Investing in securities
Share and ETF trading commissions:
American Stock Exchange, NASDAQ, NASDAQ (Small Cap), New York Stock Exchange, New York Stock Exchange (ARCA), when value of one share is below 10 USD 0.015 USD per share (min. 14 USD)
American Stock Exchange, NASDAQ, NASDAQ (Small Cap), New York Stock Exchange, New York Stock Exchange (ARCA) when value of one share is above 10 USD0.018 USD per share (min. 14 USD)
Euronext Amsterdam, Euronext Brussels, Euronext Paris, BME Spanish Exchanges, Vienna Stock Exchange, Deutsche BORSE (XETRA), NASDAQ OMX Helsinki, Euronext Lisbon, Borsa Italiana/Milan Stock Exchange0.1% of Trade amount (min. €10)
Deutsche Borse Frankfurt Floor0.35% of Trade amount (min. €60)
NASDAQ OMX Copenhagen, NASDAQ OMX Copenhagen (First North)0.1% of Trade amount (min. 29 DKK)
London Stock Exchange (IOB) 0.1% of Trade amount (min. 14 USD)
London Stock Exchange 0.1% of Trade amount (min. 7 GBP)
OTC Markets group (Pink Sheets), OTC Bulletin Board, when Trade amount is below 50'000 USD25 USD
OTC Markets group (Pink Sheets), OTC Bulletin Board, when Trade amount is above 50'000 USD0.15% of Trade amount (min. 25 USD)
Oslo Stock Exchange 0.1% of Trade amount (min. 62 NOK)
NASDAQ OMX Stockholm, NASDAQ OMX Stockholm (First North)0.1% of Trade amount (min. 62 SEK)
SIX Swiss Exchange, SIX Swiss Exchange (Bluechip)0.1% of Trade amount (min. 15 CHF)
Hong Kong Exchange 0.15% of Trade amount (min. 140 HKD)
Purchasing and selling stocks/ETF in internet bank0.5% of Trade amount (min. €50 / min. 65 USD)
Purchasing and selling equities at stock exchanges of the Baltic states0.19% of Trade amount (min. €1.50)
Mutual funds trading commissions: (1)
Investing in mutual funds in Luminor Investor1% of Trade amount
Investing in mutual funds in Luminor internet bank1% of Trade amount (min. €15 / USD 20)
Investing in Nordea Asset Management mutual funds in Luminor Internet bank1% of Trade amount (min. €1 / 1.30 USD)
Debt securities trading commissions:
Investing in debt securities in Luminor Investor0.2% of Trade amount, min. €15
Investing in debt securities in internet bankUp to 2% of Sale price, min. €50
Sale of index linked bond in secondary market (fee is included into bond price)0.2% from Sale price
Other fees:
Fee for U.S. source income reporting to IRS (2)90 USD

(1) Luminor Bank AS Lithuanian Branch receives inducements (commission) from investments fund managers for the distribution of investment fund units to the clients. The rates of commission received differ by investment fund. For further information on the inducements received and paid by Luminor Bank AS please refer to the document „General Information on Inducements“ available on the website of the Bank.
(2) The detailed information on the Annual withholding tax on income earned in USA, can be found here.

Ex-ante information on costs and charges.

More information about Investment services can be found here.

Securities account quarterly maintenance fee
Securities with ISIN code starting with EE, LV, LT: 0.02% of the value of securities (min. €1)
Securities with ISIN codes starting with US, GB, IE, DE, AT, FR, ES, BE, NL, LU, FI, NO, SE, DK, EU:0.04% of the value of securities (min. €1.50)
Securities with ISIN code starting with XS:0.03% of the value of securities (min. €1.50)
Other securities0.1% of the value of securities (min. €1.50)
Index linked bondsFree
Nordea investment funds0.04% of the value of securities (min. €1.50)
Monthly custody fee for securities in Luminor Investor and Luminor Trade (1)0.01% of the total account value

(1) Custody fee is calculated separately for equities, bonds and mutual funds. €0.50 per month minimum fee is applied for mutual funds asset class. No minimum fee is applied for equities and bonds.
The custody fee will be calculated daily using the end of day portfolio values and charged on a monthly basis (excluding VAT where applicable). For any currency conversions to EUR, our partner SAXO bank uses market spot exchange rate adding 0.5% margin on top. A spot exchange rate is the current price level in the market to directly exchange one currency for another, for delivery on the earliest possible value date which is provided by most Electronic Communication Network (ECN) brokers (e.g. Reuters).

Custody fee is calculated and debited in 15 business days after the quarter end. Custody fee is calculated as a percentage of the nominal value for debt securities and derivatives, as a percentage of the market value for equities and ETFs, as a percentage of the net asset value for other investment funds. More information on calculation of the custody fee for transferable securities is available here.

More information about Investment services can be found here.

Securities transfers
Delivery-versus-payment transfer:
When transaction is made with Luminor Bank AS Lithuanian Branch€15
When transaction is made with other persons on securities registered in the Baltic states€15
When transaction is made with other persons on securities registered in other countries€30
Free-of-payment transfer (outgoing): (1)
Securities registered in the Baltic states€15
Securities registered in other countries€30
Free-of-payment transfer (incoming):
Securities registered in the Baltic statesFree
Securities registered in other countries€20
Securities transfers to / from Luminor Investor platform:
Security transfer from other bank/ broker to Luminor InvestorFree
Security transfer from Luminor Investor to other bank/ broker€30 per ISIN

(1) Including a transfer of securities from the financial instruments account of one client to the financial instruments account of another client within bank executed as a result of donation, purchase and sale, exchange of securities (applied to each counterparty), etc. Fee charged per securities issue.

More information about Investment services can be found here.

Other securities related services
Transfer of securities from the financial instruments account of one client to the financial instruments account of another client within bank executed as a result of inheritance€5
Pledge, substitution and release of collateral securities€15
Delivery of statement (notice) by mail€10
Administration fee for financial instruments owner‘s account opened in central depository NASDAQ CSD SE€100 per month
Issuing documents which allow customer to participate in AGM/EGM€20 + external costs
Instructing custodian banks about voluntary corporate actions based on customer instruction€20 + external costs
Other services related to corporate actions As individually agreed
W-8BEN form processing and certification for US market access in Luminor Investor and Luminor Trade platforms35 USD or €30
Transfer of securities from one client account to another client account in Luminor Investor and Luminor Trade platforms in case of inheritance and endowment.10 USD per ISIN
Acquisition price correction in Luminor Investor and Luminor Trade platforms10 USD per ISIN
Interest for negative cash account balance in Luminor Investor and Luminor Trade platforms8% per annum (1)
Subscription for real time data in Luminor Investor and Luminor Trade platformsPrices available in the platform

(1) Interest on the negative Luminor Investor and Luminor Trade cash account balance is calculated at the rate of the current interbank ask rate, plus fixed additional interest rate of 8%. Interest is deducted at the beginning of the month for the days of the previous month when account had a negative cash balance.

More information about Investment services can be found here.