In order to facilitate cross-boarder securities trading in Europe, VP and the other European CSD's, stock exchanges and central counterparties have decided to publish their prices for a number of securities services.
VP’s prices are divided in Basic services and Other services. The Basic services include linking up to VP together with issuing, deposit and clearing of securities. The prices for linking cover VP’s costs of a customer’s link and the financial sector’s current investment in building up the infrastructure. The prices for issuing, deposit and clearing cover VP’s costs of necessary functions when issuing a security, trading and the connected payment handling and reporting to the market participants and local authorities.
The costs of extra services will be invoiced according to the price list OTHER SERVICES.
Calculations on basis of the table of fees are illustrated by three examples of different types of customers:
Following an agreement among ECSDA members concerning Price Transparency within the Code of Conduct a short description of a “Conversion Table” is attached below. The Conversion Table is intended as a help for users when comparing services and prices offered by European CSDs.
Investor Services
Product portfolio
Register of
shareholders
Guidelines - SWIFT
