JSE and JCSD – Adjustment to fees

Posted: December 31, 2003 at 12:00 am

The Jamaica Stock Exchange (JSE) and the Jamaica Central Securities Depository (JCSD) wish to advise the investing public and all shareholders that effective January 1, 2004 the JCSD’s user fees will be as follows:

1. Equity Transaction Fees

(i) Deposit Fees – $55 ( for the first 10 certificates per deposit/per company) plus $60 for each additional 5 certificates.

(ii) Deposit Reject – $60

2. Trade (Transfer) Fee

(i) Settled Buy/Sell (per trade) trades with a value of up to $5 million – $110

(ii) Settled Buy/Sell (Per trade) trades with a value of over $5 million – $10 million – $220

(iii) Settled Buy/Sell (Per trade) trades with a value of $10 million and over – $400

3. Withdrawal Fees (i) Registered Securities – $300

4. Pledge Fees

(i) Pledges with a value of up to $400,000 (a minimum fee of $500)- $500

(ii) Pledges with a value of over $400,000 (the higher of $1,000 or the ad valorum fee of 1/5 of 1% (0.002) of the value)- $1000

(iii) Release of pledge- $500.

 

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