Costs of the Clearing, Settlement & Central Depository's (CSD) Services Schedule
Service | Cost |
1.Entry of investors' particulars into the CSD system. | BD4 payable once. |
2.Opening the investors' account and depositing the securities with one broker. | BD1. |
3. Transfer of securities other than exempted transfers. | BD1 per company. |
4. Trading commission | Subject to the Minister of Commerce's Resolution No. 3/2001 with respect to the Broker's Commission on the BSE **. |
5.Exempted transfers | Subject to Article (36) of the Internal Regulations as amended by the Minister of Commerce & Agriculture's Resolution No. 8/1993 with respect to the amendment of some provisions of the Internal Regulations ***. |
6. Pledging and freezing of securities (except margin transfers). | 0.00025 of the pledged securities market value, with a minimum of 5% for a single transaction and a maximum of BD2000. |
7. Letter of deposited securities ownership. | BD1. |
8.Adhoc account statements regarding the transactions. | BD2 per statement, not exceeding two pages and an addition BD1 per each additional page. |
9.Issuance of deposited securities accounts statements in the CSD system, subject to the issuer's request. | 20 fils per shareholder at a minimum of BD50 in case the statement is issued on a CD, and a minimum of BD100 in case the statement is issued as hard copies. |
10.Management of shareholders' register. | 500 fils per shareholder per annum at a minimum of BD2000 and a maximum of BD10,000 per company. |
• The total number of shareholders in joint stock companies listed on the BSE as of 30/9/2001 is 96,447shareholders.
Attachments:
** The Minister of Commerce & Industry's Resolution No. 3/2001
*** The Minister of Commerce & Agriculture's Resolution No. 8/1993