NEDGROUP PRIVATE WEALTH STOCKBROKERS FEE SCHEDULE



ADMINISTRATION AND CUSTODIAL FEE
ACCOUNT OPENING FEE (ONCE OFF) R250
ONCE-OFF ACCOUNTS OPENING FEE R1 000
QUARTERLY ADMINISTRATION FEE R150
ACCOUNT CLOSING FEE R250


PORTFOLIO MANAGEMENT FEES
DISCRETIONARY MANDATE PRO-ACTIVELY ADVISED MANDATE
PORTFOLIO VALUE FEES PER ANNUM PORTFOLIO VALUE FEES PER ANNUM
R0-R3 MILLION 1.2% R0 MILLION AND ABOVE 1.5%
R3 MILLION AND ABOVE 1.0%    
Management fees are levied quarterly on the market value of the portfolio and are subject to a minimum quarterly fee of R625


EQUITY BROKERAGE
Sliding Scale:

DEAL CONSIDERATION FEE PAYING
BROKERAGE RATE
Up to R250,000 0.70%
R250,000-R750,000 0.50%
R750,000-R1 000,000 0.45%
R1 000,000 and above 0.35%
Minimum charge per deal R70


Via a branch or Portfolio manager
DEAL CONSIDERATION FEE PAYING
BROKERAGE RATE
NON FEE PAYING
BROKERAGE RATE
ONCE OFF ACCOUNTS
BROKERAGE RATE
Up to R50,000 1.00% 1.25% 1.60%
R50,000-R100,000 0.75% 1.00% 1.25%
R100,000-R500,000 0.50% 0.75% 1.00%
R500,000-R1 000,000 0.43% 0.50% 0.90%
R1 000,000-R2 000 ,000 0.35% 0.40% 0.75%
R2,000,000 and above 0.35% 0.35% 0.75%
Minimum charge per deal R100 R150 R350


KRUGERRAND BROKERAGE
Sliding Scale:

DEAL CONSIDERATION   BROKERAGE RATE   COINS MUST BE DELIVERED TO/OR COLLECTED FROM OUR OFFICES IN SANDOWN ON SETTLEMENT BY THE CLIENT
Up to R20,000 3.0%
R20 000 and above 2.0%
Minimum charge per deal R1 000
Handling fee per coin R50.00


BOND BROKERAGE
Sliding Scale:

NOMINAL VALUE BROKERAGE RATE
Up to R100, 000 0.5%
R100,000 to R500,000 0.35%
R500,000 to R1,000,000 0.20%
R1 000,000 and above 0.15%
Minimum charge per deal R 500.00


FEES ON DERIVATIVE INSTRUMENTS
SINGLE STOCK FUTURES
For all trades with an exposure value of R50,000 or above:
For all trades with an exposure value below R50,000:
0.45% per leg
0.6% per leg
INDEX FUTURES Brokerage of R10 per contract  
CURRENCY FUTURES Brokerage of R20 per contract  
INTERNATIONAL FUTURES   0.5% per leg
COMMODITY FUTURES Brokerage of R120 per contract  


OFFSHORE INVESTMENTS
Offshore Stockbroking Nedbank Private Wealth Platform

EQUITIES   Brokerage 1.0% of deal consideration subject to a minimum of £50 per trade   - Basic charge of £25 on each transaction
- Additional £30 on non-UK shares
PLATFORM FEE 0.1% pa platform fee levied on the market value of the portfolio inclusive of equity, cash and funds subject to a minimum of £250 All fees quoted in Pound Sterling (£)
ASSET SWAP FEE IF UTILISING NEDGROUP PRIVATE WEALTH STOCKBROKERS (PTY) LTD ASSET SWAP CAPACITY 0.40% per annum payable quarterly in advance on the ZAR value of the portfolio,  


SCRIP BORROWING FOR SHORT SALES
EQUITY BORROWINGS   1% per annum*   
BOND BORROWINGS 1% per annum*
COLLATERAL REQUIREMENTS 110% Cash
125% approved shares
* A minimum charge of R150 per deal applies. Higher fees may apply depending on scrip availability.
Fees are calculated on market price.


ON-LINE ACCESS
LIVE PRICES FULL ACCESS   R 70 per month   
RESEARCH - FULL ACCESS R 80 per month
BOTH OF THE ABOVE Both of the above - R 150 per month
If one or more trades are executed on the account during the month, no fee is payable.


INTEREST
CREDIT INTEREST ON SURPLUS FUNDS  
DISCRETIONARY AND PRO-ACTIVELY ADVISED CLIENTS Rate receivable from JSE Trustees
NON FEE PAYING CLIENTS JSE Trustees rate less 1%
DEBIT INTEREST
DEBIT INTEREST ON OUTSTANDING DEBIT BALANCES Prime bank rate + 3%
CASH BORROWINGS AGAINST COLLATERAL OF SHARE PORTFOLIO Competitive interest rates are charged at a variable rate linked to the prime bank rate


OTHER SERVICE CHARGES
ACCOUNT QUERIES DATING BACK TO A PERIOD OF MORE THAN 3 MONTHS (REQUIRES REMOTE STORAGE ACCESSING) R5.00 per page
SHARE VALUATIONS FOR ESTATE DUTY PURPOSES R250 per valuation
COMPREHENSIVE CGT STATEMENT R150 per account
COMPREHENSIVE CGT STATEMENT FOR ESTATE DUTY PURPOSES R250 per account
LOST SCRIP APPLICATIONS R500 (excluding insurances)
DEMATERILISATION R30
URGENT DEMATERILISATION R500
REMATERILISATION R750 per certificate
EXCHANGES R100
THIRD PARTY PAYMENTS R50
PORTFOLIO TRANSFER TO EXTERNAL PARTIES R90 per counter
TAX CLEARANCE CERTIFICATE R250.00


STATUTORY CHARGES AND TAXES
SECURITIES TRADING TAX 0.25% of consideration on equity purchases
LEVY INVESTOR PROTECTION 0.0002% of consideration
AD VALOREM STRATE FEE Minimum of R11.58 and a maximum of R57.87 per contract note
VALUE ADDED TAX (‘VAT’) Is payable on all fees and brokerage. All the fee and brokerage rates quoted in the fee schedule are exclusive of VAT.


THIRD PARTY CHARGES
THIRD PARTY CHARGES Fees charged by external service providers are passed onto clients. A detailed list of these charges is available on request.


NOTICE OF PRICE INCREASES
NOTICE PERIOD Clients will be given 30 days notice of any price increases in fees levied by Nedbank Private Wealth.
THIRD PARTY PROVIDER FEES Although due care has been taken in disclosing third party service provider fees, these may vary from time to time and Nedbank Private Wealth cannot be held responsible for any errors and omissions.