The settlement of payment requests will be executed on the specified target day.

Transcription

1 GENERAL LIST OF PRICES AND SERVICES September 2015

2 General information about the bank I. Bank name and address Varengold Bank AG Grosse Elbstrasse Hamburg Also referred to as "Varengold" or "bank" in the text below II. Communication with the bank The bank will inform you separately of the relevant address for the business relationship or other bank communication addresses. III. Competent supervisory authority German Federal Financial Supervisory Authority (BaFin) Graurheindorfer Straße 108, Bonn BaFin registration number /100 IV. Entry in the commercial register Amtsgericht Hamburg, HRB V. Business days of the bank for payment transactions Business day is every bank business day. The bank undertakes all necessary operations to run the bank on said business days with the following exceptions: Saturday / Sunday 24 th and 31 st December Regional public holidays in Hamburg/Germany The settlement of payment requests will be executed on the specified target day. Page 2

3 A. Prices for services for cash accounts (standard business transactions with customers) Account opening fee (one-off initial payment) Account management fee (monthly) Account closure fee Account currency EUR / USD* EUR / USD* EUR / USD* in the first six months; otherwise free of charge EUR or USD Currency conversion executed via Varengold Treasury A Transaction of EUR will be charged for notional amounts of up 1 mln EUR or equivalent. A Transaction of 0.01% will be charged for notional amounts greater than 1 mln EUR or equivalent. (The base currency forms the basis for the calculation of the fees.)* 2 The account management fee includes the following services: Account management Monthly account balance / account statement (online) Access to Varengold Banking Service (24 hours) Transfers** Bank Transfers within the European Union / EEA participating states (SEPA EUR Transfers only)* 1 Internal Transfers (online) Transfer in EUR (SEPA) (online) Transfer in EUR (SEPA) (by fax or free text format)*** EUR International Transfers (non SEPA) Transfer in EUR (online) Transfer in foreign currencies (online) Transfer in EUR or foreign currencies (by fax or free text format)*** EUR / USD* EUR / USD* EUR / USD* Incoming payments only third-party costs For wire transfers in foreign currencies (except SEPA payments) the customer can choose between the following fee Splitting (not available for all currencies and target countries): - Share (standard): Sender and recipient pay the fees to their respective payment service provider** - Our: Sender covers all fees** - Beneficiary: Recipient covers all fees** Page 3

4 Interest rate for a positive balance (cash account) up to 2,499, EUR / USD* 0.00 % from 2,500, EUR / USD* agreed on an individual basis B. Prices for services for savings deposits / fixed-term deposits (for in Germany domiciled customers only) Account management fee (monthly) Account currency EUR The account management fee includes the following services: Account management Monthly account balance / account statement (online) Access to Varengold Banking Service (24 hours) C. Prices for services for standard business transactions with customers in Capital Markets Brokerage Varengold Bank AG combines CFD and Forex trading (OTC) under the brand name "Varengold Bank FX" in the Capital Markets Brokerage (CMB) business area. Account management fee (monthly) Account currency 4.95 EUR / USD* EUR or USD The account management fee (lump sum) will not be charged: from a trading volume of at least one executed trade (roundturn) per month The account management fee includes the following services: Account management Free provision of the trading platform MT4 for PC, Mac and mobile devices Monthly account balance / account statement (online) Access to myvarengold portal at (24 hours) Daily transmission / delivery of an electronic bank statement by (if activity in account on previous day) Transfers** Bank Transfers within the European Union / EEA participating states (SEPA EUR Transfers only)* 1 Internal Transfers (online) Transfer in EUR (SEPA) (online) Transfer in EUR (SEPA) (by fax or free text format)*** Transfer via Skrill / Paypal EUR 1.0% of the transaction volume Page 4

5 International Transfers (non SEPA) Transfer in EUR (online) Transfer in foreign currencies (online) Transfer in EUR or foreign currencies (by fax or free text format)*** Transfer via Skrill / Paypal EUR / USD* EUR / USD* EUR / USD* 1.0% of the transaction volume Incoming payments via Bank transfer only third-party costs via Credit card up to 5, EUR / USD per day - free of charge over 5, EUR / USD per day only third-party costs via Skrill up to 5, EUR / USD per day - free of charge over 5, USD per day 2.10 % plus 0.25 USD over 5.000,00 EUR per day 1.90 % plus 0.25 EUR via Paypal up to 5, EUR / USD per day - free of charge fees for deposits over 5, EUR / USD per day: fees for deposits in EU / EEA 1.20 % plus 0.35 EUR / USD fees for deposits outside EU / EEA 3.20 % plus 0.35 EUR / USD More information: D. Services** (valid for paragraphs A, B, C of this document) Sending of a SWIFT copy EUR / USD* + third-party costs Investigation and processing of official requests EUR / USD* + third-party costs Individual client requests By arrangement Cancellation of a transfer (payments can only be cancelled if they have not yet been executed) EUR / USD* + third-party costs Credit Confirmation EUR / USD* + third-party costs Second sending of account statements in electronic format (by or fax) EUR / USD* Sending of account statements in a printed format by post EUR / USD* Tax report in accordance with 43a passage 3 clause 4 EStG in electronic format (for download or transmission of PDF) Tax report in accordance with 43a passage 3 clause 4 EStG in a printed format by post Additional copies of account statements in printed format by post EUR / USD* Balance confirmation EUR / USD* Detailed balance confirmation EUR / USD* Determination of a new customer address (excluding any postal and / or third party charges) EUR / USD* Page 5

6 E. Exchange rates (valid for paragraphs A, B, C of this document) For customer transactions in a foreign currency (such as incoming and outgoing payments), the reference exchange rate used by the bank for the purchase and sale of foreign currencies is based, unless otherwise agreed, on the bid or ask price determined at 1 p.m. (Hamburg time) on each trading day (settlement date) and published on its website ( Purchases and sales of foreign currencies which cannot be executed by the bank during the normal course of business by the settlement date are settled by the bank at the exchange rate of the next settlement date. The bid or ask price calculation takes into account the settlement date in the international foreign exchange market for the respective exchange rates for each currency. If the customer issues a transfer order in a currency other than the account currency, the account is nevertheless charged in the account currency. The exchange rate is determined as described above. Any change in the reference exchange rate used in the conversion procedure becomes effective immediately and without prior notice to the customer. F. Other fees (valid for paragraphs A, B, C, of this document) Tolerated overdraft interest rate % p.a. * Depends on account currency ** Arising / additional costs which are not covered by this fee schedule and are in relation to a client`s request / order will be charged to the clients account. These additional costs could arise through additional efforts in executing a wire transfer, rejection of a client`s payment etc. *** The processing of non-online requests (paper, etc.) will be processed on the following business day. *1 European Union member state: Belgium, Bulgaria, Denmark, Estonia, Gibraltar, Greece, Great Britain, Finland, France (including the overseas departments of Guadeloupe, Martinique, Réunion and French Guiana), Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Poland, Portugal (including the Azores and Madeira), Romania, Sweden, Slovakia, Slovenia, Spain (including the Canary Islands, Ceuta and Melilla), Czech Republic, Hungary and Cyprus. A transfer to Iceland, Norway and Liechtenstein is also a SEPA payment. Execution of a SEPA payment requires a full IBAN and a BIC/SWIFT code. If this data are not fully available, costs in the amount of EUR are incurred because the transfer is executed as a cross-border payment *2 Depending on the account currency / conversion at day's exchange rate EUR / foreign currency For information on payments with electronic means of payment (credit card, PayPal, Moneybookers, etc.), please find the current fees at G. Deposit Protection As a German deposit credit institute, Varengold Bank AG is a member of the Compensation Scheme of German Banks (EdB). Through the legal deposit protection connected with this, customer deposits up to a total of 100,000 EUR per creditor are protected. The EdB is responsible for compensating the creditor for the non-returned deposits in the event of damage to a banking institute belonging to the EdB. The deposit protection includes primary savings and time deposits as well as savings bonds. Trading accounts (e.g. brokerage accounts for foreign exchange and CFD trading) are also protected completely (maximum of 100,000 EUR). In addition to the protection of capital deposits, the deposit protection also includes liabilities from securities transactions with the deposit credit institute amounting to 90% up to a maximum of 20,000 EUR counter-value. A claim for compensation can only be made in accordance with Article 4 para. 1, sentence 2 of the German Deposit Guarantee and Investor Compensation Act (EAEG) if the deposits are denominated in EUR or the currency of an EU member state. You can find more information at: Page 6