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Fee reductions

Temporary fee reductions:
Temporary fee reductions available from 1 October to 31 December 2021 include the following items in the KDPW Table of Fees:
1/ fees for the settlement of transactions under point 4.1 “Fees charged to direct participants” are reduced from PLN 4 to PLN 2.40;
2/ fees for the settlement of transactions under point 4.1.1 “Fees charged to direct participants” are reduced from PLN 1 to PLN 0.60;
3/ fees for the settlement of transactions under point 4.1.1.1 “Fees charged to direct participants” are reduced from PLN 4 to PLN 2.40;
4/ fees for post-trade settlement of transactions under point 4.2 “Fees charged to direct participants” are reduced from PLN 3 to PLN 1.80;
5/ fees for other settlement including cash and non-cash payments under point 4.3 “Fees charged to direct participants” are reduced from PLN 4 to PLN 2.40 subject to bigger reductions of the fee under Resolution No. 38/925/21 of the KDPW S.A. Supervisory Board dated 27 May 2021 for transactions made using the IT system of the Warsaw Stock Exchange;
6/ fees for settlement of securities only under point 4.4 “Fees charged to direct participants” are reduced from PLN 3 to PLN 1.80;
7/ fees for recording of shares under point 1.1.1 “Fees charged to issuers and payment agents” are reduced from 0.01% to 0.005%, the minimum fee is reduced from PLN 5,000 to PLN 1,000 and the maximum fee is reduced from PLN 100,000 to PLN 33,000;
8/ fees for recording of bank securities, bonds or covered bonds under point 1.1.3 “Fees charged to issuers and payment agents” are reduced from 0.01% to 0.005%, the minimum fee is reduced from PLN 4,000 to PLN 1,000 and the maximum fee is reduced from PLN 50,000 to PLN 16,000;
9/ fees for recording of structured certificates under point 1.1.4 “Fees charged to issuers and payment agents” are reduced from 0.012% to 0.006% and the maximum fee is reduced from PLN 100,000 to PLN 33,000;
10/ fees for recording of securities according to instructions delivered in electronic form under point 1.2 “Fees charged to issuers and payment agents” are reduced from 0.01% to 0.005%, the minimum fee is reduced from PLN 1,000 to PLN 500 and the maximum fee is PLN 33,000;
11/ fees for recording of bonds, covered bonds or investment certificates under point 1.3 “Fees charged to issuers and payment agents” are reduced from 0.005% to 0.0025%, the minimum fee is reduced from PLN 1,000 to PLN 400 and the maximum fee is reduced from PLN 25,000 to PLN 8,000;
12/ fees for the processing of payments of benefits from or redemption of bonds, bank securities or covered bonds under point 2.2 “Fees charged to issuers and payment agents” are reduced from 0.04% to 0.02%, the minimum fee is reduced from PLN 500 to PLN 250 and the maximum fee is reduced from PLN 4,000 to PLN 1,300;
13/ fees for the processing of payments of benefits from or redemption or cancellation of securities under point 2.3 “Fees charged to issuers and payment agents” are reduced from 0.06% to 0.03%, the minimum fee is reduced from PLN 500 to PLN 250 and the maximum fee is reduced from PLN 8,000 to PLN 2,600.
Resolution No. 46/933/21  of the KDPW Supervisory Board of 29 September 2021

Temporary reduction of the fee for other types of settlement, which involve cash payment and non-cash payment
(described in point 4.3. of the section entitled “Fees charged to KDPW direct participants” of the Table of Fees, which forms Appendix 1 to the KDPW Rules), shall be reduced from 4 PLN to 2 PLN for transactions executed using the Warsaw Stock Exchange IT system.
The fee reduction, described in § 1, shall apply for a limited period from 1 June 2021 until 31 December 2021 inclusively and shall apply to settlement performed within this period.
Resolution No 38/925/21  of the KDPW Supervisory Board of 27 May 2021

Temporary reduction of the fee for providing the issuer with information on persons entitled to attend a specific general meeting of shareholders, described in point 5.5.
of the section entitled “Fees charged to issuers and payment agents” of the Table of Fees, charged to participants that have consented to receive invoices in electronic form, from PLN 2500 to PLN 1500.
The reduction of the fee amount shall apply for a limited period from 1 April 2021 to 30 September 2021 inclusively and shall apply in those instances where the provision of information to the issuer on persons entitled to attend a specific general meeting of shareholders has taken place, or shall take place within this period and shall only apply to fees indicated in invoices, which may be sent in electronic form.
Resolution No. 9/896/21 of the KDPW Supervisory Board of 14 April 2021

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Last modified:11-10-2021 Go up