Fees and Comissions

From

0.125 %

/Cash

Equity

€ 0.95

/Contract

Futures

0.65 %

/Contract

Options

0.10 %

/Cash

CFDs

Equity

EQUITY MARKETS BROKERAGE

PRICE

Telephonic or face-to-face

PRICE

Internet

INDICATIVE REFERENCE
% ON CASH MINIMUM BY OPERATION FIXED. MONTH % ON CASH MINIMUM BY OPERATION FIXED. MONTH % ON CASH MINIMUM BY OPERATION FIXED. MONTH

- In Spanish Markets.

Reception, transmission, execution and liquidation

0,25 €9   0,15 €6        

- In the foreign Markets:

Euronext: Amsterdam, Brussels, Paris

Xetra: Frankfurt

Reception, transmission, execution and liquidation

0,25 €18   0,125 €15        

- In the foreign Markets:

Euronext: Lisbon.

Reception, transmission, execution and liquidation

0,25 €20   0,125 €20        
- In other foreign Markets 0,35 €20   0,35 €12   0,20 €9  
 
  • Clarifications
It considers an operation with each kind of security, regardless of its origin. It understands the kind of security of the group of securities of an issuer of the same characteristics and identical right. The price will accrue when the order is executed or expires. 
The fixed price will apply as an alternative if this is agreed with the customer. 
“Indicative reference" gives guidelines on the fees and corresponding expenses of the foreign markets and brokers passed on to the customer. 

  • Fees and expenses passed on 
The entity, in this case, passes on the following expenses to the customer: 
The price and levies from the markets, brokers and payment systems 
The expenses of post, telex, fax and Swift, if any 
In case of messaging systems, the expenses generated, always applied to the customer 
The expenses of intervention of a public oath giver, writings and any another justified external concept. 
For customers hiring the intermediation service through www.valores.gvcgaesco.com, the fees and prices to apply will by incremented by 4 euros per operation, when when a channel other than this page is used and/or which requires the intervention of some member of GVC Gaesco Beka, S.V. S.A.U..
 
  • Operations in foreign currency  
The prices of this section are independent and are applied according to exchange rates of currencies other than euro. The minimum established in euros will be converted to the currency of the operation depending on its parity against the euro. 
 
  • Application of taxes 
The prices of this section will be taxable.

MEFF Derivatives


MEFF DERIVATIVES BROKERAGE
CONCEPT OF FEE TRANCHES FEE APPLIED BY CONTRACT CHANNEL USED COMMENTS
Purchase, sale or liquidation at maturity of IBEX 35 futures From 1 to 4 (index futures) €9.50/Contract Telephone, face-to-face, internet These fees will be increased by those of the MEFF
From 5 to 10 (index futures) €8.00/Contract
From 11 to 20 (index futures) €6-50/Contract
From 21 to 30 (index futures) €4.750/Contract
More than 30 (index futures) €3/Contract
Purchase, sale or liquidation at maturity of options, early exercise of options(**) IBEX 35 (Options on MINI IBEX 35) From 1 to 4 (index futures) €2.00/Contract Telephone, face-to-face, internet These fees will be increased by those of the MEFF
From 5 to 10 (index futures) €1.25/Contract
From 11 to 20 (index futures) €1.15/Contract
From 21 to 40 (index futures) €0.95/Contract
From 41 to 100 (index futures) €0.80/Contract
More than 100 (index options) €0.65/Contract
Purchase, sale or liquidation at maturity of futures on MINI IBEX 35 From 1 to 4 (index futures) €2.00/Contract Telephone, face-to-face, internet These fees will be increased by those of the MEFF
From 5 to 10 €1.25/Contract
From 11 to 20 €1.15/Contract
More than 20 €0.95/Contract
Purchase, sale or liquidation at maturity of futures and options(**) on shares Futures on shares €1.75/Contract €6 (Min) Telephone, face-to-face, internet These fees will be increased by those of the MEFF
Options on shares €2/Contract €6 (Min)
Purchase, sale or liquidation at maturity / early exercise of futures and options (**) on plus shares dividends Futures on plus shares dividends €1.75/Contract €6 (Min) Telephone, face-to-face, internet These fees will be increased by those of the MEFF
Options on plus shares €2/Contract €6 (Min)
Futures on bonds and future on interest rate From 1 to 5 €12/Contract Telephone, face-to-face, internet These fees will be increased by those of the MEFF
From 6 to 10 €10/Contract
€9/Contract  
More than 20 €7.50/Contract
Transfer of Operations and Positions of Futures and Options on Equity   €3/Contract    

The guarantees required by GVC Gaesco Beka, S.V. S.A.U. of the CUSTOMER will be of an additional 10% to that required by the Market.

(*) Said commissions are subject to variations by operativity.

(**) If the options do not have value at maturity, no fee will be received for this liquidation.

International Derivatives

INTERNATIONAL DERIVATIVES BROKERAGE:

- Purchase or sale of financial futures and options (**) on Fixed Income, Equity, Commodities and other underlying assets

- Settlement Price on expiration

- Early exercise of options on Equity

CURRENCY MARKETS PRODUCTS FEE CHANNEL USED COMMENTS
EUR

EUREX

MONEP

Other European Markets

Equity options and futures €8/Contract Telephone, face-to-face, internet These fees will be increased by those of the broker.
Index options and futures
USD

CME(***)

COMEX

NYMEX

CBOE

CBOT

Other American Markets

Equity options and futures 15USD/Contract Telephone, face-to-face, internet These fees will be increased by those of the broker.
Index options and futures
Commodity options and futures
GBP LIFFE (***) Equity options and futures 10GBP/Contract Telephone, face-to-face, internet These fees will be increased by those of the broker.
Index options and futures
HKK HKFE Index options and futures 260HKD/Contract Telephone, face-to-face, internet These fees will be increased by those of the broker.
YEN

TSE

NKK

Index options and futures 3.000JPY/Contract Telephone, face-to-face, internet These fees will be increased by those of the broker.

The guarantees required by GVC Gaesco Beka, S.V. S.A.U. of the CUSTOMER will be of an additional 10% to that required by the Market.

(*) Said commissions are subject to variations by operativity.

(**) If the options do not have value at maturity, no fee will be received for this liquidation.

(***) The minimum established in euros will convert to the currency of the operation according to its parity against the euro.

CFDs and Forex – Estuforex

CFDs AND FOREX BROKERAGE - ESTUFOREX PLATFORM
1. FOREX INSTRUMENTS FEE [1] COMMENTS
Euro – U.S. Dollar - / Euro – Japanese Yen /Euro – British Pound / Euro – Swiss Franc / Euro – Australian Dollar / Euro – Canadian Dollar /Euro – New Zealand Dollar /Euro – Turkish Lira 1 In pips
U.S. Dollar – Japanese Yen / U.S. Dollar – Swiss Franc / U.S. Dollar – Canadian Dollar / U.S. Dollar – Danish Krona / U.S. Dollar – Singapore Dollar / U.S. Dollar – Turkish Lira / U.S. Dollar – Hong Kong Dollar / U.S. Dollar – South African Rand / U.S. Dollar – Mexican Peso 1 In pips
British Pound – U.S. Dollar / British Pound – Japanese Yen / British Pound – Swiss Franc / British Pound – Australian Dollar / British Pound – Canadian Dollar / British Pound – New Zealand Dollar 1 In pips
Australian Dollar – U.S. Dollar / Australian Dollar – Japanese Yen / Australian Dollar – Swiss Franc / Australian Dollar – New Zealand Dollar /Australian Dollar – Canadian Dollar 1 In pips
Canadian Dollar – Japanese Yen 1 In pips
Swiss Franc – Japanese Yen 1 In pips
New Zealand Dollar – U.S. Dollar / New Zealand Dollar – Japanese Yen 1 In pips
2. CFD's INSTRUMENTS FEE [1] COMMENTS
US30 / SPX500 / NAS100 / UK100 / GER30 /ITA40 / FRA40 / HKG33 / JPN225 / SWE30 / SUI30 / AUS200 / USOil / UKOil 0,5 In pips
ESP35 1,0 In pips
3. CFD's INSTRUMENTS FEE [3] COMMENTS
XAU/USD 5 cents By ounce
XAG/USD 0,5 cents By ounce

The prices that will apply when the CUSTOMER transmits the order to GVC Gaesco Beka, S.V. S.A.U., through the Telephone Channel, requiring the intervention of some member of the company, will be that described in the present Annex IV, incremented by 4 euros for each operation transmitted.

If the Customer holds open positions in CFDs and/or Currencies to 17:00h New York, GVC Gaesco will apply a financial margin that will suppose receipts (position sold) or charges (position bought) in the Customer account. The Customer will be able to consult the quantity owed or credited by each position through the contracting platform at all times. The financial margin may be modified, so GVC Gaesco will not be obliged to irrefutably inform the Customer of their modification.

Product difficult to understand. The CNMV considers that it is not suitable for retail investors because of its complexity and risk. CFDs are complex instruments and are associated with a high risk of losing money quickly due to leverage. Between 74% and 89% of retail investors lose money when they trade with CFDs. You should consider whether you understand how CFDs work and whether you can afford to take a high risk of losing your money.

 

[1] Fee applied by GVC Gaesco included in the price fork of the instrument contracted by the customer.

[3] Cash fee applied by GVC Gaesco for the operation.

CFDs and Forex – GVC Gaesco Trader

INTERMEDIACIÓN EN INSTRUMENTOS CFDs Y DIVISAS - PLATAFORMA GVC GAESCO TRADER
INSTRUMENTO Comisión aplicada por
GVC Gaesco Beka por
operación
Comentarios Comisión mínima aplicada
por GVC Gaesco Beka por operación
Divisa  
1.- CFD’s SOBRE ACCIONES (Por países)      
Australia 14 Puntos básicos sobre efectivo 2,25 AUD
Austria 10 Puntos básicos sobre efectivo 2 EUR
Bélgica 10 Puntos básicos sobre efectivo 2 EUR
Canadá 4 Centavos por acción 2 CAD$
Dinamarca 10 Puntos básicos sobre efectivo 10 DKK
Finlandia 10 Puntos básicos sobre efectivo 2 EUR
Francia 10 Puntos básicos sobre efectivo 2 EUR
Alemania 10 Puntos básicos sobre efectivo 2 EUR
Hong Kong 30 Puntos básicos sobre efectivo 12 HKD
Irlanda 10 Puntos básicos sobre efectivo 2 EUR
Italia 10 Puntos básicos sobre efectivo 2 EUR
Japón 20 Puntos básicos sobre efectivo 120 JPY
Reino Unido 10 Puntos básicos sobre efectivo 2 GBP
Nueva Zelanda 15 Puntos básicos sobre efectivo 2 NZD
Noruega 10 Puntos básicos sobre efectivo 10 NOK
Polonia 30 Puntos básicos sobre efectivo 6 PLN
Portugal 10 Puntos básicos sobre efectivo 2 EUR
Singapur 15 Puntos básicos sobre efectivo 2 SGD
España 10 Puntos básicos sobre efectivo 2 EUR
Suecia 10 Puntos básicos sobre efectivo 10 SEK
Suiza 10 Puntos básicos sobre efectivo 2 CHF
Holanda 10 Puntos básicos sobre efectivo 2 EUR
Estados Unidos (incluidos ADR’s) 4 Centavos por acción 2 USD
2.- CFD’s SOBRE COMMODITIES
Tamaño del CFDs sobre Commodities (unidades) € 1
La cuota será de € 1 dividida por el tamaño del lote del contrato especificado
     
Gold Fut 0,1 EUR Por contrato 0,5 EUR
Silver Fut 0,01 EUR Por contrato 0,5 EUR
Palladium 0,1 EUR Por contrato 0,5 EUR
Platinum 0,1 EUR Por contrato 0,5 EUR
Robusta Coffee 1 EUR Por contrato 0,5 EUR
US Cocoa 1 EUR Por contrato 0,5 EUR
Sugar 0,1 EUR Por contrato 0,5 EUR
UK Oil (Brent) 0,01 EUR Por contrato 0,5 EUR
US Oil (WTI) mini 0,01 EUR Por contrato 0,5 EUR
Natural Gas mini 0,01 EUR Por contrato 0,5 EUR
UK Cocoa 1 EUR Por contrato 0,5 EUR
RBOB Gasoline 0,001 EUR Por contrato 0,5 EUR
Live Cattle 0,0001 EUR Por contrato 0,5 EUR
Oats 0,001 EUR Por contrato 0,5 EUR
Corn 0,001 EUR Por contrato 0,5 EUR
Rough Rice 0,01 EUR Por contrato 0,5 EUR
Soy Bean 0,001 EUR Por contrato 0,5 EUR
Soy Meal 0,1 EUR Por contrato 0,5 EUR
Soy Oil 0,0001 EUR Por contrato 0,5 EUR
US Wheat 0,001 EUR Por contrato 0,5 EUR
Copper 0,001 EUR Por contrato 0,5 EUR
Heating Oil 0,001 EUR Por contrato 0,5 EUR
US Sugar 0,0001 EUR Por contrato 0,5 EUR
US Coffee 0,001 EUR Por contrato 0,5 EUR
Cotton 0,0001 EUR Por contrato 0,5 EUR
Orange Juice 0,001 EUR Por contrato 0,5 EUR
Lumber 0,1 EUR Por contrato 0,5 EUR
Feeder Cattle 0,0001 EUR Por contrato 0,5 EUR
Lean Hogs 0,0001 EUR Por contrato 0,5 EUR
3.- CFD’s SOBRE TREASURIES      
         
4.- CFD’s SOBRE ÍNDICES      
>Como norma general todos los índices 1 EUR Por contrato 0,5 EUR
SP 500 0,25 EUR Por contrato 0,5 EUR
NIKEI 0,01 EUR Por contrato 0,5 EUR
5.- FOREX      
Como norma general todos los FOREX 1 Puntos básicos sobre efectivo 0,5 EUR
6.- FINANCING      
CFDs S/Indices y Acciones LIBOR 300 Puntos básicos sobre efectivo -- --

(*) The prices that will apply when the CUSTOMER transmits the order to GVC Gaesco Beka, S.V. S.A.U., through the Telephone Channel, requiring the intervention of some member of the company, will be that described in the present Annex IV, incremented by 4 euros for each operation transmitted.

If the CUSTOMER has a position sold of CFD's at the close of the session, they will credit a financial margin equivalent to (EONIA - 2.5%) on the total value of the position sold. If the CUSTOMER has a position sold of CFD's at the close of the session, they will credit a financial margin equivalent to (EONIA + 2.5%) on the total value of the position sold. This financial margin can modified, so GVC Gaesco Beka, S.V. S.A.U. will not be obliged to irrefutably inform the CUSTOMER of the modification. The exchange rate that will apply in converting currencies to Euro will be the official rate in the London currency market at 22:00h (London time), with a maximum differential (Spread) of up to 40 pips. If the Customer holds an open position bought in a CFD on shares, when the issuer of the underlying pays of an economic right, GVC Gaesco Beka, S.V. S.A.U., at the end of the session, will directly credit the Customer account with a “cash dispersement”, that will vary in function of the type of economic right paid: Dividends: they will credit 85% of the amount of the dividend; (**); Capital increases: they will credit 100% of the amount of the theoretical value of the right; (**); Premium refund: they will credit 100% of the amount of the returned premium. (**). If the Client holds an open position sold in a CFD on shares, when the issuer of the underlying pays an economic right, GVC Gaesco Beka, S.V. S.A.U., at the end of the session, will directly charge the Customer account with a “cash dispersement” that will vary as a function of the type of economic right paid: Dividends: they will charge 85% of the amount of the dividend; (**); Capital increases: they will charge 100% of the amount of the theoretical value of the right; (**); Premium refund: they will charge 100% of the amount of the returned premium. (**)

(**) The percentages of the “cash disperment” credited and/or charged in the Customer cash account, can vary as a consequence of changes in the tax regulations of the country of the issuer of the underlying or in the country of the counterparty, GVC Gaesco Beka, S.V. S.A.U. not being obliged to previously report said changes to the Customer.

Product difficult to understand. The CNMV considers that it is not suitable for retail investors because of its complexity and risk. CFDs are complex instruments and are associated with a high risk of losing money quickly due to leverage. Between 74% and 89% of retail investors lose money when they trade with CFDs. You should consider whether you understand how CFDs work and whether you can afford to take a high risk of losing your money.

National and international Fixed Income

FIXED INCOME BROKERAGE PRICE
% ON CASH % ON NOMINAL BY CONTRACT MINIMUM BY OPERATION FIXED
- Purchase or sale of Fixed Income in Spanish markets (See note) 0,15     €12  
- Purchase or sale of Fixed Income in foreign markets (See note) 0,30     €18  
- Purchase or sale of REPOs. Spanish Treasury Bill. 0,15     €12  
- Purchase or sale. Rest of Spanish Government Debt. 0,15     €12  

Portfolio Management

Portfolio Management - Direct Investment

DISCRETIONARY PORTFOLIO MANAGEMENT SERVICE
PORTFOLIO MODEL % FEE ON RTHE CASH VALUE PERFORMANCE FEE MINIMUM (€)
FIXED INCOME MIXED

Up to €120.000 - 0,75%

From €120.000,01 to €150.000 - 0,70%

From 150.000,01 to €180.000 - 0,65%

From 180.000,01 to €300.000 - 0,55%

More than €300.000 - 0,50%

- -
EQUITY MIXED

Up to €120.000 - 1,25%

From €120.000,01 to €150.000 - 1,15%

From 150.000,01 to €180.000 - 1,10%

From 180.000,01 to €300.000 - 1,05%

More than €300.000 - 1,00%

- -
DIVIDEND

Up to €120.000 - 1,50%

From €120.000,01 to €150.000 - 1,35%

From 150.000,01 to €180.000 - 1,25%

From 180.000,01 to €300.000 - 1,10%

More than €300.000 - 1,00%

- -
EQUITIES

Up to €120.000 - 1,50%

From €120.000,01 to €150.000 - 1,35%

From 150.000,01 to €180.000 - 1,25%

From 180.000,01 to €300.000 - 1,10%

More than €300.000 - 1,00%

- -
TREND FOLLOWER SHARES 1,50% - -
BEKA&GVC GAESCO TECHNIQUE (FUNDTECH STRATEGY) 1,50% - -
COBERTURA (DERIVATIVES) 1,50% - -

 

Portfolio Management - Investment Funds

DISCRETIONARY PORTFOLIO MANAGEMENT SERVICE
PORTFOLIO MODEL % FEE ON RTHE CASH VALUE PERFORMANCE FEE MINIMUM (€)
HERITAGE 0,50% - -
INCREASE 0,50% - -
CONSERVATIVE 0,80% 9% -
CAREFUL 0,80% 9%  
BALANCED 1,00% 9%  
PERFORMANCE 1,00% 9%  
AGGRESSIVE 1,00% 9%  

 

  • Price application

On the cash value    : These prices are annual accrued by natural semesters applied and will clear during the first ten days of the last semester. The base of calculation will be the cash value of the managed portfolio at the end of the accrual period.

On the revaluation    : The fee will apply once a year on the revaluation of the portfolio. Said revaluation will be the result of comparing the cash value of the portfolio at 1 January – or start date if another – with 31 December of each year, subtracting the contributions and adding the detractions made in the period.

Both prices may apply jointly or singly, as agreed with the customer. For periods of under a year, the proportion accrues that results from the general price corresponding to the number of days of the accrual period. The amounts that have been invested in Collective Investment Institutions managed by the Group GVC Gaesco Beka, S.V. S.A.U. will not be included in the calculation of the management price. However, the liquidity that exists at any time will be included, although the same is invested in monetary assets or Investment Fund in monetary assets to obtain the maximum yield.

  • Fees and expenses to be passed on

The Portfolio Management service does not include intermediation and custody and administration, nor any another that can be loaned to the customer; said services will be earned in a different way.

  • Application of taxes

The prices of this section will be taxed.

Administration and Custody

MAINTENANCE, CUSTODY and ADMINISTRATION OF SECURITIES REPRESENTED BY BOOK ENTRIES PRICE
% ON CASH % ON NOMINAL MINIMUM BY OPERATION FIXED
Equity securities marketable on Spanish markets 0,10  

€3 minimum per security/year

If the average quotation in the last six months is below to the share nominal, the minimum will be €30 per security and year.

 
Equity securities marketable on foreign markets 0,20  

€3 minimum per security/year

 
Fixed Income Securities marketable on Spanish and foreign markets   0,15

€3 minimum per security/year

 
Custody and Administration of non-marketable securities      

€30 per security/year

When the securities do not quote in organized markets or are suspended from quotation

TRANSFERS OF SECURITIES TO ANOTHER ENTITY PRICE
% ON CASH % ON NOMINAL MINIMUM BY OPERATION FIXED
Marketable securities in Spanish and foreign markets 0,40   €30,05 per security  
Non-marketable securities in Spanish and foreign markets    0,40 €30.05 per security  
CUSTODY and ADMINISTRATION OF PHYSICAL TITLES PRICE
% ON CASH % ON NOMINAL MINIMUM BY OPERATION FIXED
Custody of marketable Equity 0,10  

Minimum €3 per security/year

 
Custody of marketable Fixed Income   0,15

Minimum €3 per security/year

 
Custody of non-marketable securities 0,20  

Minimum €3 per security/year

 
DIVIDENDS, COUPONS and OTHER PERFORMANCE OF SECURITIES PRICE
% ON CASH % ON NOMINAL MINIMUM BY OPERATION FIXED
Marketable Equity and Fixed Income 0,20  

Minimum 1 euro by value.

The price cannot be higher than the amount received

 
Marketable securities 0,20  

Minimum 1 euro per security.

The price cannot be higher than the amount received

 
COLLECTION OF PREMIUMS FOR ATTENDNG GENERAL MEETINGS PRICE
% ON CASH % ON NOMINAL MINIMUM BY OPERATION FIXED
Collection of premiums for attending general meetings (see note) 0,25   1 euro  
FUNDING FOR PAYING PASSIVE DIVIDENDS, PENDING DISBURSEMENTS, EMISSION PREMIUMS, ETC. PRICE
% ON CASH % ON NOMINAL MINIMUM BY OPERATION FIXED
Funding for paying passive dividends, pending disbursements, emission premiums, etc. 0,25   1 euro  
INCREASES OR CAPITAL REDUCTIONS THAT DO NOT REQUIRE PAYMENT OR REIMBURSEMENT. PRICE
% ON CASH % ON NOMINAL MINIMUM BY OPERATION FIXED
Marketable securities in the Spanish market.   0,25 1 euro  
Marketable securities in foreign markets. 0,25   3 euro  
Non-Marketable securities.   0,25 3 euro  
TOTAL or PARTIAL REDEMPTIONS OF SECURITIES, CAPITAL REDUCTIONS and OTHER PAYMENTS PRICE
% ON CASH % ON NOMINAL MINIMUM BY OPERATION FIXED
Marketable Equity 0,20  

Minimum €1.20 per security/year

Maximum €180 per security/year

 
Marketable Fixed Income   0,150

Minimum €3 per security/year

Maximum €360 per security/year

 
Non-marketable securities 0,20  

Minimum €1.20 per security/year

Maximum €180 per security/year

 
CUSTODY AND REGISTRATION OF SHARES OR PARTICIPATIONS OF COLLECTIVE INVESTMENT INSTITUTIONS (IICs) PRICE
% ON CASH % ON NOMINAL MINIMUM BY OPERATION FIXED
Custody of shares and/or participations of Spanish IICs represented by book entries. 0,10   3 euro  

Custody of shares and/or participations of foreign IICs.

0,20   3 euro  
CONSTITUTION OF LIMITED ROYAL RIGHTS OR ANOTHER KIND OF ENCUMBRANCE ON SECURITIES PRICE
% ON CASH % ON NOMINAL MINIMUM BY OPERATION FIXED
Constitution of limited royal rights or another kind of encumbrance on Securities       €9
OTHER OPERATIONS RELATED TO CUSTODY AND ADMINISTRATION PRICE
% ON CASH % ON NOMINAL MINIMUM BY OPERATION FIXED
Processing of dossiers, for tax refund purposes due to withholdings at source, based on the reimbursement amount       €100 Per security/operation + local custody cost
Stamped and in general any type of operation that involves manipulation of physical titles, with the exception of the physical transfer of them.       50 euros
CONSTITUTION AND CANCELLATION OF DEPOSITS BY DELIVERY, TRANSFER OR WITHDRAWAL, TOTAL OR PARTIAL, OF PHYSICAL TITLES PRICE
% ON CASH % ON NOMINAL MINIMUM BY OPERATION FIXED
Equity and fixed income       90 euros
CUSTODY AND ADMINISTRATION OF WARRANTS AND ASSETS WITHOUT A DEFINED NOMINAL PRICE
% ON CASH % ON NOMINAL MINIMUM BY OPERATION FIXED
Custody and administration of warrants and assets without a defined nominal. 0,20   3,00  
CUSTODY AND ADMINISTRATION OF SPANISH PUBLIC DEBT PRICE
% ON CASH % ON NOMINAL MINIMUM BY OPERATION FIXED
Interest payment 0,25   1,00  
Total or partial amortizations   0,25 1,00  
Transfer to another asset management 0,10   30,05 euros  
Immobilizations       30,00
Lifting of the detention mesaures       30,00
Change of ownership by will, donations, separations, splits or mergers among legal entities, etc.       100,00

Note 1: The range of the fees

Fees in this section will apply to each asset class (group of securities of an issuer with the same characteristics and identical rights). They include the opening and maintenance of the securities account and the keeping of the accounting record of the securities represented in the account and / or the deposit of securities represented in physical securities that the client entrusted to the entity.

Note 2: Application of fees

1. The rates are expressed as a percentage on an annual basis, accrued by natural semesters.

2. For periods of under a year, the proportion accrues that results from the general price corresponding to the number of days of the accrual period. Fees in this section will apply to each asset class (group of securities of an issuer with the same characteristics and identical rights). They include the opening and maintenance of the securities account and the keeping of the accounting record of the securities represented in the account and / or the deposit of securities represented in physical securities that the client entrusted to the entity. The minimum rate will apply equally to the number of days in which the securities ​​have been deposited.

3. The fees will be calculated taking as a basis the average of the daily cash balances of equity securities deposited in the accrual period. For fixed income securities, the basis will be the nominal value.

4. The fees corresponding to equity securities marketable on foreign markets will be also applied to domestic securities when they are deposited abroad because of a customer's request or operativity.

5. To calculate the administration fee for those securities issued in currencies other than the euro:

- It is taken the exchange rate corresponding to the last business day of the month that the custody calculation is made.

- The price of cash value (for foreign markets) will be the most recent, if it does not exceed two months.

Note 3: Chargeable expenses

Fees will be charged to the customer when transactions involve the physical transfer of securities.

Nota 4: Application of taxes

The prices will be accordingly taxable.

Other Operations

OTHER OPERATIONS IN SPANISH MARKETS

PRICE

Telephone channel or face-to-face

PRICE

Internet Channel

% ON CASH MINIMUM BY OPERATION % ON CASH MINIMUM BY OPERATION
- Purchase or sale of subscription rights (see note)

0,25

  €1  0,15   €1
- Purchase in Public Offerings (see note)  0,15   €1  0,15   €1
- Sale in Takeover bids (see note)  0,15  €1  0,15  €1
- Settlement of purchases or sales of securities and rights in orders not submitted to the bank (see note)  0,15  €6  0,15  €6
- Settlement of purchases or sales of fixed income and rights in orders not submitted to the bank (see note)  1  €30  1  €30
- Purchase or sale of warrants 0,25 €9 0,15 €6
- Early exercise of warrants 0,25 €9    
- Purchase or sale of Certificates or Notes 0,25 €9    
OTHER OPERATIONS IN FOREIGN MARKETS

PRICE

Telephone channel or face-to-face

PRICE

Internet Channel

% ON CASH MINIMUM BY OPERATION % ON CASH MINIMUM BY OPERATION
- Purchase or sale of subscription rights in Euronext (see note) 0,25 €6 0,125 €6
- Purchase or sale of subscription rights in Other Markets (see note) 0,35 €6 0,35 €6
- Purchase in Public Offerings (see note) 0,15 €1 0,15 €1
- Sale in Takeover bids (see note) 0,15 €1 0,15 €1
- Settlement of purchases or sales of securities and rights in orders not submitted to the bank (see note) 0,15 €6 0,15 €6

- Settlement of purchases or sales of fixed income and rights in orders not submitted to the bank (see note)

1 €30 1 €30
- Purchase or sale of warrants 0,25 €12 0,20 €12
- Early exercise of warrants 0,25 €12    
- Purchase or sale of Certificates or Notes 0,25 €12    
UNDERWRITINGS IN SPANISH PRIMARY MARKETS PRICE
% ON CASH % ON NOMINAL BY CONTRACT MINIMUM BY OPERATION FIXED
- Equity Underwritings 0,10     €6  
- Fixed Income Underwritings (see note) 0,20     €6  
- Security swaps and conversions 0,20     €1,20 minimum -€180 maximum  
- Other underwritings 0,25     €6  
UNDERWRITINGS IN FOREIGN PRIMARY MARKETS PRICE
% ON CASH % ON NOMINAL BY CONTRACT MINIMUM BY OPERATION FIXED
- Equity Underwritings 0,10     €6  
- Fixed Income Underwritings 0,20     €6  
- Security swaps and conversions 0,20     €1,20 minimum -€180 maximum  
- Other underwritings 0,25     €12  
OTHER OPERATIONS RELATED TO THE TRANSMISSION OF SECURITIES PRICE
% ON CASH % ON NOMINAL BY CONTRACT MINIMUM BY OPERATION FIXED
- Purchase or sale of securities not listed or traded on a stock market 0,30     €30  
- Participation orders in competitive and unawarded auctions (see note)         €12
- Cancellation of purchase or sale orders of any kind of securities. Order modifications according to clients preferences before being executed (see note)         €1,80
- Transmission of securities derived from judicial resolutions, donations, changes of ownership by will and other transmissions different form the purchase-sale 0,25    

Minimum €12 per security

Maximum €1.000

 
OPERATIONS RELATED TO COLLECTIVE INVESTMENT INSTITUTIONS PRICE
% ON CASH % ON NOMINAL BY CONTRACT MINIMUM BY OPERATION FIXED
- Reception and transmission of subscription or redemption orders on unlisted investment institutions, domiciled in Spain but not commercialized by the entity (see note) 2,5     €9  
- Reception and transmission of subscription or redemption orders on unlisted investment institutions, foreign-based but not commercialized by the entity (see note) 2,5     €9  
- Reception and transmission of subscription orders and/or share transfers or shares of national or international IICs sub-distributed by the entity, not linked to the GVC Gaesco Group 0,15        

 

GENERAL NOTES ON OTHER INTERMEDIATION OPERATIONS

  • Clarifications:

An operation is each one of those realized (execution) by each kind of security, regardless of whether its origin is a customer order. One kind of security is the group of securities of an issuer of the same characteristics and identical right. The price will accrue when the order is executed or expires.

The fixed price will apply as an alternative if like this has been agreed with the customer.

  • Operations in currency:

The prices of this section are independent due to the exhange rates of non-euro currencies.

  • Expenses to be passed on:

The expenses appearing in the section "fees and expenses that can be passed on" of this leaflet will apply.

  • Application of taxes:

The prices will be accordingly taxable

 

OTHER OPERATIONS IN SPANISH SECURITIES MARKETS. - Purchase or sale of subscription rights.

  • Limit of the applicable fee in purchases or sales of rights of subscription:

The fee applicable to these operations will not exceed the effective amount of the operation when the sale of rights is produced without express order of the customer, according to the market use that justifies this performance in the interest of the customer.

OTHER OPERATIONS IN FOREIGN SECUTRITIES MARKETS. - Purchase or sale of subscription rights.

  • Limit of the applicable fee in purchases or sales of subscription rights:

The fee applicable to these operations will not exceed the effective amount of the operation when the sale of rights is produced without express order of the customer, according to the market use that justifies this performance in the interest of the customer.

OTHER OPERATIONS IN SPANISH SECURITY MARKETS. - Purchase in Public Offers of Sale.

  • Application of prices in Public Offers and Subscriptions:

These prices will not be applicable if, according to this informative leaflet of the issue or Public Offer, the Institution and the entity contractually find no link to non-repercussion according thereto.

OTHER OPERATIONS IN FOREIGN SECURITY MARKETS. - Purchase in Public Offers of Sale.

  • Application of prices in Public Offers and Subscriptions:

These prices will not be applicable if, according to this informative leaflet of the issue or Public Offer, the Institution and the entity contractually find no link to non-repercussion according thereto.

OTHER OPERATIONS IN SPANISH SECURITY MARKETS. – Sale in Public Offers of Purchase

  • Application of prices in Public Offers and Subscriptions:

These prices will not be applicable if, according to this informative leaflet of the issue or Public Offer, the Institution and the entity contractually find no link to non-repercussion according thereto.

OTHER OPERATIONS IN FOREIGN SECURITY MARKETS. – Sale in Public Offers of Purchase

  • Application of prices in Public Offers and Subscriptions:

These prices will not be applicable if, according to this informative leaflet of the issue or Public Offer, the Institution and the entity contractually find no link to non-repercussion according thereto.

OPERATIONS WITH SHARES OR PARTICIPATIONS OF COLLECTIVE INVESTMENT INSTITUTIONS (IIC). - Reception and transmission of orders of subscription or repayment of shares or participations of unquoted IIC in Spain not commercialized by the entity.   

  • Application of the prices by processing of orders of subscription and repayment of shares or participations of unquoted IIC:

If the entity is a distributor or subdistribuidor of the IIC, only the fees collected in the leaflet of said IIC will apply.

OPERATIONS WITH SHARES OR PARTICIPATIONS OF COLLECTIVE INVESTMENT INSTITUTIONS (IIC). - Reception and transmission of orders of subscription or repayment of shares or participations of unquoted IIC abroad not commercialized by the entity.   

  • Application of the prices by processing of orders of subscription and repayment of shares or participations of unquoted IIC:

If the entity is a distributor or subdistribuidor of the IIC, only the fees collected in the leaflet of said IIC will apply.

OTHER OPERATIONS IN SPANISH SECURITY MARKETS. - Liquidation of purchases or sales of securities or rights on orders not sent to the entity.   

  • Application of prices in liquidation of purchases or sales of securities or rights on orders not sent to the entity:

If the entity only acts as a liquidator, the prices will accrue when they perform the liquidation

OTHER OPERATIONS IN FOREIGN SECURITY MARKETS. - Liquidation of purchases or sales of securities or rights on orders not sent to the entity.   

  • Application of prices in liquidation of purchases or sales of securities or rights on orders not sent to the entity:

If the entity only acts as a liquidator, the prices will accrue when they perform the liquidation

OTHER OPERATIONS RELATIVE TO THE TRANSMISSION OF SECURITIES AND TO ORDERS. - Orders of participation in unadjudicated competitive auctions.   

  • Application of prices in orders of participation in unadjudicated competitive auctions:

The price will apply when the non-adjudication of auction is reported.

OTHER OPERATIONS RELATIVE TO THE TRANSMISSION OF SECURITIES AND TO ORDERS. - Cancellation of orders of purchase or sale of any type of securities or modification of the conditions of the orders according to instructions of the customer, before these have been executed.   

  • Application of prices in the cancellation of orders, before these have been executed:

The price will apply when the order to cancel or modify is received

Other items

OTHER ITEMS (Note 5) PRICE
% ON CASH % ON NOMINAL MINIMUM BY OPERATION FIXED
Issuance of certificates of ownership, audit certificates and other       €50
Issuance of documents, account statements and liquidations (duplicates)       €30
Sending of quarterly information (Note 1)       €3 for each sending
Custody fees in cash (note 2)       €18
Fees related to the opening and maintenance of cash balance different from Euro       €18 when opening a cash account other than Euro
Forex operations (when the exchange is needed) 0,05   Mininum €6  

Customer bank or cash transfers

(In the case of account cancellations, the price will not cause an overdraft in the account)

0,10   Mininum €12  

OMF transfers (via Bank of Spain)

(In the case of account cancellations, the price will not cause an overdraft in the account)

0,10   Mininum €12  
Cash transfers accounts form the same client within the entity       €6 for each transfer under 200.00 euros
Interest on late payment       2,5 times the legal rate of interest at all times
Debt claim fee       €30 per claim
Overdraft fee (Note 3) 3   Mininum €15  
Production of investment reports       €50
Exclusion of securities       €30

Note 1 – Send quarterly information

This refers to the repercussion of postal and communication expenses (no elaboration).

Note 2 – Cash custody fee

This will apply each half year in the cash accounts of customers not performing operations in the previous year and maintaining an effective balance of.

Note 3 – Overdraft fee

The overdraft fee applies to the main balance overdrawn in the account during the period of liquidation (monthly).

Note 4 – Preparation of investment reports

This will apply each month if the customer adheres to the Investment Report Subscription Bulleting.

Note 5: Application of taxes

The Prices of this section will be taxable.

Online Services and Models

We give you different options for your online transactions. You can choose the one that best fits your needs.

 

Service Delayed market data with Level 1 – market depth Real time market data with Level 1 – market depth Real time market data with Level 5 – market depth
WEB GVC Gaesco SURF 2.0 Free Service

Spanish Markets

MADRID STOCK EXCHANGE NACIONALES ÍNDICES

Foreign Markets

EURONEXT
EURONEXT INDICES
NASDAQ
LONDON STOCK EXCHANGE
BOLSA ITALIANA
MIB30 AMEX
SP INDICES

Derivatives

MEFF RV MINI NYMEX
EURONEXT DERIVATIES
CBOT-MINI
CME-MINI CME-ETH
   
WEB GVC Gaesco PLUS 2.0

Spanish Markets

MADRID STOCK EXCHANGE
NACIONALES ÍNDICES

Foreign Markets

EURONEXT
EURONEXT INDICES
NASDAQ
LONDON STOCK EXCHANGE
BOLSA ITALIANA
MIB30 AMEX
SP INDICES

Derivatives

MEFF RV
MINI NYMEX
EURONEXT DERIVATIES
CBOT-MINI
CME-MINI
CME-ETH
DJ INDICES

Spanish Markets

MADRID STOCK EXCHANGE 7,00 EUR
NACIONALES ÍNDICES 2,00 EUR

Foreign Markets

EURONEXT 9,00 EUR
EURONEXT INDICES 2,00 EUR
SP INDICES 3,00 EUR

Derivatives

MEFF RV 5,00 EUR
EUREX: 16,00 EUR
EURONEXT DERIVATIES 25,00 EUR
CBOT-MINI 85,00 EUR
CME-MINI 85,00 EUR
CME-ETH 85,00 EUR
MINI NYMEX 85,00 EUR
DJ INDICES 2,00 EUR

Spanish Markets

MADRID STOCK EXCHANGE 21,00 EUR

Foreign Markets

EURONEXT 15,00 EUR

Derivatives

MEFF RV: 7,00 EUR
EUREX: 21,00 EUR

Note: Monthly fees subjected to VAT

 

VISUAL CHART PLATFORM SERVICE     FEE
Visual Chart Direct Access Visual Chart Broker connection     15€ + VAT
Visual Chart Professional Visual Chart Data connection     35€ + VAT + contracted markets