Other Prices and Services

The other prices and services below are taken from the list of prices and services of biw AG, the custodian and account credit institution for clients acquired through ViTrade AG. All other current terms and conditions can be found in the biw AG list of prices and services.

Annual tax certificate or annual securities account statement	free of charge
Certificate of loss (on request)	free of charge
Schedule of income (on request)	20.00 EUR (plus 19% VAT)
Corporate actions (domestic)	free of charge
Redemption of securities matured (tranches in the securities account)	free of charge
Transferring securities from other banks	free of charge
Transferring securities to other banks	free of charge **
Lending fee via Clearstream Banking Frankfurt (other lender on request)	50.00 EUR (ticket-fee) plus a class specific %-rate on the market value at the issuance of a securities lending ***
All forms of preemptive rights, fractional shares, settlement of fractional amounts	Order fee
Acquisition of primary shares	Order fee
Corporate actions abroad (e.g. dividends, stock split, stock dividends, spin-offs). The fee does not apply if the value per dividend payment is less than the equivalent of 15.00 EUR.	8.00 EUR *
Book transfer of type of security custody per class (for Cross-Border-Arbitrage at the Buy and Hold Trading)	99.95 EUR (including 19% VAT)
Copies	24.95 EUR per copy
Standard EU transfers to other countries (up to 50,000 EUR with complete IBAN/BIC), domestic transfers in EUR and transfers to the reference account.	free of charge *
Other foreign transfers, domestic transfers in foreign currency (incoming and outgoing payments)	19.95 EUR *
Priority 1 domestic transfers	24.95 EUR *
Cancellations of transfers	24.95 EUR *
Warning fees (from 2nd warning)	49.95 EUR *
Ticket service for annual stockholders meetings	29.70 EUR (including 19% VAT) per ticket
Securities orders by telephone	14.95 EUR + Order fee
Sending paper copies	5.00 EUR per envelope/parcel
Finding addresses	24.95 EUR * per address
Cash transfers by post, fax or telephone	2.95 EUR *
Buy-in	50.00 EUR * + Order fee
Holding overnight-short-selling-positions from general meeting next day	50.00 EUR (plus 19% VAT)
Holding overnight-short-selling-positions (also when collateralised by securities lending)	15.00 EUR per class and German trading day
Exercise of securities voting rights	9.95 EUR
Attachment of the account/securities account (including at customer's request)	50.00 EUR (including 19% VAT)
Distribution of a new iTANCard as of a failure, loss or card is not deliverable (in case the bank is not responsible)	5.00 EUR (including 19% VAT)
Issuance of an instruction after instruction close as per bank receipt	200.00 EUR
Other services	on the basis of costs incurred

*	Plus any third party costs
**	Plus external charges of 3.00 EUR per item
***	The commission rate depends on market supply and demand

Out-of-court settlement of disputes/Ombudsman proceedings

The customer has the option of appealing to the private bank ombudsman to settle disputes with the bank. Excepting his or her own expenses, the ombudsman procedure is free of charge for the customer lodging the complaint. Further details are set out in the „Verfahrensordnung für die Schlichtung von Kundenbeschwerden im deutschen Bankgewerbe“ ("Code of Procedure of the German Banking Industry for the Purpose of Customer Complaints Mediation") which is available on request. Complaints must be made in writing and sent to the "Kundenbeschwerdestelle" ("Customer Complaints Department") at: Bundesverband deutscher Banken, Postfach 040307, 10062 Berlin.

Other custodian fees

Your attention is drawn to the fact that third party charges may be due for certain investments (for example depositary service fees for any ADR and/or GDR held). Please ensure you are aware of all charges before choosing a specific investment.

Exchange rate for foreign currency transactions

When converting EUR to foreign currencies or vice versa for customer transactions in foreign currencies, the bank charges for the purchase and sale of foreign currencies at the bid or ask price it calculates for interbank trading plus spread and any third party costs.

Expenses and incidental costs

The customer bears all expenses and incidental costs arising in connection with the business relationship (e.g. postage, taxes, commissions) which are not included in the above charges. In the absence of any agreement to the contrary, statutory regulations shall apply to services provided by the bank on behalf of the customer or in his best interests which are not included in the list of prices and services and which can only reasonably be expected in return for payment.

Investment units - After-hours trading

For mutual fund orders which we receive by ca. 75 minutes before cut-off time of the respective investment company we shall make every effort to forward them on the same day. Dependent from the settlement the mentioned handling time can be shortened on up to ca. 45 minutes. Orders which were entered after 6 pm shall be forwarded to the investment company the next day. Please note that orders which are not entered electronically and are received in hardcopy form utilize an extended handling time. Regularly the execution of a mutual fund order will be confirmed by the investment company the next day and then settled by the biw AG with the price delivered by the investment company. The price fixing is based on the commercial usage of the investment company (e.g. only one price fixing per week). Therefore regularly the settlement date will not accord with the order date. A same-day order transmission to the investment company is not warranted by biw AG.

Calculation of settlement price:
Purchase orders are executed at the issue price (repurchase price + initial charge) valid on the day of settlement. For sales orders the settlement takes place at the repurchase price.

You will find the scale of the standard initial charge in the legally binding mutual fund prospectus which you can request either from the bank directly or from the issuing investment company.

Investment units - Exchange trading

The exchange traded funds are traded continuously on both XETRA® and on the various trading floors. Orders placed through the stock exchange incur the standard fees and commissions. Orders must be placed with a stock market on which the fund is listed. We shall cancel orders with invalid stock exchanges. The standard fees for exchange traded securities will be charged.

Different pricing

Customers can check the valid list of prices on the ViTrade AG website at www.vitrade.de. Should customers use upstream services provided by a third party, the individual provisions set out in the price list of the agent/asset manager in question may apply.