/per page | =N=100 per symbol/per page | |
20. | Bank Net position each day | =N=100 per day | =N=200 per day | |
25. | Special Accounts: Special Account – Individual Special Account – Family Special Account – Corporate Special Account – Custodian Margin/Custody Primary Dealer/Market Maker Linkage of Custodian Account Additional of Sub-Account | =N=5,000 monthly =N=10,000 annually =N=10,000 annually =N=10,000 annually =N=25,000 annually =N=25,000 annually =N=25,000 annually free | N5,000 annually N10,000 annually N10,000 annually =N=50,000 annually =N=50,000 annually =N=25,000 annually =N=25,000 annually =N=5,000 annually | |
26. | Lien Charges are as Follows: (a) 1 – 1,000,000 (b) 1,000,001 – 20,000,000 (c)20,000,001 – 50,000,000 (d)50,000,001 – 100,000,000 (e)100,000,001 and above | =N=50 per stock | 0.5% & =N=100 per stock Same =N=20,000 =N=30,000 =N=60,000 =N=100,00 | This is renewable annually. |
27. | Margin – Member Code | =N=50,000 annually | ||
28. | Access to Margin/Custodian Accounts | =N=500 per linkage for margin and custodian | ||
29. | Creditor eligibility member code | =N=25,000 annually | ||
30. | Merger of Creditor membership code | =N=10,000 annually. Base fee and =N=100 per account. | ||
31. | Reconstruction of symbol/security | =N=100,000 | ||
32. | Symbol Conversion/Change | =N=10,000 |
1. GT Bank Plc – 0002925874
2. UBA Plc – 1006864216
3. First Bank of Nigeria Plc – 1000033614
Source: CSCS
