Exchange traded funds (ETF)

A simple way to start investing

ETFs are investment funds whose shares (units) are traded in stock exchanges.

Why choose ETFs:

Transactions with ETFs are as simple as trading stock
A possibility to create a diversified portfolio of securities on your own quickly and simply
Lower fees as compared to buying each stock individually

What’s ETFs (exchange-traded funds)?

ETFs are investment funds (mutual funds) that are listed on stock exchange and may consist of several asset classes, such as equities, bonds, currency (forex) instruments, commodities etc.

By just one investment you can get a basket of products: from stocks, bonds to commodities and currencies.
ETF assets are distributed across a range of investment instruments resulting in increased diversification and potentially reduced investment risk.

A major part of investors lack time or knowledge to keep track of each stock of companies representing the field they’re interested in.
Investing in ETFs saves time and gives an opportunity to invest in industries or indexes that you find interesting and feel confident about.

During stock exchange trading session, ETFs are traded just like company stocks.
ETF units can be purchased and sold quickly in the preferred quantity at a price acceptable to you.

ETFs, just like any other investment instrument, are also subject to various risks, such as legislative risk, currency risk, tax risk, interest rate risk and others.
It is important to be aware of those risks and to assess them on a continuous basis*.

*See here for more on the potential risks.

Apply for the LEI code.
Open a securities account.
Review information on transactions in financial instruments and the associated risks.
Choose your preferred exchange-traded fund (ETF).
Place an order for buying exchange-traded funds (ETF).

In case of fund investments, the investors themselves are liable for any applicable taxes according to the Corporate Income Tax Law.

Fees charged from both parties of the transaction
Bank internal transactions are transactions between the securities accounts of the Bank’s clients.
Privatization and compensation certificate transfers may be subject to stamp duties.

Information on eligible foreign securities is available from the Bank.
Bank internal transactions are transactions between the securities accounts of the Bank’s clients.
Transaction fee includes standard settlement fees charged by the Bank’s Custodians.
Same fee applies to both free of payment and against payment transactions
Fees charged from both parties of the transaction

Percentage based trading fees calculated from trade amount.
Trading fee is charged in trading currency based on the Bank’s exchange rates.
Trading orders transmitted to the Bank can cancelled until executed.
In case the order is not executed in full during a single trading day, the trading fee (including minimum trading fee) for partial order execution is charged in full for each trading day when the order is partially executed.
On certain markets, minimum transaction amounts may apply.
Exchange traded funds (ETFs) in context of this pricelist are treated as shares.
Futures and options traded with the Bank are not registered on clients’ securities accounts.
The Bank shall disclose the specific mark-up in debt securities trading price upon Client’s request before entering into transaction.
A stamp duty of 0,5% of transaction amount on buying UK securities and 1% on buying Irish securities is added to the transaction charges. In certain events, a higher rate (1,5%), a bonus rate or tax exemption may apply for UK securities.
If purchase transactions are subject to FTT according to local market regulations (e.g. France 0,3%, Italy 0,1%, Hungary 0,3% etc.), such tax is added to the transaction charges.

Further information on securities accounts and transactions and payable and paid charges is available from the Bank.
If the Bank is obliged to pay taxes, fees, interest, penalties or incur other costs (that are not covered in the Bank’s price list below) for the provision of securities safekeeping and transaction services to the Client, the Bank shall have the right to debit such amounts from the Client’s Cash Account without Client consent.

Service	Price, EUR
Receiving
Opening of securities account	See Securities account
Securities account statements	See Securities account
Other transactions with Latvian securities options
Transfer from Initial Register (Deregistration)	4.50
Securities transfer to the insolvent companies register	4.50
Free of payment transaction	4.50
Bank internal free of payment transaction	3.00
Against payment transaction in EUR	6.00
Against payment transaction in USD for USD nominated securities	40.00
Transaction with privatization / compensation certificates	Subject to agreement		Privatization and compensation certificate transfers may be subject to stamp duties, as well as extra fees associated with the peculiarities of holding them at the “Publisko aktīvu pārvaldītājs Possessor” AS.
Subscription to securities of new issue/ participation in offering	Transaction fee		Transaction fee depends on the transaction type (without payment or versus payment)
Other transactions with foreign securities options
Bank internal free of payment transaction	3.00
Bank internal against payment transaction	6.00
Estonia, Lithuania	10.00
Austria, Belgium, Canada, Czech Republic, Denmark, Finland, France, Germany, Hungary, Ireland, Italy, Norway, Netherlands, Poland, Portugal, Spain, Sweden, Switzerland, UK, USA, Eurobonds	25.00
Russia Attention! Security transfers are not carried out now.	45.00
Foreign funds	45.00
Subscription to securities of new issue/participation in offering	Transaction fee		Transaction fee depends on the transaction type (without payment or versus payment) and the country where the securities are registered
Service	Price, EUR
	Channel of submitting the order
	Via Internet Banking	At branches/By phone 67444141
Broker services
Equities and exchange-traded funds (ETFs) on stock exchanges options
Estonia, Latvia, Lithuania	Free of charge	0.4%, (min. 5.60 EUR)
in Germany (Xetra), Sweden, USA	0.25%, (min. 10.00 EUR)	0.4%, (min. 28.00 EUR)
in Belgium, Canada, Denmark, Finland, France, Ireland, Netherlands, Norway, United Kingdom	0.25%, (min. 15.00 EUR)	0.4%, (min. 28.00 EUR)
in Austria, Czech Republic, Hungary, Italy, Poland, Portugal, Spain, Switzerland	0.25%, (min. 15.00 EUR)	0.4%, (min. 42.00 EUR)
in Russia (MOEX in USD) Attention! Transactions on this stock exchange are not carried out now.	-	0.55%, (min. 85.00 EUR)
In other countries	Subject to agreement
Direct transactions on Nasdaq Riga	Subject to agreement
Participation in auctions organized by Nasdaq Riga	Subject to agreement
Debt securities
Transactions in debt securities	Subject to agreement on price or yield		In separate cases or upon client’s request the Bank may reflect transaction margin as a commission.
Nominal value up to 50,000 EUR or the equivalent in other currency	Transaction margin up to 3% of the nominal value of the transaction (min. 30 EUR or the equivalent in other currency)
Nominal value from 50,000 to 250,000 EUR or the equivalent in other currency	Transaction margin up to 1% of the nominal value of the transaction (min. 30 EUR or the equivalent in other currency)
Nominal value above 250,000 EUR or the equivalent in other currency	Transaction margin up to 0.5% of the nominal value of the transaction (min. 30 EUR or the equivalent in other currency)
Purchase of debt securities of the Republic of Latvia or Republic of Lithuania in domestic auctions	Transaction margin at the rate of 0.1% of the nominal value bought (min. 30 EUR or the equivalent in other currency)		In separate cases or upon client’s request the Bank may reflect transaction margin as a commission.
Fee for transactions with exchange-traded futures	Agreed on case-to-case basis
Fee for transactions with exchange-traded options	Agreed on case-to-case basis
*On account opening and maintenance with a Clearing house for transactions with futures and options:** *Any Clearing house that is an authorised central counter party (CCP) for the purposes of the European Market Infrastructure Regulation (Regulation (EU) No.648/2012).
Net Omnibus Segregated Account (NOSA)	Free of charge
Gross Omnibus Segregated Account (GOSA)	Agreed on a case-to-case
Other securities services
Transaction cancellation	Transaction fee		- Cancellation of instructions is allowed only if instruction is not yet processed by the Bank. - Transaction fee depends on the transaction type (without payment or versus payment) and the country where the securities are registered
Pledge transaction	15.00
Blocking of securities on bailiff's instructions	Transaction fee		Transaction fee depends on the transaction type (without payment or versus payment) and the country where the securities are registered
Darījumi ar ieguldījumu fondu daļām	See Investment Funds

Effective from 01.03.2020.

Service	Price, EUR
Receiving
Account opening	4.50 Securities accounts for legal persons can be opened only at branch office
Account statements
Statement of holdings	0.00-7.00 Via Internet Banking - Free of charge At branches – 7.00
Statement of transaction	0.00-7.00 Via Internet Banking - Free of charge At branches – 7.00
Monthly Securities Safekeeping Fees options
Swedbank Group funds	Free of charge
Baltic securities	Free of charge
Other investment funds, equities and bonds*
- Up to 100 000 EUR**	Free of charge
- From the value above 100 000 EUR**	0.008%
* Securities registered in Austria, Belgium, Canada, Czech Republic, Denmark, Finland, France, Germany, Hungary, Ireland, Italy, Netherlands, Norway, Poland, Portugal, Russia, Spain, Sweden, Switzerland, UK, USA and Depositary Receipts (ADR, GDR), Eurobonds. ** Swedbank Group Funds and Baltic securities are excluded from the calculation of the portfolio value for safekeeping fee calculation.
Other countries	Subject to agreement
Other services options
Owner account opening at Nasdaq CSD SE	50.00
Owner account monthly account maintenance	50.00
Tax relief at source / tax reclaim	Subject to agreement
Participation in general shareholder’s meeting	Subject to agreement
Closing
All securities account types	Free of charge
Transactions with securities	See Securities and Other Exchange-traded financial instruments
Transactions with investment fund units	See Investment Funds