Amendment to the GENERAL LIST OF PRICES AND SERVICES



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Transcription:

Amendment to the GENERAL LIST OF PRICES AND SERVICES

September 2015 Capital Markets Brokerage valid from 01.03.2016 for customers from the Asian Region as defined below General information about the bank I. Bank name and address Varengold Bank AG Grosse Elbstrasse 27 22767 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, 53117 Bonn BaFin registration number 109520/100 IV. Entry in the commercial register Amtsgericht Hamburg, HRB 73684 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

A. A. Additional fee for services for Capital Markets Brokerage B. customers* Fee 1. The fees are valid for customers from the following countries: China, Mongolia, South Korea, Vietnam, Burma, Laos, Taiwan, Cambodia and Japan 2. Deviated costs which are not covered by the General List of Prices and Services in point C will be charged additionally and deviant for customers as mentioned in point 1 above: Account Fee (monthly) 75.00 USD MT4 Server Fee (monthly) 350.00 USD Forex Activation Fee (monthly) 300.00 USD CFD Activation Fee (monthly) 300.00 USD Pats Platform J-Trader Gold Version (monthly) 150.00 USD Varengold CFD Trader Platform (Level 2) (monthly) 49.00 USD Page 3

B. Exchange rates (valid for paragraph A 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 (www.varengold.de/de/informatives/infodownload/devisenkurse). 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. C. Other fees (valid for paragraph A of this document) Tolerated overdraft interest rate 13.50 % p.a. * 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. Page 4

D. Deposit Protection C. C. fees (valid for paragraph A of this document) 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: www.edb-banken.de Page 5