OREANDA-NEWS. July 24, 2013. Swedbank AS will charge no maintenance fee for securities of Lithuanian companies under liquidation.

Please be kindly informed that as of July 2013 Swedbank AS will charge no maintenance fee for securities of Lithuanian companies currently under liquidation or in bankrupt the maintenance of which is not charged by the Central Securities Depository of Lithuania. Changes will be reflected on the cash account linked with securities account in August 2013.
 
Impact on Clients: No maintenance fee of securities account will be charged if client holds only securities of Lithuanian companies under liquidation or in bankruptcy.

Please note:
No maintenance fee of securities account will be charged if client only holds securities of Lithuanian companies under liquidation or in bankrupt, i.e. there are no other Lithuanian and/ or other foreign companies’ securities on client’s securities account. After cancelling those securities in Central Securities Depository of Lithuania maintenance fee of empty securities account will be applied according to effective Swedbank AS price list for transactions in securities.

If client holds in addition to securities of Lithuanian companies under liquidation or in bankrupt other Lithuanian and/or foreign securities maintenance fee of securities account will be applied for those securities according to effective Swedbank AS price list for transactions in securities.