Prices

ADBR Pricelist
(Consent Securities Commission RS No. 01-UP-051-1395/11, od 20.5.2011. )


Pricelist Advantis Broker” Banja Luka

 

Article 1.

This Service tariff regulates the amount of commission and other compensations paid for solicitation in jobs for which “Advantis Broker” is authorized by the Commission for Securities of the Republic of Srpska.

A) Broker jobs

1) Purchase of equity securities (stock):

Ord Value of the transaction (in BAM) Fee (in %)
1. to 1,000.00 1.30
2. from 1,000.01 to 5,000.00 1.20
3. from 5,000.01 to 10,0000.00 1.10
4. from 10.001 to 20.000 1.00
5. from 20.001 to 50.000 0.80
6. More than 50,000.01 0.60

 

2) Sale of equity securities (stock):

Ord Value of the transaction (in BAM) Fee (in %)
1. to 400.00 8.00 BAM
2. from 400.01 to 1,000.00 2.00
3. from 1,000.01 to 5,000.00 1.80
4. from 5,000.01 to 10,000.00 1.40
5. from 10,000.01 to 30,000.00 0.00
6. from 30,000.01 to 50,000.00 0.80
7. from 50,000.01 0.60

 

3) Purchase and sale of debt securities (bonds):

Ord Value of the transaction (in BAM) Fee (in %)
1. to 10,000.00 0.80
2. from 10,000.01 to 20,000.00 0.70
3. from 20,000.01 to 50,000.00 0.60
4. from 50,000.01 0.60

 

4) Takeover services:

1. Legal affairs up to 30,000.00 BAM
2. Accepting orders up to 3% of value of deposited shares
3. Accepting offers of 0.7% of stock values from the order for accepting the offer (number of stocks * assumption price)

5) Block jobs:

to 0.7% of trade value.

6) Purchase and sale of short-term securities (treasury bills and other short-term securities and other short-term securities):

Ord Value of the transaction (in BAM) Fee (in %)
1. to 500,000.00 0.10
2. from 500,000.01 to 10,000,000.00 0.04
3. from 10,000,000.01 0.03

 

7) Repo:

From 0.5% – 1.00% of the value of loan, min. 45.00 BAM, max. 450.00 BAM.

8) Multilateral compensation:

to 2.00% of trade value.

 

B) Portfolio management

An annual fee for the management may not be more than 2% of the portfolio value.
Calculation of the value of client’s portfolio is carried out monthly, on the last day of the month. Commission for portfolio management is calculated monthly, on the value of portfolio on the last day of the month by formula:
Portfolio value × Annual management commission × 1/12

Success fee cannot go beyond 20%.

Success fee is calculated each 365 days from the day of signing a contract in the event that yield is larger than targeted, in the way that fee amount is calculated on the difference of portfolio value on the day of calculation with respect to target portfolio value defined in investment policy for client’s portfolio, respecting the clause of high-water mark.

High-water mark clause means that if the portfolio rises, for example from 10,000.00 BAM to 14,000.00 BAM during the first year (40% rise) and the target yield was 25%, the manager charges a success fee of 20% on the amount of 1,500.00 BAM. If in the following two years portfolio value falls to 11,000.00 BAM the manager is not entitled to success fee.

If during the third year the portfolio rises to 16,000.00 BAM, the manager can charge success fee only on the amount of difference, pursuant to high-water mark clause, (16,000.00-14,000.00) in the amount of 2,000.00 KM, where 14,000.00 BAM represents the portfolio value after the first year.

C) Issuing agent jobs

3% of issuing value, min. 5,000.00 BAM.

D) Investment consultation jobs
500.00 BAM per hour.

Article 2.

Calculated commission amounts for broking services in securities trading are paid by the seller and the buyer.
Notwithstanding the previous paragraph, compensations for assumption jobs from the article 1, act 4, paragraph 1 and 2, are paid by the bidder, while the compensation from the article 1, act 4, paragraph 3, is paid by the stockholder who accepts the offer.

Article 3.

The stipulated commission amounts include commission of the Central register and Banja Luka Stock market, except for assumption jobs.

Article 4.

Advantis Broker reserves the right to agree with clients on the commission in the amount less than the amounts stipulated in Article 1 of this Tariff, according to the regulations of a Contract concluded with a client, which shall be regulated by a special annex.

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