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APPENDIX TOTHE GENERAL FEE SCHEDULE
DERIVATIVE PRODUCTS
FEE SCHEDULE 01/01/2018
3
You will find hereafter the general fee schedule for derivative products proposed by Societe Generale Luxembourg, and, on an illustrative basis, the breakdown of our prices for main transactions.
The provision of the services described under this pricing conditions
extract (i) is subject to prior approval by the Bank and (ii) may be limited
or prohibited in accordance with any applicable regulations in the client’s
country of residence, including the United States of America.
The fees and rates stated on this extract include taxes (incl. VAT). Should
VAT apply, the rate applicable on the date of this extract, and which is
subject to change, will be indicated at the bottom of the page; the rate will
be displayed excluding VAT (ex. VAT) aswell, and rounded-up if relevant.
DERIVATIVE PRODUCTS APPENDIX - Fee schedule 01/01/2018
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Fee schedule
Product Margin and minimum Brokerage fees (if equity underlying)
Vanilla options and barrier options 0.25% of the notional, minimum of €1,000
Standard equity brokerage fees:0.4% of the transaction amount,on delivery of the securities
Forex Target, Commodity Target 0.3% of the notional, minimum of €500
Accumulator / Decumulator
0.25% of the leveraged notional at the beginning of the transaction0.75% of the leveraged notional in running fees,minimum of €2,500These fees will be dependent on the frequency of delivery and taken at each delivery date
Option strategies 0.5% of the notional per leg
Interest rate swap 0.5% / year Not applicable
Partial or full closing of an open position0.8% nominal on equities
Standard equity brokerage fees:0.4% of the amount of the transaction,at the time of delivery of the shares
0.5% of the notional on FX Not applicable
Periods Fees
Forex Swaps / Forex Forwards from overnight to 12 monthsFlat fee of €150 per transaction,0.02% of the nominal, minimum of €150
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Vanilla optionsBasic dataLegal person
Derivatives Transaction Brokerage feesThe client buys an option such as a EUR Call/USD Put
Simulation dataProduct EUR Call/USD put (simple call option)Exercise type European (the option can only be exercised at the expiration date)Side of the transaction Buyer of the optionUnderlying Currency pair EUR/USDMaturity of the product 1 monthNotional amount €1,000,000Underlying price 1.2000Strike price 1.2200Option premium €5,000Derivatives Transaction Brokerage fees = 1,000,000 x 0.25% = €2,500 with a minimum of €1,000
If the notional amount is below €250,000, the minimum Derivatives Transaction Brokerage fee appliesStandard equity brokerage Not applicable
Total fees for the client in this example Derivatives Transaction Brokerage fees €2,500
Summary Derivatives Transaction Brokerage feesSGBT grid 1% of the initial notional amount of the transactionMinimum €1,000Initial brokerage fees €2,500Total €2,500
Conclusion Total fees amount to €2,500
DERIVATIVE PRODUCTS APPENDIX - Fee schedule 01/01/2018
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Forex (FX) TargetBasic dataLegal person
Derivatives Transaction Brokerage feesThe client buys a EUR/USD Forex Target
Données de simulationProduct Forex TargetUnderlying Currency pair EUR/USDInitial currency EURConversion currency USDMaturity of the product 1 monthNotional amount €1,000,000Underlying price 1.2000Conversion price 1.2150Annualised return on the Forex Target 5.15%Derivatives Transaction Brokerage fees = 1,000,000 x 0.3% = €3,000 with a minimum of €500
If the notional amount is below €166,000, the minimum Derivatives Transaction Brokerage fee appliesStandard equity brokerage Not applicable
Total fees for the client in this exampleDerivatives Transaction Brokerage fees €3,000
Résumé Derivatives Transaction Brokerage feesSGBT grid 1% of the initial notional amount of the transactionMinimum €500Initial brokerage fees €3,000Total €3,000
Conclusion Total fees amount to €3,000
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Accumulateur FXBasic dataLegal person
Derivatives Transaction Brokerage feesThe client buys a EUR/USD Leveraged Accumulator
Simulation dataProduct Leveraged AccumulatorUnderlying Currency pair EUR/USDMaturity of the product 1 yearFrequency of observations Daily (255 observations)Settlement frequency Monthly (12 deliveries)Leverage effect 2Notional without leverage €3,000,000 (i.e. €11,764.71 per observation)Notional with leverage €6,000,000 (i.e. €23,529.41 per observation)Underlying price 1.2000Strike price 1.1850
Derivatives Transaction Brokerage fees at the beginning of the transaction = (6,000,000 x 0.25%) = €15,000
at each delivery date during the life of the product (running fees) = (6,000,000 x 0.75%) / 12 = €3,750 per deliveryStandard equity brokerage fees Not applicable
Total fees for the client in this example after two similar delivery periods
Derivatives Transaction Brokerage initial fees
€15,000
Derivatives Transaction Brokerage running fees
€3,750 x 2
Total €22,500
Summary Derivatives Transaction Brokerage initial fees Derivatives Transaction Brokerage running fees
SGBT grid 0.25% of the notional with leverage0.75% of the notional with leverage taken at the delivery
of the shares at the end of each observation period
Minimum For all Derivatives Transaction Brokerage fees €2,500Initial brokerage fees €15,000 /Brokerage fees at 1st delivery / €3,750Brokerage fees at 2nd delivery / €3,750… … …Brokerage fees at the 12th delivery / €3,750Total €15,000 3,750 x 12 = €45,000
Conclusion Total Maximum fees amount to €60,000
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Option strategyBasic dataLegal person
Derivatives Transaction Brokerage feesThe client buys a Synthetic Forward
Simulation dataProduct Synthetic Forward (Purchase of a Call + Sale of a Put with different notionals)Underlying Currency pair EUR/USDMaturity of the product 2 monthsNotional amount €1,000,000 for the purchase of the EUR Call/USD Put
€1,500,000 for the sale of the EUR Put/USD CallUnderlying price 1,2000Conversion price 1,1978Derivatives Transaction Brokerage fees = (1,000,000 x 0.5%) + (1,500,000 x 0.5%) = €5,000 + €7,500 = €12,500Standard equity brokerage fees Not applicable
Total fees for the client in this exampleDerivatives Transaction Brokerage fees €12,500
Summary Derivatives Transaction Brokerage fees
SGBT grid0.5% of the notional amount of each leg of the tran-
saction taken at the beginning of the transaction
Initial brokerage fees €5,000 + €7,500Total €12,500
Conclusion Total fees amount to €12,500
DERIVATIVE PRODUCTS APPENDIX - Fee schedule 01/01/2018
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FX ForwardBasic dataLegal person
Derivatives Transaction Brokerage feesThe client buys a EUR/USD FX Forward
Simulation dataProduct FX ForwardUnderlying Currency pair EUR/USDMaturity of the product 1 monthNotional amount €10,000,000Underlying price 1.2000Forward price 1.2020Brokerage fees = 10,000,000 x 0.02% = €2,000
Total brokerage fees for the client in this exampleDerivatives Transaction Brokerage fees €2,000
Summary Brokerage feesSGBT grid 0.02% of the notional amount Minimum €150Initial brokerage fees €2,000Total €2,000
Conclusion Total brokerage fees amount to €2,000
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Interest Rate SwapBasic dataLegal person
Derivatives Transaction Brokerage feesThe client holds an Interest Rate Swap in euros
Simulation dataProduct Interest rate swapUnderlying Variable rate EUR versus fixed rate EURMaturity of the product 5 yearsNotional amount €1,000,000Fixed rate euro (paid by the client) 1.35%
Variable rate euro (receivedby the client)
EURIBOR 12 months + 1%
Derivatives Transaction Brokerage fees = 1,000,000 x 0.5% x 5 = €25,000
Total brokerage fees for the client in this example Derivatives Transaction Brokerage fees 25.000 €
Summary Brokerage feesSGBT grid 0.5% of the notional amount p.a.Initial brokerage fees €25,000Total €25,000
Conclusion Total brokerage fees amount to €25,000
DERIVATIVE PRODUCTS APPENDIX - Fee schedule 01/01/2018
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Full or partial closing of an open positionBasic dataLegal person
Derivatives Transaction Brokerage feesThe client settles an option of type Call on Equity
Simulation dataProduct Full closing of the open position - Carrefour SA Call (simple call option) held by the clientExercise type European (the option can only be exercised at the expiration date)Side of the transaction Sale of the optionUnderlying Carrefour SAMaturity of the product 3 weeksNotional amount €1,000,000 (59,171 shares x 16.90)Underlying price 16.90Strike price 17.35Option premium received €5,857.93Derivatives Transaction Brokerage fees = 1,000,000 x 0.8% = €8,000
Total brokerage fees for the client in this exampleDerivatives Transaction Brokerage fees €8.000
Summary Derivatives Transaction Brokerage feesEquities
SGBT grid 0.8% of the notional amountInitial brokerage fees €8.000Total €8.000
Conclusion Total fees amount to €8,000
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Notional amount
For FX: Nominal x StrikeFor Equity: Nominal x Spot
Appendix
Appendix
Société Générale Bank & Trust
11, avenue Emile Reuter L-2420 Luxembourg Tel: (+352) 47 93 11 1 Fax: (+352) 22 88 59
www.sgbt.luSociété Anonyme (Public limited company) Luxembourg Trade & Companies register B 6061 Credit institution authorized and supervised by CSSF, 283 route d’Arlon L-1150 Luxembourg.