Investment Banking

Depositary 


 

On March 15, 2013, Ameriabank joined the Unified Securities Accounting and Settlements System of the Central Depositary of Armenia in the capacity of account operator. Ameriabank implemented cutting-edge software to improve the quality of services related to registration of the security owners of joint-stock companies and securities custody, as well as to attain compliance with the best international practices.

 

 



 

GENERAL PROVISIONS

 

1.1. Fees and rates specified in this document (hereinafter “Fees and Rates”) shall be charged in Armenian drams (AMD) upfront, except for those subject to monthly payment. Fees and Rates to be paid on monthly basis shall be charged within 5 business days following the calendar month. Commissions for the first and last months of servicing (maintenance of register) shall be charged pro rata the actual number of days serviced in that particular month, except where the Register Maintenance Agreement is renewed due to change of Account Operator, in which case the standard fee for the current month is charged pursuant to the Tariffs, including the Central Depository’s tariffs for the given full month. 


1.2. The fee for maintenance of securities on account holder’s (including nominee holder’s) account is not applicable to government and community-owned securities, as well as securities owned by CBA. If the nominee holds securities owned by the specified entities, he shall by the Bank’s mediation give notice on outstanding balances of such securities to Central Depository through CBANet before the end of the first business day following the reporting month.     


1.3. On the day of execution of the Register Maintenance Agreement the issuers who don’t hold accounts with the bank shall ensure on the special accounts the amount equal to the sum of the fee for the actual number of days serviced during the given month as prescribed under the effective rates. 


1.4. On the day of execution of the Securities Custody Agreement the holders of securities accounts, who are not bank account holders, shall ensure on the special accounts the amount equal to the sum of the fee for the given month as prescribed under the effective rates.


1.5. If the payable amount is calculated as percentage of the key indicator of the service, and the value of such indicator is expressed in foreign currency, the value shall be subject to recalculation according to FX rate defined by the Central Bank of Armenia as of that date, with the fee expressed as percentage calculated based on such recalculation.


1.6. Any commissions herein contained which are subject to VAT shall include VAT, except underwriting of transactions involving foreign securities through foreign custodians, where VAT is not included and is chargeable pursuant to the legislation of the Republic of Armenia.


1.7. If the Fees and Rates are not paid when due they shall be charged to the client’s account with the Bank without prior notice. Should there be no sufficient funds available on AMD account, the Bank shall be entitled to withdraw the payable amount, whether in full or in part, from client’s accounts in foreign currency in which case the amounts shall be exchanged at the “Buy” rate prevailing at the Bank as of that date. 


1.8. In the event the issuer for 3 months in a row fails to pay the specified amount when due, or pays it partially, the Bank shall apply to the defaulting party a fine in the amount of 5,000 AMD for each month of delay starting from the 4th month.


1.9. The Bank is entitled to suspend provision of services through the Bank’s intermediary to issuers and account holders who signed a Register Maintenance Agreement or Custody/Sub-Custody Service Agreement, if such issuers and account holders have over three months’ overdue liabilities (commissions) to the Bank. The Central Depositary and/or the Bank may resume provision of services to the issuer and the account holder as well as re-execute the Register Maintenance Agreement with issuers who have not re-executed the Agreement yet, in the following cases: 


1.9.1. upon full payment of the commission for re-execution of the Register Maintenance Agreement, calculated as per the below formula 1 (C1), to the Central Depositary directly or through the Bank’s intermediary, if the Register Maintenance Agreement has not been re-executed yet;


1.9.2. upon full payment of the commission for re-execution of the Register Maintenance Agreement, calculated as per the below formula 2 (C2), to the Bank, if the Register Maintenance Agreement has been re-executed by the Bank;


1.9.3. upon full payment of the commission for re-execution of the Register Maintenance Agreement, calculated as per formula 3 herein (C3), to the Bank, provided that the Custody Service Agreement has been re-executed by the Bank.


1.9.4. If the amount specified in the above clauses 1.9.1-1.9.3 is paid partially, first the overdue liabilities (OL) and then agreement renewal fee (CRA) is due.   


Formula 1


C1 = OL + CRA, where


OL is the full amount of overdue liabilities as of the suspension date (principal + fine for each day of default) 


CRA is the commission for renewal of the agreement equal to BR*D/365


BR is the Base Rate equal to AMD 150,000 (one hundred and fifty thousand) 


D is the number of days during which the agreement was suspended  




Formula 2


C2 = OL + CRA, where


OL is the full amount of overdue liabilities as of the suspension date (principal + fine for each day of default)


CRA is the commission for renewal of the agreement equal to BR*D/365


BR is the Base Rate equal to AMD 200,000 (two hundred thousand) 


D is the number of days during which the agreement was suspended  




Formula 3


C3 = OL + CRA, where


OL is the full amount of overdue liabilities as of the suspension date (principal + fine for each day of default)


CRA is the commission for renewal of the agreement equal to BR*D/365


BR is the Base Rate equal to 0.009% of total nominal value of the securities available on the account as of the renewal date


D is the number of days during which the agreement was suspended 



1.10. In the event of termination of the Agreement by the issuer or the account holder during the period of suspension as per clause 1.9 herein in cases envisaged by applicable Law:


1.10.1. Issuer shall, before the termination date, pay to the Bank the amount calculated as per formula 2 and fulfill the outstanding liabilities to the Bank, if the Register Maintenance Agreement has been re-executed;


1.10.2. Account holder shall, before the termination date, pay to the Bank the amount calculated as per formula 3 and fulfill the outstanding liabilities to the Bank, if the Custody Service Agreement has been re-executed.


1.11. In case of submission of new (edited) orders within the same business day for performance of the services specified in clauses 29 and 30 herein, in the cases defined pursuant to the approved rules of the Central Depository and the Bank, no additional fee is charged. If during that business day no record on “Delivery vs. Payment” (DVP) transfer of securities is made in the system, 50% of the commission paid is refunded until the end of the 5th business day following the defined date of transfer of securities pursuant to the DVP principle.      


1.12. Issuers using the services of Central Depositary may learn about their outstanding liabilities to the Central Depositary from the official website of the Central Depositary.


1.13. The Bank may apply special Fees and Rates to a particular client, defined by other documents and/or supplementary agreements and covenants, based on long-term cooperation with the given client, volume of the client’s transactions and other substantial reasons. 


1.14. The Bank may change or amend the current Fees and Rates by notifying the clients about such changes/addenda through posting respective notices within the Bank premises or on the Bank’s website. Such changes and addenda shall become effective on the date specified by the Bank, but not earlier than clients’ notification date. 


1.15. Amount payable by the client includes the Central Depositary Fees and Rates and the Bank’s commission

 

 

Type of service

Unit

Fees and rates for account holder clients

Fees and rates for non-account holder clients

Input of the initial data of the issuer’s securities register into the software application

1.

Registration of the issuer data in the software application

-

Free

Free

2.

Registration of data on the issuer’s securities in the software application

-

Free

Free

 

 

 

 

 

 

 

 

 

 

 

3.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Recording of shares (stock)[1] and maintenance of the holders/nominees register

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number (monthly)[2] of allocated securities (stock) accounts for each class of securities

 AMD 20,000 lump-sum and AMD 6,000: number of allocated securities (stock) accounts: from 1 to 9

AMD 20,000 lump-sum and AMD 12,000: number of allocated securities (stock) accounts: from 1 to 9

AMD 20,000 lump-sum and AMD 8,000: number of allocated securities (stock) accounts: from 10 to 49

AMD 20,000 lump-sum and AMD 15,000: number of allocated securities (stock) accounts: from 10 to 49

 

AMD 20,000 lump-sum and AMD 10,000: number of allocated securities (stock) accounts: from 50 to 99

AMD 20,000 lump-sum and AMD 20,000: number of allocated securities (stock) accounts: from 50 to 99

AMD 20,000 lump-sum and AMD 30,000: number of allocated securities (stock) accounts: from 100 to 199

AMD 20,000 lump-sum and AMD 50,000: number of allocated securities (stock) accounts: from 100 to 199

AMD 20,000 lump-sum and AMD 40,000: number of allocated securities (stock) accounts: from 200 to 499

AMD 20,000 lump-sum and AMD 60,000: number of allocated securities (stock) accounts: from 200 to 499

AMD 20,000 lump-sum and AMD 50,000: number of allocated securities (stock) accounts: from 500 to 999

AMD 20,000 lump-sum and AMD 70,000: number of allocated securities (stock) accounts: from 500 to 999

AMD 20,000 lump-sum and AMD 60,000: number of allocated securities (stock) accounts: 1,000 and more

AMD 20,000 lump-sum and AMD 80,000: number of allocated securities (stock) accounts: 1,000 and more

Recording of bonds/maintenance of bonds holders/nominees register[3]

4.

Recording of bonds/maintenance of bonds holders/nominees register

Total nominal value (monthly) of allocated bonds of each class

0.003%,

minimum AMD 5,000,

maximum

AMD 50,000

0.003%,

minimum AMD 5,000,

  maximum

AMD 50,000

Re-execution of the Register Maintenance Agreement due to the change of account operator

5.

Re-execution of the Register Maintenance Agreement due to the change of account operator

For each class of securities /one transfer

AMD 6,000

AMD 6,000

Services arising out of recording of allocated securities[4] 

Recording of allocated shares (stock) (allocation of shares except for public offering)

6.

Recording of allocated shares (stock)

Total nominal value (market value in case of stock) of allocated shares (stock)

0.1%, minimum AMD 30,000, maximum AMD 2,500,000

0.1%, minimum AMD 30,000, maximum AMD 2,500,000

Recording of allocated bonds (allocation of bonds except for public offering)

7.

Recording of allocated bonds

Total nominal value of allocated bonds

0.0075%, minimum AMD 30,000, maximum AMD 2,250,000

0.01%, minimum AMD 30,000, maximum AMD 3,000,000

Recording of shares (stock) allocated through public offering

8.

Recording of shares (stock) allocated through public offering

Total nominal value of shares (stocks) to be allocated

0.075%, minimum AMD 30,000, maximum AMD 1,000,000

0.075%, minimum AMD 30,000,

maximum AMD 1,000,000

Recording of bonds allocated through public offering

9.

Recording of bonds allocated through public offering

Total nominal value of bonds to be allocated

0.0075%, minimum AMD 30,000, maximum AMD 400,000

0.0075%, minimum AMD 30,000, maximum AMD 400,000

Recording of corporate action of issuer[5]

10.

Recording of corporate action

Total nominal value of securities (stocks) subject to corporate action

0.075%, minimum AMD 30,000,

maximum AMD 3,000,000

0.075%, minimum AMD 30,000,

maximum AMD 3,000,000

11.

Opening/closing of securities account for the issuer

Account

Free

Free

Provision of the list of registered owners (nominees) of securities (stocks)

12.

Provision of the list of registered owners (nominees) of securities (stocks)[6]

List

AMD 5,000 (VAT included)

AMD 10,000 (VAT included)

Provision of reference (without supporting documents) on operations/turnover with securities (stocks) (transfer of securities)

13.

Hard/electronic copy

One reference

AMD 15,000 (VAT included)

AMD 20,000 (VAT included)

Provision of reference (with supporting documents) on operations/turnover with securities (stocks) (transfer of securities)[7]

14.

Electronic

One reference

AMD 20,000 (VAT included)

AMD 25,000 (VAT included)

Hard copy

AMD 30,000 (VAT included)

AMD 35,000 (VAT included)

Provision of reference (with supporting documents) with other information (other than transfer of securities (shares))[8]

15.

Electronic

One reference

AMD 20,000 (VAT included)

AMD 25,000 (VAT included)

Hard copy

AMD 30,000 (VAT included)

AMD 35,000 (VAT included)

Registration of changes in the issuer data in the System[9]

16.

Registration of modified data in the System

-

Free

Free

Calculation and payment of dividends based on the issuer’s order

17.

Calculation and payment of dividends based on the issuer’s order

Total fund envisaged for payment of dividends

(for each process)

0,2%, minimum

AMD 30,000

0,2%, minimum

AMD 30,000

Distribution of funds as a result of coupon payments or repayment of bonds based on the issuer’s order

18.

Distribution of funds as a result of coupon payments/repayment of bonds

Amount of paid/distributed funds (for each process)

0,02%, minimum AMD 30,000

0,02%, minimum AMD 30,000

Notification of the issuer on operations with securities (stock) (on payment orders for transfer of securities (stock) and restrictions of title to securities)

19.

Notification

Annual

 AMD 225,000, VAT included

AMD 300,000, VAT included

Control over the purchase of securities, envisaged under the applicable law and the issuer’s charter, and over other applicable limitations

20.

Implementation of control

Annual

AMD 750,000

AMD 1,000,000

Opening, modification and closing of securities (stocks) account, maintenance of securities (other than securities recorded through foreign custodians) on the account

21.

Opening of securities account

Securities account

AMD 5,000 for individuals,

AMD 20,000 for corporates

AMD 5,000 for individuals,

AMD 20,000 for corporates

22.

Registration of changes in the information on securities account

Securities account

Free

Free

23.

Maintenance of securities on the account (except for securities traded on regulated market of RA and government or community-owned securities, as well as securities owned by CBA)[10]

Nominal value (monthly) of the securities available on the account holders’ accounts as of the end of each month

0.0007%

minimum AMD 1,000

0.001%

minimum AMD 1,000

24.

Closing of securities account

-

Free

Free

Services related to transfer of securities outside regulated market (transfer fee not chargeable if the transferor/recipient is CBA)

Transfer of shares (stocks) on any grounds, including the principle “Free of Payment” (FOP) where payment is made by the transferring party or stakeholder[11]

25.

Transfer of shares (stocks) (including FOP)

Total nominal value of securities (stocks) subject to transaction

0.1%, minimum AMD 5,000, maximum AMD 2,500,000

0.1%, minimum AMD 5,000, maximum AMD 2,500,000

Transfer of bonds on any grounds, including the FOP principle where payment is made by the transferring party or stakeholder[12]

26.

Transfer of bonds (including FOP)

Total nominal value of bonds subject to transaction

0.01%, minimum AMD 5,000м, maximum AMD 400,000

0.01%, minimum AMD 5,000, maximum AMD 400,000

Transfer of securities from one account to another as a result of Repo or Reverse Repo transactions

27.

Transfer of securities as a result of Repo or Reverse Repo transactions

Payment order (payment is made by either party)

AMD 8,000

AMD 8,000

Transfer of portfolio from the account with one operator to the account with another operator (transfer of the total balance of the securities account)

28.

Transfer of portfolio

Payment order (payment is made by transferring party)

AMD 6,000

AMD 6,000

Transfer of shares on any basis by the principle “Delivery vs. Payment”

29.

Transfer of shares (DVP)

Total nominal value of securities subject to transaction

(payment is made by each party)

0.15%, minimum AMD 10,000, maximum AMD 3,000,000

0.15%, minimum AMD 10,000, maximum AMD 3,000,000

Transfer of bonds on any basis by the DVP principle

30.

Transfer of bonds (DVP)

Total nominal value of bonds subject to transaction

(payment is made by each party)

0.015%, minimum AMD 5,000, maximum AMD 300,000

0.015%, minimum AMD 5,000, maximum AMD 300,000

Sale of pledged securities in out-of-court order

31.

Sale of pledged securities in out-of-court order

Total nominal value of securities to be sold (payment is made by the pledgee)

0.4%, minimum

AMD 20,000,

Maximum AMD 600,000

0.4%, minimum

AMD 20,000,

maximum AMD 600,000

Pledge of securities on the securities account of a given account-holder based on the order of the accountholder or his authorized representative

32.

Pledging

Total nominal value of pledged securities (stock) (payment is made by the pledgor)

0.1%, minimum

AMD 10,000,

maximum AMD 2,250,000

0.1%, minimum

AMD 10,000,

maximum AMD 2,250,000

Freezing of securities or securities account based on the order of the account holder or his authorized representative

33.

Freezing

Total nominal value of frozen securities (stock) (payment is made by the account holder)

0.1%, minimum AMD 5,000, maximum

AMD 2,250,000

0.1%, minimum AMD 5,000, maximum

AMD 2,250,000

Blocking of trade of securities as a result of transactions executed on the regulated market

34.

Blocking of trade

-

Free

Free

Temporary restriction of voting right for blocked shares at the general meeting of joint stock company

35.

Temporary restriction of voting right

Total nominal value of securities with restricted voting right

0.4%, minimum

AMD 10,000

0.4%, minimum

AMD 10,000

Lifting of pledging, freezing, blocking of trade and other encumbrance

36.

Termination of pledging, freezing, blocking of trade and other encumbrance 

Total par value of securities subject to pledge, freezing, blocking for trade purposes and other encumbrance

Free

Free

Provision of securities account (opened or reopened with the Bank) statement (including from Register) or reference on securities account transactions (including of turnover of securities) without supporting documents, based on account-holder’s request  

37.

Provision of securities account statement (including statement from Register as per each class)

Account statement

AMD 1,000 (VAT included) for each class

AMD 3,000 (VAT inclusive) for each class

38.

Provision of reference on securities account transactions (including turnover of securities)

Account reference

AMD 5,000 (VAT included)

AMD 10,000 (VAT included)

Provision of statement on other information related to account opened or reopened with the Bank from the Register or securities account based on the account-holder’s request (except for inquiries on operation-related information)

39.

Electronically

Account reference

AMD 10,000 (VAT included)

AMD 15,000 (VAT included)

40.

Hard copy

Account reference

AMD 15,000 (VAT included)

AMD 20,000 (VAT included)

Opening and modification of a nominee account for a person w/o account operator status and maintenance of securities on the account, except for securities recorded through foreign custodians

41.

Opening of nominee account

Securities account

AMD 300,000

AMD 300,000

42.

Modification of the information of the nominee account

Securities account

Free

Free

43.

Maintenance of the securities on nominee account (except for securities traded on regulated market of RA, government or community-owned securities, as well as securities owned by CBA)

Nominal value (monthly) of securities account balances of the nominee account as of the end of each month 

0.0008%

0.0008%

Opening and modification of nominee account for account operators, maintenance of securities on the account (except for securities recorded through foreign custodians)

44.

Opening of nominee account 

Securities account

AMD 50,000

AMD 50,000

45.

Registration of changes in the information on the nominee account

Securities account

Free

Free

46.

Maintenance of the securities on nominee account (except for securities traded on regulated market of RA, government or community-owned securities, as well as securities owned by CBA)

Nominal value (monthly) of securities account balances of the nominee account as of the end of each month 

0.0008%

0.0008%

Maintenance of securities recorded through foreign custodians and underwriting of operations with such securities (the scope of services can differ depending on the custodian)[13] 

Maintenance of securities[14]

47.

Maintenance of equity securities (including fund shares)

Total/monthly value of securities on the holder’s/nominee’s account (based on daily balance)

Fee of the Central Depositary + 25%, min AMD 1,000

Fee of the Central Depositary + 25%, min AMD 1,000

48.

Maintenance of debt securities (other than Armenian Eurobonds)

Total/monthly value of securities on the holder’s/nominee’s account (based on daily balance)

Fee of the Central Depository + 25%, min AMD 1,000

Fee of the Central Depository + 25%, min AMD 1,000

49.

Maintenance of Armenian Eurobonds

Total/monthly value of securities on the holder’s/nominee’s account (based on daily balance)

0.001563%, min AMD 1,000

0.001563%, min AMD 1,000

Corporate actions

50.

Crediting revenue from securities to the account

Total/monthly value of securities on the holder’s/nominee’s account (based on daily balance)

Fee of the Central Depository + 25%

Fee of the Central Depository + 25%

51.

Redemption of securities

Per operation

Fee of the Central Depository + 25%

Fee of the Central Depository + 25%

52.

Payment of dividends

Per operation

Fee of the Central Depository + 25%

Fee of the Central Depository + 25%

53.

Other mandatory operations

Per operation

Fee of the Central Depository + 25%

Fee of the Central Depository + 25%

54.

Non-mandatory operations

Per operation

Fee of the Central Depository + 25%

Fee of the Central Depository + 25%

55.

Writer’s selling and buying

Value of securities involved in transaction

Fee of the Central Depository + 25%

Fee of the Central Depository + 25%

56.

Withholding taxes, developing tax certificates, return and adjustment of taxes

Per transaction

Fee of the Central Depository + 25%

Fee of the Central Depository + 25%

Ensuring participation in distant sessions/meetings

57.

Getting notices

Per meeting

Fee of the Central Depository + 25%

Fee of the Central Depository + 25%

58.

Getting agenda

Per meeting

Fee of the Central Depository + 25%

Fee of the Central Depository + 25%

59.

Ordering access card

Per meeting

Fee of the Central Depository + 25%

Fee of the Central Depository + 25%

60.

Organizing voting

Per meeting

Fee of the Central Depository + 25%

Fee of the Central Depository + 25%

Clearing with securities (non-performed orders subject to clearing are automatically cancelled on the 45th day after entering, which is chargeable in the amount payable for the clearing)

61.

Performing clearing orders for equity and debt securities and fund shares

Per order

Fee of the Central Depository + 25%

Fee of the Central Depository + 25%

62.

Editing of wrong or overdue orders

Per order

Fee of the Central Depository + 25%

Fee of the Central Depository + 25%

63.

Costs of physical delivery or receipt of securities (insurance included)

Per transaction

Fee of the Central Depository + 25%

Fee of the Central Depository + 25%

64.

Group matching

Per transaction

Fee of the Central Depository + 25%

Fee of the Central Depository + 25%

Cash settlement services (non-performed orders subject to clearing are automatically cancelled on the 45th day after entering, which is chargeable in the amount payable for the clearing)

65.

Performance of cash deposit and withdrawal order (including pre-advice)

Per order

Fee of the Central Depository + 25%

Fee of the Central Depository + 25%

66.

Cash operations without orders

Per order

Fee of the Central Depository + 25%

Fee of the Central Depository + 25%

67.

Editing of wrong or overdue orders

Per order

Fee of the Central Depository + 25%

Fee of the Central Depository + 25%

Provision of reports

68.

Corporate action notice

Per notice

Fee of the Central Depository + 25%

Fee of the Central Depository + 25%

69.

Corporate action confirmation notice

Per notice

Fee of the Central Depository + 25%

Fee of the Central Depository + 25%

70.

Monthly payable interest notice

Per notice

Fee of the Central Depository + 25%

Fee of the Central Depository + 25%

71.

Account securities balance report

Per report

Fee of the Central Depository + 25%

Fee of the Central Depository + 25%

72.

Cash balance report

Per report

Fee of the Central Depository + 25%

Fee of the Central Depository + 25%

73.

Other reports on cash

Per report

Fee of the Central Depository + 25%

Fee of the Central Depository + 25%

74.

Operations statement

Per statement

Fee of the Central Depository + 25%

Fee of the Central Depository + 25%

75.

Forthcoming operations statement

Per statement

Fee of the Central Depository + 25%

Fee of the Central Depository + 25%

76.

Clearing confirmation report

Per report

Fee of the Central Depository + 25%

Fee of the Central Depository + 25%

77.

Securities lending report

Per report

Fee of the Central Depository + 25%

Fee of the Central Depository + 25%

78.

Corporate actions summary

Per report

Fee of the Central Depository + 25%

Fee of the Central Depository + 25%

79.

Provision of statement on available securities per market

Per report

Fee of the Central Depository + 25%

Fee of the Central Depository + 25%

80.

Provision of reports by mail or email

Per report

Fee of the Central Depository + 25%

Fee of the Central Depository + 25%

81.

Order confirmation

Per statement

Fee of the Central Depository + 25%

Fee of the Central Depository + 25%

82.

Clearing order status report

Per report

Fee of the Central Depository + 25%

Fee of the Central Depository + 25%

83.

Account deposit or withdrawal confirmation

Per statement

Fee of the Central Depository + 25%

Fee of the Central Depository + 25%

 



[1] Except allowances to mandatory pension funds

 

[2] Number of accounts for holders/nominees register of each class of allocated securities is determined as of the last day of each month.

 

[3]The fee for recording (maintenance of holders/nominees register) of foreign currency-denominated bonds is calculated in AMD at the exchange rate defined by CBA as of the last day of the month.  

 

[4]Except for recording of securities allocated on regulated market, as well as additional issues of securities allocated to ensure conversion for reorganization purposes, in which case the recording fee for each issue is recalculated at the end of allocation process on total par value bases.

 

[5]Including conversion of securities, such as change of the nominal value of shares, consolidation of securities, split of securities, conversion of one class (type) of securities into another by the decision of the issuer, conversion of securities through reorganization, except where the quantity and par value remain unchanged, acquisition, buyout, redemption or cancellation of securities (except for bonds) issued by that issuer. In case of change the fee is calculated based on the par value of securities registered after conversion, except conversion during reorganization through split or demerger, in which case the fee is calculated based on the par value of the shares to be converted.   

 

[6] Where the list of registered holders/nominees of securities (stock) is provided for submission to any business unit within Bank, the information is provided by the bank free of charge.    

 

[7] Fee payable also if the Central Depository provides supporting documents or reference on absence of operations.

 

[8] Fee payable also if the Central Depository provides supporting documents or reference on absence of operations.

 

[9] Change of the issuer data including change of the issuer’s actual or business address, type of the joint stock company, director, change of company name or information about securities (change of documentary form of the securities into non-documentary form and vice versa) in the System.

 

[10] Fee for this service starts to accrue from the day of opening or re-opening of the account-holder’s account by the Bank and continues till the day of closing of the account (inclusive).

 

[11] Including transfer of securities from one depo account to another due to trading, donation, inheritance of shares, privatization of government securities, transactions based on lawfully enforced court decision or decree (except when according to the decision the debtor is not the Central Depositary), as well as transfers on other bases.

 

[12] Including transfer of securities from one depo account to another due to trading, donation, inheritance of bonds, transactions based on lawfully enforced court decision or decree (except when according to the decision the debtor is not the Central Depositary), as well as transfer on other bases.

 

[13] Central Depository fees are denominated in EUR since respective services are rendered through foreign custodians. Fees are payable at the AMD/EUR exchange rate defined by CBA as of the transaction date. The Central Depository fees are defined as the fee (taxes included) presented by the foreign custodian + 25% premium. The fees for services rendered through foreign custodians and all respective changes at least one month prior to effective date are published on the official web page of the Central Depository.     

 

[14] The fee for maintenance of securities on CBA securities account as a result of repo/reverse repo transaction with CBA is payable by the transferring party.  

 

 


 

 

 

 

 

 

 

 

 

 

 

                                                  

 


Updated 28.11.2019, 10:50

Investment Banking Services

HEAD OFFICE

2 Vazgen Sargsyan Street, Yerevan 0010,RA

Tel.: +37410 56 11 11

USA:

+1 888 802 5352

UK:

+448000903191

Dear visitor,
If you find any discrepancies in the website materials in Armenian, English and Russian languages, or incomplete materials in Russian and English languages, please consider Armenian version as prevailing.
 
Ameriabank CJSC does not bear any responsibility for the inaccuracy of information on the linked web sites, nor does it accept any responsibility for the advertisements therein or possible consequences arising out of use of information provided on the linked web-sites by the third parties.
 
Ameriabank CJSC is supervised by the CBA.
© 2007-2017. All rights reserved.