- Receipt and transfer of the Clients orders on securities transactions.
- Securities transactions on behalf of the Bank or the Client and at the Client’s expenses.
- Securities transactions at the Bank expenses and on behalf of the Bank.
- Securities Depository
- State short-term, medium-term and long-term state coupon bonds (T-bonds), issued by the RA Ministry of Finance.
- Bonds issued by the CBA, as well as other state bonds to be issued and circulated in the future.
Investment services and non-principal services are provided by the Bank’s Treasury.
Clients are charged by the Bank for the services provided according to the tariffs defined by the Executive Board of the Bank. Commissions are charged on monthly bases from the account(s) balance(s) on the last business day, in accordance with the Bank’s Tariffs and Rates. Should the Client lack the required funds for charges, the commissions of the Deposotor will be paid from the Client’s foreign currency account(s) by the CBA average market rate on the due period of charging.
| Securities account opening | free of charge |
| DEPO account maintenance | free of charge |
| Custody of securities available on the account (except for securities registed by a foreign depository)2 | 0.0010% |
| Custody of securities registed by foreign depository3 | Rate (taxes incl.)of the Central Depositary of Armenia set for the Bank + additional 25% |
| Enter securities to the Customer’s DEPO account | AMD 0 |
| Interbank transfer of securities | AMD 1 000 |
| Intrabank transfer of securities | |
| Stocks (including Free Delivery Option) | |
| under AMD 1 000 000 | AMD 1 000 |
| over AMD 1 000 001 | 0.10%, AMD 2 500 000 Max |
| Bonds (including Free Delivery Consent) | |
| under AMD 2 000 000 | AMD 200 |
| over AMD 2 000 001 | 0.01%, AMD 300 000 Max |
| Account-to-account transition of securities as a result of repo or reverse repo transactions | AMD 9 000 |
| Portfolio Transition | AMD 10 000 |
| DVP Transaction of Stocks | |
| under AMD 1 000 000 | AMD 2 000 |
| over AMD 1 000 001 | 0.20%, AMD 3 000 000 Max |
| DVP Transaction of Bonds | |
| under AMD 10 000 000 | AMD 2 000 |
| over AMD 10 000 001 | 0.02%, AMD 300 000 Max |
| Securities Capture, Freeze, Blocking | |
| Stocks Capture | 0.01%, AMD 2 500 000 Max |
| Bonds Capture | 0.02 %, AMD 450 000 Max |
| Securities or securitee account freeze | 0.1%, AMD 2 500 000 Max |
| Prohibition on trading of securities | AMD 1 000 |
| Cancellation of capture, freeze, prohibition on trading | AMD 1 000 |
| Re-registration of securities | AMD 5 000 |
| Provision of statements and references | free of charge |
| Calculation and Receipt of Income on Securities | Rate (taxes incl.) of the Central Depositary of Armenia set for the Bank + additional 25% |
| Additional Data Provision | Contractual Fee |
| <=20mln | >20mln | Min fee | |
| CSI (shares, securities) | |||
| Armenia | 0.14% | 0.12% | 5 000 |
| Russia | 0.14% | 0.12% | 5 000 |
| Europe (shares, depositary receipts, other securities) | 0.25% | 0.22% | 15 000 |
| ASIA (shares, depositary receipts, other securities) | 0.25% | 0.22% | 12 000 |
| North America (shares, depositary receipts, other securities) | |||
| USA5 | 0.022% | 0.02% | USD 18 |
| Canada6 | 0.038% | 0.035% | CAD 30 |
| Openning and Maintenance of depo account | AMD 0 |
| Transition of State Securities upon investor’s request | AMD 500 |
| Preparation of a Depot order by the Bank (Inclusive of VAT) | AMD 1 000 |
- Tariffs do not include commissions charged by other organizations (trading systems, foreign depositories, depositors, registries, etc), as well as the Client’s other service expenses (taxes, duties, etc).
- Calculated on monthly basis against nominal value of the securities (except for securities admitted to purchase and sale on the regulated market of the RA) remained on the account at the end of each month.
- Calculated on monthly bases against the total amount of securities available in the account (based on daily balance of the securities).
- The volume of investment tools is limited by the tools offered by the Bank's partners. Tariffs do not include commissions charged by other organizations (trading systems, foreign depositories, depositor and register services, etc.), as well as other expenses of the Client (taxes, duties, etc.). In case of limitation by the Bank’s partners of the minimum quantity/volume limits of securities purchased/sold within 1 order, then the limitations are to be applied to the Client order as well. Due to the brokerage operations, if necessary, the Client’s funds are to be converted to other currencies at the rates set by the Bank's partners.
- Tariffs are defined for a share (a depository receipt) by the exchange rate of USD to AMD.
- Tariffs are defined for a share (a depository receipt) by the exchange rate of CAD to AMD.
Communication between Client and the Bank is carried out by hard copies of the documents or electronic means of communications (fax or e-mail).
• Depository Agreement comes into force starting from the date of signing it and is valid for an indefinite period.
• In case of termination of the Agreement, upon the Client’s order the depo account balance will be transited to the Client’s another depo account possessed with another sub-depository within the day of submitting the order, and the depo account of the Client will be closed.
When executing the Client’s orders, the Bank performs by following the principles of unbiasedness and punctuality, and is sure to inform the Clients on transactions with their securities and funds.
Aimed to protect the Client’s interests, the authorized specialists of the Bank are obliged:
• To provide the RA legislation and the Bank’s internal legal acts regulating Investment Market.
• To put the interests of the Bank and its Clients ahead of their own interests and avoid entering into deals which could have negative impact to the Client and/or Bank’s interests.
• To ensure the protection of investors (Clients, partners and other market players).
• Within the scope of their power, to inform the direct managers on the possible violations of the RA legislation and the Bank’s internal legal acts, as well as other transactions of which the Bank can be considered as an interested party.
• Documents required for account opening.
• Information on knowledge and experience of security market.
ATTENTION: Clients are responsible for risks occurred in the course of taking advantage of investment services offered by the Bank. The Bank will not refund the losses of the Client, if they are not caused as a result of the Bank’s inaction or unfair attitude. Investment services are provided at the Bank’s
Stepanakert Central Branch
25, Knunyantsneri Str., Stepanakert 375000
Phone: +374 47 943334
E-mail: [email protected]
