Ref. No. 47-20/8794 dated 18 December 2017
Attn.: NSD's Clients
Please be advised that, in accordance with NSD's Supervisory Board's resolution dated 20 July 2017 to approve the amended and restated Fee Schedule for NSD’s Services that Involve the Execution of Transactions with Securities with Respect to Which NSD Holds a CSD Nominee Account, or with Respect to Which NSD Provides Services for Mandatory Centralized Safekeeping of Securities, and NSD's Supervisory Board's resolution dated 31 October 2017 to approve the amended and restated Fee Schedule for NSD's Depository Services (the "CSD Fee Schedule" and the "Fee Schedule", respectively), and in accordance with Order No. 234 dated 18 December 2017, the amended and restated CSD Fee Schedule and Fee Schedule have been approved and will take effect on 1 January 2018.
The amendments made to the Fee Schedule are as follows:
- The fees payable for withholding agent services when paying income on foreign securities subject to Article 3 and Article 4 of the Internal Revenue Code of the United States (paragraphs 3.3.1.1 - 3.3.1.3 of the Fee Schedule) have been reduced;
- As a result of the launch of the new service that allows holding a client's securities in an individual account held by NSD with Euroclear Bank SA/NV, paragraph 3.3.2.1 has been added which sets out the fee to be charged by NSD for the maintenance of such individual account; and
- A fee has been introduced for the preparation of statements/reports and provision of information in hard copy, upon a client's request, for third parties (paragraph 2.2.4.5).
The CSD Fee Schedule and the Fee Schedule are available on NSD's web site in the following sections: "About NSD / Information Disclosure / Internal Regulations" and "Fees / Fee Schedule", respectively.
In case of any question related to this communication, you may contact your account managers at: +7 495 956-27-90 or +7 495 956-27-91.