ECONOMIC CONDITIONS
Access to the service is free.
NATIONAL MARKET
The commission on securities sale-purchase during the first year of subscribing the service is:
As of the second year, the commission is:
In purchase-sale orders of subscription rights, the commission is 0.60 % of cash sum, with a minimum of € 3 per operation.
This fee is to be increased by adding the following charges at the official rate:
1. Transactions charge
1.1 Securities belonging to the IBEX 35® index whose free float capitalisation exceeds €8,000 million: Rate applied to the total cash traded: 0.30 basis points (0.30/10,000). The rate shall apply to purchase and sale transactions carried out in the order book and a minimum of €1 shall apply to the cash traded on the same day by a common end customer, value, type of transaction and effect.
1.2 Other securities and transactions: For cash traded on the same day by a common end customer, value, price, type of transaction and effect, the amount resulting from applying the following scale:
Up to € 300
Amount
€ 1.10
From € 300.01 to €3,000
Amount
€ 2.45 + 2.4 basis points
From € 3,000.01 to € 35,000
Amount
€ 4.65 + 1.2 basis points
From € 35,000.01 to € 70,000
Amount
€ 6.40 + 0.7 basis points
From € 70,000.01 to € 140,000
Amount
€ 9.20 + 0.3 basis points
From € 140,000.01 onwards
Amount
€ 13.40
NOTE: 1 basis point = 1/10,000 on negotiated cash.
If the sum of this rate for a common end customer, value and effect is greater than €110, the lesser of the following amounts will be taken:
2. Charge for order characteristics
The charge for characteristics of the order applies to all securities in addition to the charges described in point 1.
2.1 Order carried out in a competitive bidding process:
Orders negotiated during the bidding period will have a charge of €1. The rate will apply to each competitive bidding process in which you negotiate the order of a common end customer, without taking into account the number of executions of the order for each negotiation date.
2.2 Order restrictions:
Execution restrictions (minimum volume, execute or cancel and all or nothing) will carry an associated cost of 2 basis points (2/10,000) on the total cash traded on that order per each end customer and effective date, with a minimum of €0.50 and a maximum of €1 per order.
In addition, and in order to facilitate transactions related to the trading of subscription rights, the rate referred to in point 2.1, relating to orders executed in a competitive bidding process, shall not apply to orders negotiated in a competitive bidding process which refer to the aforementioned subscription rights.
INTERNATIONAL MARKET
For buying and selling of securities, the fee is 0.60% on cash with a mínimum of €15 per transaction.
For buying and selling of subscription rights, the fee is 0.60% on cash, with a mínimum of €18 per transaction.
Germany, Netherlands
Charge
No
Taxes
No
Switzerland - VTX
Charge
No
Taxes
No
Switzerland - SWX
Charge
No
Taxes
No
Austria, Belgium, Denmark, Finland, Norway, Portugal, Sweden
Charge
No
Taxes
No
Ireland
Charge
€ 1.25 orders above € 12,500
Taxes
1,00 % of cash sum. Only purchases
United Kingdom
Charge
1.00 pounds orders above 10,000 pounds
Taxes
0,50 % of cash sum. Only purchases
United States
Charge
0.002310 % of cash sum. Only sales
Taxes
No
Canada
Charge
No
Taxes
No
Japan
Charge
No
Taxes
No
Australia
Charge
No
Taxes
No
France
Charge
No
Taxes
0,30 % of cash sum. Only purchases
Italy
Charge
No
Taxes
0,10 % of cash sum. Only purchases
National market
Fee
Commission of 0.45 %, annual minimum of € 5 on cash sum of securities deposited
International market
Fee
Commission of 0.50 % annual minimum of € 10 on cash sum of securities deposited