OREANDA-NEWS. On 1 February 2015, changes in the rates and charges of brokerage services and financing against pledge of investment portfolio come into effect, and on 1 April 2015 changes in the rates and charges of payments and current account will be implemented.

Brokerage services and financing against pledge of investment portfolio

Main changes in the rates and charges "Brokerage services" and "Financing Against Pledge of Investment Portfolio" that come into effect on 1 February 2015:

In the rates and charges on brokerage services, the fee for issuing investment certificates of the new fund ABLV Multi-Asset Total Return USD Fund has been added.

In the rates and charges on financing against pledge of investment portfolio, the financing provisions concerning the abovementioned fund managed by ABLV Asset Management, IPAS, have been included.

In addition, from 1 February 2015, we decrease the company's management fee for the subfunds ABLV Global USD Stock Index Fund and ABLV Global EUR Stock Index Fund from 2.00% to 1.50% (p.a.).

Payments and current account

On 1 April 2015, changes in the rates and charges "Payments and Currency Exchange" and "Current Account" will come into effect and will include the following main changes.

For all customers:

We decrease the fee for intrabank payments in all currencies to EUR 1.5, except intrabank payments in USD, to which the fee of EUR 5 will be applied.

We decrease the fees for outgoing payments as follows:

standard payment in AUD, CAD, CHF, CNY, CZK, DKK, GBP, ILS, JPY, NOK, SEK, SGD - 15 EUR;

urgent payment in CHF, GBP, PLN - 30 EUR.

Changes in payment cut-off times:

We extend the cut-off time for urgent payments in CHF, PLN till 14:00;

We extend the cut-off time for urgent payments in GBP till 16:15.

For foreign legal entities:

We decrease the fee for outgoing payments in EUR within the EEA, provided the payment amount does not exceed EUR 10 000. The new fees will be as follows:

standard payment - 10 EUR;

urgent payment - 20 EUR.

We will apply the following fees to payments in USD if the beneficiary bank is in Turkey, United Arab Emirates, Switzerland, Estonia, or Cyprus:

standard payment - 100 USD;

urgent payment - 125 USD;

express payment - 150 USD.

The fee for current account maintenance will be equal to 50 EUR per month.