Information about costs and charges related to financial instruments and investment services

New European MiFID II Directive together with further follow-up regulation entered into force on 3 January 2018. This regulation has introduced new rules and requirements for the provision of investment services. In order to better inform our clients – investors, the end-of-year securities account statement has been extended by section Information about costs and charges related to financial instruments and investment services. In this section of the statement, UniCredit Bank Czech Republic and Slovakia, a.s. (hereinafter referred to as the “Bank”) provides a comprehensive overview of the fees and charges associated with your investments and securities for the previous calendar year.

 

Should you find any data unclear, please read the explanatory notes below, which include a more detailed description of individual items of the statement. You can discuss your individual situation with your banker or you can contact our info line at +420 221 210 03.

 

Finally, we would like to assure you that the relevant information does not represent any change in the amount of fees in accordance with the currently valid Price List; it is only a retroactive declaration of fees paid and applied for previous calendar year, which allow us to continue to improve our services.

Fee

Every row of the table in statement represents one type of fee applied during the previous calendar year. The end of the table subsequently provides the total sum of the paid costs and charges, including the ratio of that amount to the total value of securities held on the securities account.

  • Brokerage fees – the Bank’s remuneration for intermediating the purchase/sale of a security, which also covers potential third-party costs (e.g. a stock-exchange) of executing such a transaction.
  • Settlement commission – third-party costs (e.g. foreign dealers/brokers) associated with the execution of client’s order transferred at the expense of the client.
  • Settlement fee – the Bank’s remuneration for making a change in the records of securities, in particular due to a transfer to another owner or assignment of securities, e.g., as a result of inheritance.
  • Safekeeping fees of the Bank – the Bank’s remuneration for maintaining a securities account, which also covers potential costs of third parties (e.g. foreign depositories) where the securities are held.
  • Management fee of fund – Bank’s share – part of the management fee (remuneration of the portfolio manager for managing the fund’s assets and, usually, for active management, selection of securities and efforts to achieve better performance than the market) paid by the management company to the Bank as the distributor of these funds. The Bank uses these means to improve its services, e.g. an overview of investments in Online Banking, etc.
  • Management fee of fund and other, mostly transaction costs and charges of the instrument – part of the management fee, which constitutes the portfolio manager’s income, as the remuneration of the manager for managing the fund’s assets and, usually, for active management, selection of securities and efforts to achieve better performance than the market. The fee also entails other transaction costs associated with trading of securities included in the fund.
  • One-off exit charge of  Fund – the charge of the fund paid for early redemption of units before the date of planned maturity.
  • Distribution fees – Share Premium – the Bank’s remuneration for intermediating subscription of security – bond or investment certificate, on the primary market.
  • One-off entry charge for structuring – the remuneration of issuer for structuring of a security, usually an investment certificate, by its issuance on the primary market.
  • Structuring fees – the Bank’s remuneration for structuring of security – bond, by its issuance and for intermediating subscription on the primary market.
  • Market commission – fee of a third party, mostly a foreign stock-exchange, associated with the execution of a transaction on the relevant market.
  • Corporate action fee – fee of a third party, mostly a foreign depository, associated with the execution of a corporate action, e.g. dividend payment, exercise of rights to subscription, etc.
  • Financial transaction tax – a special tax of some European Union countries (e.g. Italy) applied to certain types of financial transactions with securities (e.g. purchase of shares).
Deducted directly (Yes/No)
  • Yes = the fee has been directly withdrawn from the client’s cash account.
  • No = the fee has not been directly withdrawn from the client’s cash account, but continuously included in the investment’s value.
Received by Bank
Received by third party
  • Received by Bank = an amount of the fee whose recipient has been the Bank.
  • Received by third party = an amount of the fee whose recipient has been a third party, e.g. a fund manager or issuer of a security.
Percentage of the portfolio value
  • Ratio of the amount of the fee to the total value of investments held on the securities account as of 31 December of previous calendar year.
Regulatory classification
  • Service = the relevant type of fee has been associated with the provision of an investment service (e.g. holding of the securities on the securities account, intermediating the purchase/sale of securities).
  • Product = the relevant type of fee has been associated with a particular financial instrument, product (e.g. a management fee of a mutual fund).

 

Should you find any information unclear, do not hesitate to contact your banker or you can contact our infoline at +420 221 210 031.

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