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REVIEW OF CSCS PRODUCT/SERVICE CHARGES EFFECTIVE JANUARY 1, 2014

SN
PRODUCTS
NEW RATE(=N=)
REMARKS
1.
Stock Position (Hard Copy) (no logo)
=N=100 per A/c
 
2.
Statement with CSCS Logo
=N=200 per A/c
 
3.
Statement with CSCS Logo (collateral A/c)
=N=500 per A/c on lien
 
4.
Transaction Listing
=N=100 per stock
 
5.
Daily Trade (Hard Copy)
=N=100 per trading day
 
6.
Daily Trade (Soft Copy) via Data Exchange
=N=200 per day
 
7.
Account Database
=N=5,000 per House
 
8.
Stock Balances (Text format) soft copy
=N=10 per KB
 
9.
Certificate Deposit/E-Lodgement Report
=N=10 per KB
 
10
Share Certificate Withdrawal
N100 per security
 
11.
Certificate Request
=N=500 per request/stock
 
12.
Website for  Participants
=N=50,000 per annum
 
13.
All Clients Accounts on each Symbol
=N=100 per symbol/per page
 
14.
Bank Net position each day
=N=200 per day
 
     
 

SPECIAL ACCOUNTS

 
15.
CREATION
RENEWAL
16.
 Individual
=N=5,000
 N 5,000 annually
17.
Family
=N=10,000
 N 10,000 annually
18.
Corporate
=N=10,000
 N 10,000 annually
19.
Custodian Code Creation
=N=50,000
 N 50,000 annually
20.
Margin/Custody Code Creation
=N=50,000
 N 50,000 annually
21.
Broker Code Creation (NSE)
=N=100,000
 
22.
Broker Code Creation (NASD)
=N=100,000
 
23.
Primary Dealer/Market Maker Creation
=N= 50,000
 
24.
Creation of Custodian Segregation main & trading account
=N= 25,000
 
25.
GDR Transfer
N500 per detachment (inter). Free within Custodian (intra).
 
26.
Redistribution of shares
=N=200 per detachment
 
27.
Linking & De-linking of Custodian trading
N500 per Linking / De-linking of stockbroking firm
 
28.
Mutual fund/ETF
=N= 100,000
 
29.
Reconstruction of symbol / security
=N= 100,000
 
30.
Symbol Creation/Conversion/Change
=N= 100,000
 
31.
Merger of Creditor membership code
=N= 10,000 + N100 per account
 
 
 
 

LIEN CHARGES ARE AS FOLLOWS

 
 
(a) Equity
0.25% of total value of security
 
 
(b) Bond
0.02% of total security value
 
 
(c) Renewal of Existing lien
20% of initial fee (0.25% & 0.02%)
 Annually
 
 (d) Creditor eligibility member code - lien
N25,000 annually
 Annually
     

ONLINE ACCESS SUBSCRIPTION

 
34.
Margin Account (Per Trading/Main Account)
=N=5,000 annually
 
35.
Special Account - Custodian

=N=50,000

 
36.
Primary Dealer/Market Maker
=N=50,000
 
37.
Stockbroking firms
=N=50,000
 
38.
Special Account - Corporate/Family
=N=5,000
 
39.
Special Account - Individual
=N=2,500
 
40.
Corporate Investor
=N=5,000
 
41.
Individual Investor
=N=2,500
 
Stockbroking - NASD (Portfolio View)
=N=20,000
 
E-Bonus - (Stock Brokers/Custodians)
=N=50,000
 
 

TRANSACTION FEE

 
42.
CSCS fee NSE
0.3% on Sales
 
43.
CSCS Fee NASD
0.2% on sales
 
44.
Nominal Transfer
0.3% of total security value
 
 
45.

OTHER FEES INCLUDE

 
46.
Settlement Bank Participation Fee
N10m
 
47.
Settlement Banks participation fee (renewal)
N250, 000 annually.(N1,000,000 wef 2015)
 Annually
48.
Stockbroking firms eligibility fee(NSE)
Stockbroking firms eligibility fee(NASD)
N25, 000 (inclusive of VAT)
N15, 000 (inclusive of VAT)
 Annually
49.
Quoted Companies depository fees
0.0125% of Market Capitalization on the first trading day in December of every year for succeeding year's fee
Initial depository fee is at the same rate upon acceptance into the depository

LEI SUBSCRIPTION FEE

 
SUBSCRITION FEE
RENEWAL FEE
Legal Entity Identifier
N25,000.00
N12,500.00

 

 

FIXED INCOME OPERATIONS FEE STUCTURE

 
 
Member Categories
Account Opening
Renewal(N)
 
Primary Dealer Market Maker (PDMM)
=N=100,000.00
=N=100,000.00
Non - PDMM
=N=25,000
 =N=25,000
1. Registration
PFA/Custodian/Asset Managers
=N=25,000( per account)
 =N=75,000
Commercial Papers (CP) Dealer/IPA
=N=50,000
 =N=50,000
.
CP - Sub account opening by IPA/Dealers
N100.00
 Nil
 
Issuer Categories
Eligibility
Annual
 
FGN Bonds
N10 million
 Yes
State & Corporate Bonds
0.0125% of Amount Issued (AI)
 Nil
2. Eligibility
Commercial Papers (CP):
 
 
AI ≥ 100,000,000.00
=N=250,000
 
AI < 100,000,000.00
0.25% of AI
 
Security types
Fees
Parties to be Charged
 
FGN Bonds
N1.00 per million of face value plus N10.00 per transaction (netting)
 Seller & Buyer
 
State & Corporate Bonds
N10.00 per million of face value
 Seller & Buyer
 
AMCON Bonds
N5.00 per million of face value
 Seller & Buyer
3. OTC Transaction
Treasury Bills
N250.00 per transaction
 Seller & Buyer
 
Commercial Papers
N500.00 per transaction
 Seller & Buyer
 
Local Contractor Bonds
N1,000.00 per transaction
 Seller & Buyer
 
Open Buy Back (OBB)
N1.00 per million of face value
Transferor & Transferee
 
FGN Bond Auction transfer, CBN SLF & Repo
N1.00 per million of face value
 Transferor
 
State & Corporate Bonds Auction Transfer
N500.00 per transfer
 Transferor
4. ATS
FGN, State & Corporate Bonds
N1.00 per million of face value
 Seller & Buyer
       

 

Fees are receivable into the following bank accounts:

 

1.         Guaranty Trust Bank Plc   -   0002925874

2.         UBA Plc     -    1006864216

3.         First Bank of Nigeria Plc   -   2023148006
 

 

For further enquiry, please contact cscs at info@cscsnigeriaplc.com