Equity trading
by Phonevia Internet bank
Equity trading in other markets**0.30% of the amount (min. EUR 15)0.30% of the amount (min. EUR 15)
Equity trading in USA0.30% of the amount (min. USD 40)0.30% of the amount (min. USD 40)

For trade and/or safekeeping of financial instruments (FI) you need to have a payment account with Luminor Bank AS. You can open a payment account separately. Information on charges and commission fee related to the opening and use of the payment account is available here.

**Other markets - Sweden, Denmark, Finland, Norway, Canada, UK, Ireland, Germany, France, Italy, Spain, Belgium, Netherlands, Austria, Switzerland, Australia, Hong Kong, Japan, Poland, Singapore.

Ex-ante information on costs and charges

Trading in debt securities in the secondary market
Fee
When Luminor Bank AS Lithuanian Branch acts as a counterparty0.20% of the transaction value multiplied by the maturity of debt securities in years, max. 2% of the transaction value, min. EUR 30
When Luminor Bank AS Lithuanian Branch deals with other financial counterparties0.20% of the transaction value multiplied by the maturity of debt securities in years, max. 2% of the transaction value, min. EUR 50

For trade and/or safekeeping of financial instruments (FI) you need to have a payment account with Luminor Bank AS Lithuanian Branch. You can open a payment account separately. Information on charges and commission fee related to the opening and use of the payment account is available here.

*from the nominal value is applied by Nordea Bank AB (publ) (this fee is included in the price).

Ex-ante information on costs and charges

Trading in index linked bonds
Fee
Sale in secondary market*0.20%

For trade and/or safekeeping of financial instruments (FI) you need to have a payment account with Luminor Bank AS Lithuanian Branch. You can open a payment account separately. Information on charges and commission fee related to the opening and use of the payment account is available here.

*From the nominal value is applied by Nordea Bank AB (publ) (this fee is included in the price).

Ex-ante information on costs and charges

Trading in exchange-traded funds (ETF)
Fee
Trading in exchange-traded funds (ETF)0.50% of the amount, min. EUR 35 or min. USD 40

For trade and/or safekeeping of financial instruments (FI) you need to have a payment account with Luminor Bank AS Lithuanian Branch. You can open a payment account separately. Information on charges and commission fee related to the opening and use of the payment account is available here.

The minimum investment amount is EUR 1,000 or equivalent in other currency.
*The minimum USD 40 commission fee is charged for an order denominated in USD.

Ex-ante information on costs and charges

Trading in other investment funds
Fee
Subscription and conversion of equity and mixed investment funds and regular investment fee0.8% of the amount*
Subscription and conversion of bond investment funds and regular investment fee0.40% of the amount*
Subscription of money market investment funds and regular investment fee0.20% of the amount*
Transaction fee for transfer (sale) of equity and mixed investment fund units0.8% of the amount*
Transaction fee for transfer (sale) of bond investment fund units0.40% of the amount*
Transaction fee for transfer (sale) of money market investment fund units (also for conversion)Free

For trade and/or safekeeping of financial instruments (FI) you need to have a payment account with Luminor Bank AS Lithuanian Branch. You can open a payment account separately. Information on charges and commission fee related to the opening and use of the payment account is available here.

Minimum invested amount – EUR 1,000 or an equivalent in other currencies.
Minimum invested amount for Nordea funds online – EUR 50 or an equivalent in other currencies.

Periodic investment is only possible with Nordea funds. Minimum amount – EUR 50. No minimal subscription fee is charged to periodic investments.
*A minimum commission fee of EUR 15 / USD 20 (in case the payment transfer is submitted in US dollars) is applied for subscription and also removal from account.

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 DNB Bankas please refer to the document „General Information on Inducements“ available on the website of the Bank at the address www.luminor.lt/mifid.

Ex-ante information on costs and charges

Quarterly custody fee
Fee
Securities with ISIN code starting with EE, LV, LT:0.02% of the amount (min. EUR 1)
Securities with ISIN codes starting with US, GB, IE, DE, AT, FR, ES, BE, NL, LU, NO, SE, DK, EU: 0.04% of the amount (min. EUR 1)
Securities with ISIN code starting with XS:0.025% of the amount (min. EUR 1)
Other securities 0.1% of the amount (min. EUR 1)
Index linked bondsFree
Nordea investment fundsFree

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.

Security transfers
Fee
Delivery-versus-payment transfer:
When transaction is made with Luminor Bank AS Lithuanian BranchEUR 15
When transaction is made with other persons on securities registered in the Baltic statesEUR 15
When transaction is made with other persons on securities registered in other countriesEUR 30
Free-of-payment transfer (outgoing)*:
Securities registered in the Baltic statesEUR 15
Securities registered in other countriesEUR 30
Free-of-payment transfer (incoming):
Securities registered in the Baltic statesfree of charge
Securities registered in other countriesEUR 20

*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.

Luminor Trade platform
Fee
Share and ETF trading commissions:
American Stock Exchange, when value of one share is below 10 USDUSD 0.015 per share, but not less than USD 14
American Stock Exchange, when value of one share is above 10 USDUSD 0.018 per share, but not less than USD 14
Euronext Amsterdam, Euronext Brussels0.1% of Trade amount, but not less than EUR 10
NASDAQ OMX Copenhagen, NASDAQ OMX Copenhagen (First North)0.1% of Trade amount, but not less than DKK 29
Deutsche BORSE (XETRA), NASDAQ OMX Helsinki, Euronext Lisbon, Borsa Italiana/Milan Stock Exchange0.1% of Trade amount, but not less than EUR 10
London Stock Exchange (IOB)0.1% of Trade amount, but not less than USD 14
London Stock Exchange0.1% of Trade amount, but not less than GBP 7
NASDAQ, NASDAQ (Small Cap), New York Stock Exchange, New York Stock Exchange (ARCA), when value of one share is below 10 USD0.015 USD per share, but not less than USD 14
NASDAQ, NASDAQ (Small Cap), New York Stock Exchange, New York Stock Exchange (ARCA), when value of one share is above 10 USDUSD 0.018 per share, but not less than USD14
OTC Markets group (Pink Sheets), OTC Bulletin Board, when Trade amount is below 50'000 USDUSD 25
OTC Markets group (Pink Sheets), OTC Bulletin Board, when Trade amount is above 50'000 USD0.15% of Trade amount, but not less than USD 25
Oslo Stock Exchange0.1% of Trade amount, but not less than NOK 62
Euronext Paris, BME Spanish Exchanges, Vienna Stock Exchange0.1% of Trade amount, but not less than EUR 10
NASDAQ OMX Stockholm, NASDAQ OMX Stockholm (First North)0.1% of Trade amount, but not less than SEK 62
SIX Swiss Exchange, SIX Swiss Exchange (Blue-chip)0.1% of Trade amount, but not less than CHF 15
Warsaw Stock Exchange0.3% of Trade amount, but not less than PLN 72
Hong Kong Exchange0.15% of Trade amount, but not less than HKD 140
Custody fees for stocks and ETFs*:
Stocks0.01% of the amount, min. EUR 0.50 per month
ETFs0.01% of the amount, min. EUR 0.50 per month
Exchange Data Subscription**Free of charge
Security transfer:
Security transfer from other bank/ broker to Luminor Trade PlatformFree of charge
Security transfer from Luminor Trade platform to other bank/ brokerEUR 30 per ISIN
Annual withholding tax on income earned in USA***USD 90
Tax Reclaim Service for Beneficial Owners****The fee is applied according to the "Tax reclaim Service for beneficial Owners" pricelist

*Valid from 2019-02-01.
**For clients who trade equities and subscribe to real time market data, Luminor Bank has introduced a refund scheme where fees are refunded. Read more about subscribing to Exchange Data Subscription.
***The detailed information on the Annual withholding tax on income eraned in USA, can be found by using this link: Detalus Metinio atskaitomybės mokesčio aprašymas: žr. čia.
****When you invest cross border, your investment income may be over-taxed before you receive it. Luminor Trade clients, who choose to use our partner's "Tax Reclaim Service for Beneficial Owners" services be able to reclaim some or all of this tax.


Discretionary portfolio management service
Fee
Cash transfer from Luminor Investor accountFree
Management fee***As agreed with the client (plus Value Added Tax (VAT))
Performance fee***As agreed with the client (plus Value Added Tax (VAT))
Share and ETF trading commissions:
American Stock Exchange, when value of one share is below 10 USDUSD 0.015 per share but not less than USD 14
American Stock Exchange, when value of one share is above 10 USDUSD 0.018 per share but not less than USD 14
Euronext Amsterdam, Euronext Brussels0.1% of Trade amount but not less than EUR 10
NASDAQ OMX Copenhagen, NASDAQ OMX Copenhagen (First North)0.1% of Trade amount but not less than DKK 29
Deutsche BORSE (XETRA), NASDAQ OMX Helsinki, Euronext Lisbon, Borsa Italiana/Milan Stock Exchange0.1% of Trade amount but not less than EUR 10
London Stock Exchange (IOB)0.1% of Trade amount but not less than USD 14
London Stock Exchange0.1% of Trade amount but not less than GBP 7
NASDAQ, NASDAQ (Small Cap), New York Stock Exchange, New York Stock Exchange (ARCA), when value of one share is below 10 USD0.015 USD per share but not less than USD 14
NASDAQ, NASDAQ (Small Cap), New York Stock Exchange, New York Stock Exchange (ARCA), when value of one share is above 10 USDUSD 0.018 per share but not less than USD 14
OTC Markets group (Pink Sheets), OTC Bulletin Board, when Trade amount is below 50 000 USDUSD 25
OTC Markets group (Pink Sheets), OTC Bulletin Board, when Trade amount is above 50 000 USD0.15% of Trade amount but not less than USD 25
Oslo Stock Exchange0.1% of Trade amount but not less than NOK 62
Euronext Paris, BME Spanish Exchanges, Vienna Stock Exchange0.1% of Trade amount but not less than EUR 10
NASDAQ OMX Stockholm, NASDAQ OMX Stockholm (First North)0.1% of Trade amount but not less than SEK 62
SIX Swiss Exchange, SIX Swiss Exchange (Blue-chip)0.1% of Trade amount but not less than CHF 15
Warsaw Stock Exchange0.3% of Trade amount but not less than PLN 72
Hong Kong Exchange0.15% of Trade amount but not less than HKD 140
Commission fee for investing in mutual funds0.25% of the trade amount
Investing in debt securities0.2% of the transaction value, but not less than EUR 15
Custody fee0.01% of the amount, but not less than EUR 0.50 per month
Other services:
Exchange Data Subscription*Free of charge
Security transfer from other bank/broker to Luminor InvestorFree of charge
Security transfer from Luminor Investor to other bank/ brokerEUR 30 per ISIN
Annual withholding tax on income earned in USA*USD 90
Tax Reclaim Service for Beneficial Owners**The fee is applied according to the "Tax reclaim Service for beneficial Owners" price list

*The detailed information on the Annual withholding tax on income earned in USA can be found by using this . link
**For clients who trade equities and subscribe to real time market data, Luminor Bank has introduced a refund scheme where fees are refunded.
***Agreed with the client on individual basis and stated in the agreement.

Other services
Fee
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 inheritanceEUR 5
Pledge, substitution and release of collateral securitiesEUR 15
Delivery of statement (notice) by mailEUR 10
Administration fee for financial instruments owner‘s account opened in central depository NASDAQ CSD SEEUR 100 per month
Issuing documents which allow customer to participate in AGM/EGMEUR 20.00 + external costs
Instructing custodian banks about voluntary corporate actions based on customer instructionEUR 20.00 + external costs
Other services related to corporate actionsas individually agreed