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Securities Account

Securities Account

  • An opportunity to buy and sell SEB fund certificates independently, by using internet bank
  • Put your free money in securities with different levels of risk and return

The securities account is used to hold securities and engage in securities transactions. Together with SEB bank, you can implement your investment plans and buy various investment fund certificates, as well as securities of other type, such as stocks and bonds.

Having a securities account opens broad possibilities for implementing your investment plans:

  • Buy and sell SEB fund certificates independently, by using internet bank
  • Freely engage in any securities purchase and sale transactions with the help of the bank's specialists
  • Put your free money in securities with different levels of risk and return
  • Hold any global securities in circulation in your securities account
  • Transfer or receive securities from third parties, i.e., from other individuals or companies
  • Receive easily securities account statements about all transactions carried out by you, as well as information about the overall position of your portfolio
  • Deregister, i.e., receive the stocks acquired as a result of the privatisation of the company in your securities account and engage in transactions with these securities.

Information on different levels of securities segregation and their protection

Services Fees
In Internet bank At the Bank's branch

Opening of a securities account

Opening of an intrabank securities account Free of charge 4.50 EUR 
Securities account opening in Central Securities depository 5.00 EUR 10.00 EUR

Transactions with securities listed in Latvia

Securities transfer from Initial Register (Deregistration of securities) 4.50 EUR
Securities transfer back to Initial Register 4.50 EUR
Free of payment (FOP) financial instrument delivery 7.00 EUR
Free of payment (FOP) financial instrument  delivery within SEB bank 2.00 EUR
Receive/delivery versus payment (DVP) 7.00 EUR
Receive/delivery versus payment (DVP) in non EUR currency 50.00 EUR
Receipt of securities Free of charge
Transfer of securities to shareholders' register of insolvent companies 4.50 EUR
Revocation of a securities transaction By agreement

Transactions with foreign securities

Free of payment (FOP) receipt/delivery and receive/delivery versus payment (DVP) for securities registered in Estonia and Lithuania 7.00 EUR
Free of payment (FOP) receipt/delivery and receive/delivery versus payment (DVP) of other securities 21.00 EUR
Free of payment (FOP) delivery within SEB bank 2.00 EUR
Revocation of a securities transaction By agreement
Processing of securities-related optional events 35.00 EUR

Securities holder's meetings

Blocking of securities for a securities holder’s meeting 2.00 EUR
Representation of a client at the securities holder’s meeting By agreement,
min 215.00 EUR

Securities account custody fee1

Monthly fee for debt securities of the Latvian Government 0,0025%, min 1.00 EUR
Monthly fee for other Latvian debt securities 0,0055%, min 1.00 EUR
Monthly fee for Latvian shares and investment fund units 0,0150%, min 1.00 EUR
Monthly fee for Estonian and Lithuanian securities 0,0150%, min 1.00 EUR
Monthly fee for debt securities registered in Euroclear/Clearstream system or in the USA 0,0100%, min 1.00 EUR
Monthly fee for securities stored in Swedish, Danish, Norwegian, Finnish, Austrian, British, Irish, German, Spanish, Italian, Swiss, French, Dutch, Belgian, Greek and Portuguese depositories 0,0150%, min 1.00 EUR
Monthly fee for securities stored in Polish, Hong Kong, Canadian, Japanese, Australian, Singaporean and the South African depositories 0,0200%, min 1.00 EUR
Monthly fee for securities stored in Bulgarian, Czech, Croatian, Kazakhstan and Hungarian depositories 0,0250%, min 1.00 EUR
Monthly fee for stocks of Russian companies for trading in the Russian Trading System 0,0750%, min 1.00 EUR
Monthly fee for securities stored in Bosnian, Rumanian, Serbian, Slovakian and Slovenian depositories 0,1000%, min 1.00 EUR
Monthly fee for the USA stocks 0,0150%, min 1.00 EUR
Monthly fee for storage of ADR/GDR 0,0250%, min 1.00 EUR
Monthly fee for securities stored in other foreign depositories By agreement
Monthly fee for storage of foreign investment fund units 0,0150%, min 1.00 EUR
Monthly fee for storage of SEB mutual fund units, distributed by SEB bank 0,0050%
Monthly fee for account with no balance, and account with exclusively such Latvian securities the issuer of which is in insolvency, rehabilitation, bankruptcy or liquidation 1.00 EUR

Commission for transactions with SEB mutual funds2, 3

Subscription and regular subscription of mutual fund units:
   •  Price group 3 (equity and alternative funds) 0,75% 0,75%
   •  Price group 2 (bond, conservative, balanced and active strategy funds) 0,5% 0,5%
   •  Price group 1 (money market and short bond funds) 0% 0%
Redemption of SEB mutual fund units (for all SEB funds) Free of charge  Free of charge 
Switch Free of charge Free of charge

Minimum amount for subscription and switch of SEB mutual fund units

  1.00 EUR or equivalent in another currency

Preparing account statements

Balance report for securities account Free of charge 4.00 EUR
Operation report for securities account Free of charge 4.00 EUR

Brokerage fees in the stock exchanges of the following countries4, 5, 6

Services Order has been submitted to the Internet bank Order has been submitted to a branch / to SEB bank`s brokers
Baltic shares 0,30%, min 3.00 EUR 0,50%, min 5.00 EUR
USA shares if a share price is less than 5 USD 0.02 USD for each share,
min 15.00 EUR
0.03 USD for each share,
min 35.00 EUR
USA shares if a share price is more than 5 USD 0,30%, min 15.00 EUR 0,50%, min 35.00 EUR
Scandinavian shares 0,30%, min 15.00 EUR 0,50%, min 35.00 EUR
German, French, Belgian, Dutch, Swiss, British, Spanish, Portuguese, Canadian shares 0,30%, min 40.00 EUR 0,50%, min 50.00 EUR
Latvian debt securities auction 0,1% of the amount, min 10.00 EUR
Eurobonds 0,1% of the amount, min 50.00 EUR
Other securities By agreement
Penalty for delayed settlements 0.3% per each day from the full amount of transaction

 

SEB Bank is entitled to withhold state fees or similar payments and other third parties' commission fees.

 


 

1 Commission is calculated according to the market value of securities or face value at the end of the month, and it is set in the equivalent of EUR according to the currency exchange accounting rates set by the European Central Bank (or if necessary by the rates of the respective national central bank). A minimal fee is applied for securities stored in each country separately.

2 Regular payment orders or operations in Internet bank are possible only for those funds that are publicly distributed by SEB and indicated in SEB bank's home page.

3 The maximum allowed subscription fee is indicated in prospectus regulating SEB mutual funds. In cases when maximum allowed subscription fee indicated in the prospectus exceeds the fee indicated in the pricelist, the smallest fee will be applied.

4 Commission is charged in the currency or its equivalent in another currency according to the pricelist of SEB bank for an executed or partially executed transaction and it is calculated in accordance with the currency exchange rate set by SEB bank.

5 To apply a transaction to SEB bank’s brokers, the “Agreement on execution of financial instrument transactions” must be concluded.

6 Third-party commission fees may apply to securities purchase and/or sale transactions.

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