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TARIFF OF FEES OF CENTRAL DEPOSITORY AD (Adopted by Resolution of the CDAD Board of Directors – Record № 17 of 18 December 2013,
effective from 01 January 2014, all prices are in BGN)
TABLE OF CONTENTS
I. MEMBERSHIP IN CDAD ........................................................................................................ 5
1. Affiliation installment for membership: ...................................................................................................... 5
2. Annual Membership installments ................................................................................................................. 5
3. Fees for change of the membership status ................................................................................................... 5
4. Contributions to the Guarantee Fund (GF) maintained by CDAD ........................................................... 5
II. SERVICES PROVIDED TO COMPANIES HAVING REGISTERED DEMATERIALIZED
FINANCIAL INSTRUMENTS ISSUES ...................................................................................... 5
1. Initial registration of securities issue ............................................................................................................ 6
1.1. Total amount due is calculated as a sum consisting of two components: fixed and additional: ...................... 6
1.2. Express registration:......................................................................................................................................... 6
1.3. Registration of changes (submitted in paper) of the actual data of the company – issuer of dematerialized
financial instruments – name, address or SIC: ................................................................................................. 7
2. Monthly fee for maintenance of issue data. ................................................................................................. 7
2.1. Monthly fee for the storage and maintenance of the data for the issue of dematerialized financial instruments
issued by a company with registration outside the European Union (third country): ...................................... 8
3. Provision of statements and report issue as follows: ................................................................................... 8
3.1. Shareholders / bondholders statement .............................................................................................................. 8
3.2. Statements for MF units holders ...................................................................................................................... 8
3.3. Statements for warrants holders ....................................................................................................................... 8
3.4. Report on the registered transfers for a given period ....................................................................................... 8
3.5. Report on persons who have exercised / not exercised RIGHTS upon capital increase with RIGHTS
issuance. ........................................................................................................................................................... 8
3.6. Report on the persons who have subscribed/not-subscribed shares against bonds upon capital increase with
bonds conversion into shares ........................................................................................................................... 8
3.7. Report on persons who have subscribed/non-subscribed shares against warrants upon capital increase. ....... 8
3.8. Registration of data corrections of FI owners. ................................................................................................. 9
4. Maintenance of bond issue registration ....................................................................................................... 9
5. Bond issue deregistration .............................................................................................................................. 9
6. Issuance of certificates on held FI (depository receipts) at issuer`s request. ............................................ 9
7. Registration of capital changes ................................................................................................................... 10
7.1. Registration of capital increase through IPO ................................................................................................. 10
7.2. Capital increase/decrease by changing the nominal value of the shares ........................................................ 10
7.3. Capital increase/decrease by deposit/withdrawal of securities ...................................................................... 10
7.4. Registration fee for FI conversion ................................................................................................................. 10
7.5. Transformation (take-over, merger, splitting, spinning-off, etc.) of a company with a dematerialized FI
registered issue: .............................................................................................................................................. 10
8. Registration of split ...................................................................................................................................... 11
9. Issue deregistration and issuance of a deregistration certificate ............................................................. 11
10. Issuance of company capital structure certificate. .................................................................................... 11
11. Provision of a report on shareholders, holding certain % of the company capital, as of a fixed date. . 11
12. Provision of a report on bond issue payments. .......................................................................................... 11
13. Provision of a portfolio of a dematerialized financial instruments .......................................................... 11
14. Issuance of a certificate of foreign shareholders / bondholders. .............................................................. 11
15. Service of a tender offer for repurchase under Art. 157a of the LPOS................................................... 11
16. Report on companies with State participation provided to government institutions. ........................... 12
17. ISIN code allocation. .................................................................................................................................... 12
17.1. Issuance of CFI and FISN of dematerialized FI issue. ................................................................................... 12
18. Issuance of a certificate for exercised/not exercised RIGHTS. ................................................................ 12
21. Immobilization / dematerialization of securities. ...................................................................................... 12
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22. Service of FI issues payments ...................................................................................................................... 12
22.1. Fees related to dividend or liquidation share payments: ................................................................................ 12
22.2. Fees for services related to bond issues payments: ........................................................................................ 12
23. Calculation of dividend amount and drowning up shareholders’ distribution list ................................ 12
24. Transfer of a FI portfolio in relation to: .................................................................................................... 13
24.1. Company’s transformation (take-over, merger, splitting, spinning-off); ....................................................... 13
24.2. Transfer of a commercial undertaking; .......................................................................................................... 13
24.3. Registration of securities contribution. .......................................................................................................... 13
24.4. Transformation of a company – client (FI owner) ......................................................................................... 13
25. Report on the number of Collective Investment Schemes units in circulation: ...................................... 13
26. Fee for FI issues merge without changing the total capital amount ........................................................ 13
27. Fee for using the Electronic Platform for General Meetings (EPOS): .................................................... 13
III. CSS AND REGISTRY SYSTEM OPERATIONS, ORDERED BY CDAD MEMBERS AND/OR
SYSTEM’S PARTICIPANTS ..................................................................................................................... 14
1. Message transfer .......................................................................................................................................... 14
1.1. Fee for submission of message from CDAD through SWIFT. ...................................................................... 14
2. Processing of messages, received by CDAD ............................................................................................... 14
3. Processing fee for operations, ordered in the CSS or Registration System ............................................ 14
3.1. Account opening ............................................................................................................................................ 14
3.2. FI transfer ....................................................................................................................................................... 14
3.3. Account balance checkup in line with Art. 35, para 2 of Ordinance № 38 of the Financial Supervision
Commission ................................................................................................................................................... 15
3.4. Execution of corrections in the CSS .............................................................................................................. 15
3.5. Instructed transfer status check ...................................................................................................................... 15
3.6. Fee for execution of a CDAD member’s instruction with regard to subscription of shares in cases of capital
increase .......................................................................................................................................................... 15
3.7. Issuance of a document certifying ownership of FI held in a client account with a member of the CDAD .. 15
3.8. Cancellation of a submitted instruction.......................................................................................................... 15
3.9. Creation a correlation between accounts in the Register and CSS ................................................................. 15
3.10. Termination of existing correlation between accounts in the Register and CSS ............................................ 15
4. Additional fees .............................................................................................................................................. 15
4.1. Data processing by a CDAD`s Operator ........................................................................................................ 15
4.2. Print out of trades` daily settlement statement ............................................................................................... 15
4.3. Additional information service ...................................................................................................................... 15
4.4. Special report on the daily transactions settlement results in electronic format............................................. 16
4.5. Monthly fee for provision of daily statements in electronic form for clients of CDAD members, holding
stake in public companies, insurance companies and/or banks, over the rates defined in Art. 145 of LPOS,
Art. 16a of the Insurance Code and Art. 28 of the Law on Credit Institutions. ............................................. 16
4.6. Fees for messages transmission, messages processing and processing and execution of an ordered
transaction for transfers of government securities (GS), due to the CDAD are specified in the p. 1, 2, 3 and 4
of this section. To these fees are added the fees paid by the CDAD to the BNB for registration of the
respective operation in the GS depository, as well as the fees paid to settlement service banks. .................. 16
4.7. The fees due by the CDAD to other depository institutions for FI safekeeping and operations performing
shall be re-invoiced to the participants on whose behalf FI was held and/or the operation is performed. The
re-invoicing is based on the FI volume, the safekeeping term and/or the operation that has been executed.
The calculation of the individual obligations is done after receiving information on the CDAD total
obligation amount to the particular depository institution. ............................................................................ 16
5. Processing of instructions related to the Registration System ................................................................. 16
5.1. Personal data change ...................................................................................................................................... 16
5.2. Donation FI and/or CI transfers ..................................................................................................................... 16
5.3. Fee for the inheritance procedure initiation, which includes: ........................................................................ 16
5.4. Fee for inheritance procedure termination at the heirs’ initiative at the RA (initiated the procedure).: ......... 17
5.5. Certificate for FI ownership ........................................................................................................................... 17
5.6. Issuance of a document certifying FI / CI ownership .................................................................................... 17
5.7. Issuance of a document certifying FI / CI ownership, including data on the CDAD member wherein
accounts are held ............................................................................................................................................ 17
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5.8. Issuance of a document certifying FI / CI ownership as of a former date ...................................................... 17
5.9. Issuance of a certificate under Ordinance of Council of Ministers for implementation of Art. 7(3) of the Law
on the Restoration of Property Rights in Nationalized Real Property............................................................ 17
IV. REGISTRATION OF PRIVATIZATION TRADES UNDER PRIVATIZATION AND POST-
PRIVATIZATION CONTROL ACT (PPCA) AND PAYMENTS IN CI ....................................... 17
1. Service of payments in CI under Art. 13 of Law on CI trades ................................................................. 18
2. Registration and manual processing of documents for CI trades concluded on OTC market ............. 18
3. Registration of privatization trades under Law on CI trades .................................................................. 18
V. PLEDGES REGISTRATION UNDER THE REGISTERED PLEDGES ACT .............................. 18
1. Documents check and registration of pledge circumstances .................................................................... 18
2. Pledge administration .................................................................................................................................. 18
3. Pledge deletion .............................................................................................................................................. 18
4. Registration of pledge changes .................................................................................................................... 19
5. Registration of pledge enforcement ............................................................................................................ 19
6. Registration of pledge enforcement abandonment ................................................................................... 19
7. Certificate for lack/presence of registered circumstances ........................................................................ 19
9. Fee for official pledgee registration: ........................................................................................................... 19
VI. REGISTRATION UNDER THE LAW ON FINANCIAL COLLATERAL AGREEMENTS ........... 19
1. Initial registration of a financial collateral agreement by pledge provision or ownership transfer. .... 19
2. Registration of changes in the circumstances (increasing/decreasing of FI in the already registered
collateral) under a financial collateral agreement: ................................................................................... 19
3. Registration of other changes and/or deletion of registered circumstances in a financial collateral
agreement, not subject to increasing/decreasing of FI in the collateral. ................................................. 19
4. Collateral enforcement under the LFCA ................................................................................................... 19
5. Issuance of a Certificate for registered financial collaterals. ................................................................... 19
VII. DISTRAINTS ........................................................................................................................ 20
1. Distraint registration by enforcement agent .............................................................................................. 20
2. Discharge of distraint .................................................................................................................................. 20
3. Distraint administration .............................................................................................................................. 20
3.1. FI transfer from debtor’s account/s to the enforcement agent’s account/s in case of registered enforcement
proceedings. ................................................................................................................................................... 20
3.2. FI transfer from enforcement agent’s account/s to the initial FI owner account/s in case of registration of
discharge abandonment. ................................................................................................................................. 20
4. Report on FI holdings requested by enforcement agent. .......................................................................... 20
5. Report on registered encumbrances on debtor’s FI at enforcement agent request ............................... 20
VIII. FI BLOCKING ...................................................................................................................... 20
1. Blocking and/or servicing of vinculated securities. ................................................................................... 20
2. Temporary blocking of an issue at issuer`s request with regard to the CA registration terms. ........... 20
3. FI blocking as per FI account holder`s request. ........................................................................................ 21
4. Issuance of FI blocking certificate .............................................................................................................. 21
5. FI Unblocking ............................................................................................................................................... 21
IX. IRREGULAR AND NON-STANDARD FORMAT REPORTS .................................................... 21
1. Report on securities account balances of holders for the National Revenue Agency and other
empowered public authorities. .................................................................................................................... 21
2. Irregular report on Register changes (for CDAD`s members and their clients) .................................... 21
3. Register’s Reports with non-standard format and pre-specified parameters, and due fees. ................ 21
4. Preliminary validity checks of the presented documents by a CDAD official upon client’s request. ... 21
TRANSITIONAL AND FINAL PROVISIONS ................................................................................... 22
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Abbreviations:
CA – Corporate Actions
CDAD – Central Depository AD
CI – Compensatory Instruments
CSS – Clearing and Settlement System
FI – Financial Instruments
GF – Guarantee Fund
IC – Investment Companies
II – Investment Intermediary
LPOS – Law on Public Offering of Securities
MF – Mutual Funds
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I. MEMBERSHIP IN CDAD
CDAD`s members shall pay affiliation installments for membership and regular annual
installments for keeping the status of participants in the system. The installments cover the
costs related to retention of a participants` status and incorporate access maintenance of
the members in the CDAD`s system.
1. Affiliation installment for membership:
2. Annual Membership installments
Annual membership installments shall be paid as of the approval of the Membership
application by the CDAD’s Board of Directors. The installments shall be paid in 4
quarterly installments within the first five days of the first month of the respective quarter
or in full at the beginning of the calendar year. If annual installment full amount is to be
paid by January 15th
, the amount due is paid at a discount.
Full amount Discounted amount
2.1. For Clearing Members 4 400.00 3 800.00
2.2. For Direct Members 2 100.00 2 000.00
2.3. For Non-clearing Members 1 000.00 900.00
2.4. For Management Companies 850.00 750.00
2.5. For Registrar Operators 500.00 450.00
2.6. For Registrar Agents 650.00 600.00
3. Fees for change of the membership status
Fee shall amount to 1/2 (one half) of the full annual installment payable for the applied
type of membership.
4. Contributions to the Guarantee Fund (GF) maintained by CDAD In accordance with art.132 of the LPOS, CDAD`s members shall pay to the GF an
affiliation installment and successive annual installments. Affiliation installment is paid in
the year of accession to membership within a month following the decision taken by the
Board of Directors. Annual installments are due as of the next calendar year (following
the year of accession to membership) and are paid by the end of January.
4.1. Affiliation installment to GF 200.00
4.2. Annual installment to GF 60.00
II. SERVICES PROVIDED TO COMPANIES HAVING REGISTERED
DEMATERIALIZED FINANCIAL INSTRUMENTS ISSUES
All amounts due to CDAD in regard to the provision of services to legal entities having
registered dematerialized financial instruments shall be rounded as follows:
1.1. For Clearing members 6 000.00
1.2. For Direct members 5 000.00
1.3. For Non-clearing members and Management Companies 2 000.00
1.4. For Regulated 4 000.00
1.5. For Registrar Agents 2 000.00
1.6. For Registrar Operators 2 000.00
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up to BGN 0.49, incl. – down to the nearest whole number
above BGN 0.50, incl. – up to the nearest whole number
If processing documents are provided in paper form except documents for CA prior
notice, additional fee of BGN 50 shall be paid.
1. Initial registration of securities issue
Initial registration of securities includes:
Verification of the submitted documents for initial registration: substantive check-up for
template completeness and compliance with the CDAD`s Rules and Regulations,
verification of the submitted data with the Commercial Register records and consistency
check with the information in the CDAD`s system;
Registration Company’s data into the Register;
Verification and registration of the issue details;
Opening an issue initial account and registration of all FI therein;
Registration of all FI holders along with their identity data;
In case holders of the newly registered FIs are previously registered as holders of other
FI, their personal data is to be compared for identity;
Correction of detected errors and discrepancies;
Opening of an individual account for each holder;
Transfer of the respective number of securities from the issue account to the holders’
accounts;
FI registration reporting / Registration Act.
1.1. Total amount due is calculated as a sum consisting of two components: fixed and
additional:
Fee for registration Fixed
component
Additional payment for
account maintenance
In total not
more than
Shares 1000.00 1.00 per account 15 000.00
Rights 1000.00 1.00 per account 5 000.00
Warrants 1000.00 1.00 per account 5 000.00
Bonds 1500.00 1.00 per account 5 000.00
MF units 500.00 1.00 per account 5 000.00
Derivative instruments 250.00
FI of companies Registered in 5000.00 1.00 per account 10 000.00
(third country) outside the EU
Example: Registration of rights in 73 000 accounts at the time of the registration. Amount
due equals to the sum of the fixed component for the registration of rights -
BGN 1000 + additional component (payment for maintenance) of 73 000
accounts. As the maximum amount due is fixed at BGN 10 000, hence the issuer
should pay for the registration BGN 10 000.
1.2. Express registration:
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For 1 business day / 8 working hours 300 % of the fee under p. 1.1
Within 3 business days / 24 working hours 200of the fee under p. 1.1
Not applicable to bond and rights issues. Bond issues shall be registered within 1 business
day.
1.3. Registration of changes (submitted in paper) of the actual data of the company – issuer of
dematerialized financial instruments – name, address or SIC:
Fee…………………………..BGN 20.00
2. Monthly fee for maintenance of issue data.
It includes:
maintenance of the issue general account, covering the actual issue characteristics;
maintenance of actual issuer’s data;
maintenance of FI holders details and registration of the ownership changes.
Fee is due as of the month following the issue registration to the date of the issue
deregistration.
Total amount due is calculated as a sum consisting of two components: fixed base and
additional component related to the number of accounts.
Fixed component amount: BGN 55.00
Number of accounts
Additional fee calculation
Min Max BGN
1 500 2.00
501 1 000 4.00
1 001 2 000 7.00
2 001 5 000 10.00
5 001 10 000 20.00
10 001 15 000 30.00
15 001 30 000 50.00
30 001 60 000 90.00
60 001 100 000 100.00
100 001- 120.00
Example: Number of accounts: 2859, hence issue falls within the group “min 2001, max
5000”Fee due = 50.00 + 10.00 = BGN 60.00, wherefrom BGN 50,00 is the
fixed component and BGN 10.00 is the additional component for the number of
accounts.
Maintenance fee for immobilized securities issue shall be increased by 30 %.
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2.1. Monthly fee for the storage and maintenance of the data for the issue of dematerialized
financial instruments issued by a company with registration outside the European Union
(third country):
Fee: BGN 500 per month
3. Provision of statements and report issue as follows:
3.1. Shareholders / bondholders statement
3.2. Statements for MF units holders
3.3. Statements for warrants holders
Fee amount for statements under p. 3.1. – 3.3. is determined by the number of holders.
Statements shall be requested as of a particular date. Statements shall be drawn up within
3 days after the closure of the business day to which they must be up to date.
Fee for issuance of statements within the same business day shall amount to 300% of the
initial fee and is subject to 20% VAT.
Number of shareholders Fee Fee, VAT included
1 - 500 12.00 14.40
501 - 1000 15.00 18.00
1001 - 5000 20.00 24.00
5001 - 15 000 25.00 30.00
15 001 - 30 000 30.00 36.00
30 001 - 100 000 35.00 42.00
100 001 - … 45.00 54.00
3.4. Report on the registered transfers for a given period
3.5. Report on persons who have exercised / not exercised RIGHTS upon capital increase with
RIGHTS issuance.
3.6. Report on the persons who have subscribed/not-subscribed shares against bonds upon
capital increase with bonds conversion into shares
3.7. Report on persons who have subscribed/non-subscribed shares against warrants upon
capital increase.
Fee amount for report under p. 3.4. – 3.7. is same as fee for maintenance of issue data
under p. 2, wherein 20% VAT shall be included.
9
Fee for companies that have not signed an agreement for issue maintenance with
CDAD shall amount to 300% of the initial fee and is subject to 20% VAT for issuance
of statements under p. 3.4. - 3.7.
3.8. Registration of data corrections of FI owners.
Fee………………BGN 15.00
Fee shall be applied in cases of FI transfers from the general deposit account under Art.
38, para 2 of the CDAD Rules, to the beneficial owner account, according to Art. 38, para
3 of the Rules. Each transfer shall be charged separately.
3.9. Certificate on the number of the bought back shares in the event of shares invalidation.
Fee………………………..BGN 30.00
4. Maintenance of bond issue registration
It includes:
maintenance of the issue general account, covering the actual data of the issue
characteristics;
actual data of the company- issuer of the dematerialized FI
FI holders data and registration of ownership changes
Fee is due as of the month following the registration to deregistration of the issue.
Total amount due is calculated as a sum consisting of two components: fixed component
+ additional component (payment as for the number of accounts).
Amount of the fixed component………………BGN 90.00
Number of accounts Additional fee
1 - 500 2.00
501 - 1000 4.00
1001 - 2000 7.00
2001 - 5000 10.00
5001 - 10 000 20.00
10 001 - 15 000 30.00
15 001 - 30 000 50.00
30 001 - 60 000 90.00
60 001 - 100 000 100.00
100 001 - 120.00
5. Bond issue deregistration
Fee………………BGN 500.00.
6. Issuance of certificates on held FI (depository receipts) at issuer`s request.
Fee………………BGN 1.00 per depository receipt.
10
7. Registration of capital changes
7.1. Registration of capital increase through IPO
Total amount due is calculated as a sum consisting of two components: fixed component
+ additional component (payment as for the number of accounts).
Amount of the fixed component: BGN 1000.00 + BGN 1.00 per account, not more than
BGN 50 000 in total.
7.2. Capital increase/decrease by changing the nominal value of the shares
Fee...................................BGN 300.00
7.3. Capital increase/decrease by deposit/withdrawal of securities
Fee for initial issue registration shall be applied.
7.4. Registration fee for FI conversion
The fee for FI conversion is the sum of the following fees:
The fee under item 1.1, Section II for the registration of the subscribed FI, depending
on the type, the FI are converted in;
The sum of the fees for opening all accounts for the interim issue subject to conversion,
calculated in accordance with item 1.1, Section II;
The fee under item 5, Section II, for deregistration of the convertible bond issue or fee
under item 9, Section II, for deregistration of FI issue other than bonds.
Messages related to the conversion from participants in the CSS are charged separately
under item 3.6, Section III.
7.5. Transformation (take-over, merger, splitting, spinning-off, etc.) of a company with a
dematerialized FI registered issue:
7.5.1. Registration of transformation due to corporate action (take-over, merger, splitting,
spinning-off, etc.), with a change in the company capital size:
The fee is the sum of a fixed component + additional component (payment as for the
number of accounts).
Fixed component: BGN 1 300.00 + BGN 1.00 per account to be opened, but not more
than BGN 5 000 in total.
7.5.2. Registration of transformation due to corporate action (take-over, merger, splitting,
spinning-off, etc.) without a change in the company capital size:
The fee is the sum of a fixed component + additional component (payment as for the
number of accounts).
Fixed component: BGN 1,000 + BGN 1.00 per account to be opened, but not more than
BGN 5 000 in total.
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8. Registration of split
Fee is calculated as a sum of fees under p. 7.2. and p. 7.3
9. Issue deregistration and issuance of a deregistration certificate Fee: BGN 1000.00 + BGN 1.00 per each account, not more than BGN 2000.00 in total.
Fee is subject to 20 % VAT.
10. Issuance of company capital structure certificate.
Fee……………………….BGN 25.00
Fee (incl. VAT 20%)…….BGN 30.00
11. Provision of a report on shareholders, holding certain percentage of the company
capital, as of a fixed date.
Fee……………………….BGN 50.00
Fee (incl. VAT 20%)…….BGN 60.00
Report shall be drawn up as the specified by the issuer percentage of the issue nominal
value shall be converted into number of securities. A list shall be issued containing
shareholders/bondholders names and PINs/EIN (UIC) for persons holding the specified
or higher percentage of the issue nominal value.
Fee for companies that have not signed an agreement for issue maintenance with
CDAD shall be 300% of the initial fee.
12. Provision of a report on bond issue payments.
Fee……………………….BGN 50.00
Fee (incl. VAT 20%)……..BGN 60.00
13. Provision of a portfolio of a dematerialized financial instruments
Fee…………………………BGN 80.00
Fee (incl. VAT 20%)………BGN 96.00
The fee for companies that have not signed an agreement for issue maintenance with
CDAD shall amount to 300% of the initial fee.
14. Issuance of a certificate of foreign shareholders / bondholders.
Fee……………………………BGN 50.00
Fee (incl. VAT 20%)………....BGN 60.00
The fee for companies that have not signed an agreement for issue maintenance with
CDAD shall amount to 300% of the initial fee.
15. Service of a tender offer for repurchase under Art. 157a of the LPOS
Amount due: 0,01% of the nominal value of the part of the issue, subject to the tender
offer for repurchase but not less than BGN 500.00 and not more than BGN 5 000.00
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16. Report on companies with State participation provided to government institutions.
Fee………………………………BGN 10.00
Fee (incl. VAT 20%)……………BGN 12.00
17. ISIN code allocation.
Fee………………………..……..BGN 72.00
17.1. Issuance of CFI and FISN of dematerialized FI issue.
Fee (per code incl. VAT 20%)….BGN 72.00
18. Issuance of a certificate for exercised/not exercised RIGHTS.
Fee………………………………BGN 20.00
19. Issuance of a certificate for the number of the subscribed shares in exchange to
bonds.
Fee…………………..………….BGN 20.00
20. Issuance of a certificate for payments received at the account of CDAD from sales of
RIGHTS.
Fee………………………..……..BGN 20.00
Fee (incl. VAT 20%)………..…..BGN 24.00
21. Immobilization / dematerialization of securities.
Amount due equals the fee for initial registration of the issue but increased by 30%.
22. Service of FI issues payments
22.1. Fees related to dividend or liquidation share payments:
Fee: 0.025% of the payment but not less than BGN 600.00 and not more than BGN
5 000.00 in total.
In cases, when shareholders list with dividend distribution is ordered in a different format
than offered by CDAD, the fee under 22.1 is increased by 150%.
22.2. Fees for services related to bond issues payments:
Fee: 0.01% of the payment but not less than BGN 500.00 and not more than BGN
5 000.00 in total.
In the event of second and subsequent interest payments for the same bond issue within 1
year /12 months period/, the fee shall be deducted by 50% of the fee under p. 22.2.
The fee shall be applicable also in the event of second and subsequent principal payments
within the same calendar year.
In case, when within the payment day (dividend and the principal), the fee amount and the
order for payment execution enters into CDAD, the fee under 22.1 and 22.2 shall increase
by 300%.
23. Calculation of dividend amount and drowning up shareholders’ distribution list
The fee is calculated on the basis of the shareholders number.
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Fee shall apply to companies not using services under p. 22.
Number of shareholders Fee + VAT (20%)
Up to 1 000 shareholders BGN 250.00 BGN 300.00
From 1001 to 10 000 shareholders BGN 400.00 BGN 480.00
Over 10 000 shareholders BGN 600.00 BGN 720.00
24. Transfer of a FI portfolio in relation to:
24.1. Company’s transformation (take-over, merger, splitting, spinning-off);
24.2. Transfer of a commercial undertaking;
24.3. Registration of securities contribution.
24.4. Transformation of a company – client (FI owner)
Fee……………………………..…….BGN 300.00
25. Report on the number of Collective Investment Schemes units in circulation:
Fee (monthly) ………………………… BGN 15.00
The fee is paid quarterly. If there is an accounts movement, it may also be required to
prepare summary reports on a daily basis. In these cases, to monthly fee is also added a
fee depending on the number of reports for the current month, as follows:
Number of reports Additional fee (per report)
1 - 5 BGN 5.00
6 - 10 BGN 4.00
11 - 16 BGN 3.00
17 - 22 BGN 2.50
The reports are prepared automatically upon the submitted Request in written form. In
cases where the period in the Request does not cover full quarter the fee due is only for
the months when the service was used.
The reports may be requested and received by the management company or by the
depositary of the collective investment scheme, as in the second case the Request shall be
accompanied with a written consent of the management company.
26. Fee for FI issues merge without changing the total capital amount
Fee: BGN 500.00 + BGN 1.00 per each account, not more than BGN 1 500.00 in total.
27. Fee for using the Electronic Platform for General Meetings (EPOS):
Fee for GM holding via EPOS for issuers:
Fee + VAT
Basic version BGN 1 500.00 BGN 1 800.00
Live video Streaming version BGN 2 000.00 BGN 2 400.00
via Internet
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III. CSS AND REGISTRY SYSTEM OPERATIONS, ORDERED BY CDAD
MEMBERS AND/OR SYSTEM’S PARTICIPANTS
All fees due by CDAD to SWIFT for transmission and/or receipt of messages shall be
recalculated as fees due by the receiver and/or sender of the primary message. The final
amount of the fees shall be calculated as a sum of the fees for the operations performed by
CDAD upon receipt of each message.
1. Message transfer
1.1. Fee for submission of message from CDAD through SWIFT.
Fee: in accordance with SWIFT Tariff for submission of messages.
2. Processing of messages, received by CDAD
Fee………………………………….BGN 0.15
3. Processing fee for operations, ordered in the CSS or Registration System
3.1. Account opening
Fee…………………………………BGN 0.35
3.1.1. Account opening of Money Market Funds` issues
Fee…………………………………..BGN 0.10
3.2. FI transfer
Fee…………………………………..BGN 0.45
3.2.1. FI transfers of the Money Market Funds` issues*
Fee……………………………………BGN 0.10
* Money Market funds in bonds are collective investment schemes, which are funds in
bonds and in which in the last twelve months the share of assets in bonds averaged less
than 10% based on the six-monthly reports. The management company of the Money
Market fund in bonds declares the circumstance under the preceding sentence before the
Central Depository on a six-monthly basis.
3.2.2. Repo and reverse repo trades
Fee……………………………………BGN 5.00
3.2.3. Direct lending
Fee……………………………………BGN 1.20
3.2.4. Lending from centralized information pool
Fee: BGN 1.20 + fee for usage of the specific FI for the period
3.2.5. CI transfer from personal account to client’s account after initial data registration in CI
Central Register:
Fee……………………………………BGN 1.00
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3.3. Account balance checkup in line with Art. 35, para 2 of Ordinance № 38 of the Financial
Supervision Commission
Fee……………………………………BGN 0.10
3.4. Execution of corrections in the CSS
Fee: the size of the fee for execution of the operation, subject to correction, shall apply.
3.5. Instructed transfer status check
Fee……………………………………BGN 0.10
3.6. Fee for execution of a CDAD member’s instruction with regard to subscription of shares
in cases of capital increase
Fee……………………………………BGN 0.40
3.7. Issuance of a document certifying ownership of FI held in a client account with a member
of the CDAD
Fee……………………………………BGN 1.00
3.8. Cancellation of a submitted instruction
Fee: same as p.3.2
3.9. Creation a correlation between accounts in the Register and CSS
Fee: same as p.2.
3.10. Termination of existing correlation between accounts in the Register and CSS
Fee: same as p.2.
3.11. Data processing of FI transfers from CSS to the Registration System and vice versa
Fee: same as p.2.
4. Additional fees
4.1. Data processing by a CDAD`s Operator
4.1.1. Correction requests in written form, processed manually
Fee……………………………………BGN 50.00
4.1.2. Data processing in regard to restricted share transfers (vinculated issue)
Fee……………………………………BGN 15.00
4.2. Print out of trades` daily settlement statement
Fee……………………………………BGN 100.00
Fee (incl. VAT 20%)………………....BGN 120.00
4.3. Additional information service
Fee shall apply for each entry - customized data site (message, client entry, etc.)
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Fee…………………………..…………BGN 0.30
Fee (incl. VAT 20%)………….……....BGN 0.36
4.4. Special report on the daily transactions settlement results in electronic format
Fee……………………………….……BGN 10.00
Fee (incl. VAT 20%)…………….…....BGN 12.00
4.5. Monthly fee for provision of daily statements in electronic form for clients of CDAD
members, holding stake in public companies, insurance companies and/or banks, over the
rates defined in Art. 145 of LPOS, Art. 16a of the Insurance Code and Art. 28 of the Law
on Credit Institutions.
Fee…………………………………..BGN 80.00
Fee (incl. VAT 20%)………………..BGN 96.00
4.6. Fees for messages transmission, messages processing and processing and execution of an
ordered transaction for transfers of government securities (GS), due to the CDAD are
specified in the p. 1, 2, 3 and 4 of this section. To these fees are added the fees paid by the
CDAD to the BNB for registration of the respective operation in the GS depository, as
well as the fees paid to settlement service banks.
4.7. The fees due by the CDAD to other depository institutions for FI safekeeping and
operations performing shall be re-invoiced to the participants on whose behalf FI was held
and/or the operation is performed. The re-invoicing is based on the FI volume, the
safekeeping term and/or the operation that has been executed. The calculation of the
individual obligations is done after receiving information on the CDAD total obligation
amount to the particular depository institution.
The CDAD does not collect additional fees for the FI safekeeping with other depository
institutions. Fees for the operations execution ordered by the participants in the CSS shall
be charged according to the provisions of item 1-4 of this section.
5. Processing of instructions related to the Registration System
5.1. Personal data change
Fee…………………….…...……BGN 4.00
5.2. Donation FI and/or CI transfers
Fee…………………………….…BGN 5.00
5.3. Fee for the inheritance procedure initiation, which includes:
- issuance of a certificate for dematerialized FI owned by a deceased person;
- transferring the testator’s portfolio to the RA through which the procedure was initiated;
- FI blocking:
Fee ……………………………… BGN 8.00
Fee incl.VAT……… …………… BGN 9.60
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5.4. Fee for inheritance procedure termination at the heirs’ initiative at the RA (initiated the
procedure). Includes FI unblocking and returning to the accounts where they were held
before the transfer to the RA):
Fee ………………………………..8.00 BGN
Fee incl. VAT……………………. 9.60 BGN
5.5. Certificate for FI ownership
Fee…………………………………BGN 4.00
Fee (incl. VAT 20%)………………BGN 4.80
5.6. Issuance of a document certifying FI / CI ownership
5.6.1. To natural persons
Fee…………………………………BGN 8.00
Fee (incl. VAT 20%)………………BGN 9.60
5.6.2. To legal entities
Fee…………………………………BGN 80.00
Fee (incl. VAT 20%)………………BGN 96.00
5.7. Issuance of a document certifying FI / CI ownership, including data on the CDAD
member wherein accounts are held
5.7.1. To natural persons
Fee…………………………………BGN 20.00
Fee (incl. VAT 20%)………………BGN 24.00
5.7.2. To legal entities
Fee…………………………………BGN 80.00
Fee (incl. VAT 20%)………………BGN 96.00
5.8. Issuance of a document certifying FI / CI ownership as of a former date
5.8.1. To natural persons
Fee…………………………………BGN 20.00
Fee (incl. VAT 20%)………………BGN 24.00
5.8.2. To legal entities
Fee…………………………………BGN 80.00
Fee (incl. VAT 20%)………………BGN 96.00
5.9. Issuance of a certificate under Ordinance of Council of Ministers for implementation of
Art. 7(3) of the Law on the Restoration of Property Rights in Nationalized Real Property
Fee………………………………….BGN 10.00
Fee (incl. VAT 20%)…………….....BGN 12.00
IV. REGISTRATION OF PRIVATIZATION TRADES UNDER PRIVATIZATION
AND POST-PRIVATIZATION CONTROL ACT (PPCA) AND PAYMENTS IN CI
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1. Service of payments in CI under Art. 13 of Law on CI trades
Fee is dependent on the CI payment amount as follows:
CI nominal value (amount) BGN Fee BGN
1.00 – 4 999.00 20.00
5 000.00 – 49 999.00 50.00
50 000.00 – 199 999.00 100.00
200 000.00 – 499 999.00 200.00
500 000.00 – 400.00
2. Registration and manual processing of documents for CI trades concluded on OTC
market
Fee is dependent on the CI payment amount as follows:
CI nominal value (amount) BGN Fee BGN
1.00 – 1 000.00 20.00
1 001.00 – 5 000.00 50.00
5 001.00 – 10 000.00 100.00
10 001.00 – 50 000.00 200.00
50 001 – 100 000.00 500.00
100 001.00 – 1 000.00
3. Registration of privatization trades under Law on CI trades
Fee is dependent on the FI nominal value, subject to the trade, as follows:
FI nominal value, subject to trade BGN Fee BGN
1.00 – 4 999.00 50.00
5 000.00 – 49 999.00 100.00
50 000.00 – 199 999.00 150.00
200 000.00 – 200.00
V. PLEDGES REGISTRATION UNDER THE REGISTERED PLEDGES ACT
1. Documents check and registration of pledge circumstances
Fee…………………… BGN 40.00
Fee is due for the 1st page of the application. Succeeding pages and document of consent,
if attached separately, are charged BGN 10.00 each.
2. Pledge administration
One-off fee payable at the time of the pledge circumstances registration.
Fee: 0.03% of the cash amount subject to the pledge, not less than BGN 300.00 and not
more than BGN 15 000.00
3. Pledge deletion
Fee for each record – creditor/issue…………BGN 300.00
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4. Registration of pledge changes
Fee for each record – creditor/issue …………BGN 300.00
5. Registration of pledge enforcement
Fee………………………………………..…BGN 300.00
6. Registration of pledge enforcement abandonment
Fee…………………………..………………BGN 300.00
7. Certificate for lack/presence of registered circumstances
Fee……………………………..BGN 10.00
Fee is due for each certificate record.
8. Fee for ex officio registration of existing pledges and distraints upon initial
registration of securities issue:
Fee …………………………...BGN 200.00
9. Fee for official pledgee registration:
Fee …………………………….….. BGN 50.00
VI. REGISTRATION UNDER THE LAW ON FINANCIAL COLLATERAL
AGREEMENTS (LFCA)
1. Initial registration of a financial collateral agreement by pledge provision or
ownership transfer.
Fee: 0,03 % of the FI total nominal value, not less than BGN 50.00 and not more than
BGN 15 000.00.
2. Registration of changes in the circumstances (increasing/decreasing of FI in the
already registered collateral) under a financial collateral agreement:
Fee: 0,01 % of FI total nominal value, that have been increased/decreased as subject to the
collateral, but not less than BGN 50.00 and not more than BGN 3 000.00.
3. Registration of other changes and/or deletion of registered circumstances in a
financial collateral agreement, not subject to increasing/decreasing of FI in the
collateral.
Fee…………………………BGN 50.00
4. Collateral enforcement under the LFCA
Fee: 0,003 % of FI total nominal value, subject to the collateral enforcement, not less than
BGN 50.00 and not more than BGN 15 000.00
Subject to VAT (20%).
5. Issuance of a Certificate for registered financial collaterals.
Fee due for each record.
Fee............................................................BGN 10.00, but not more than BGN 100.00
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VII. DISTRAINTS
1. Distraint registration by enforcement agent
Fee……………………………………...BGN 15.00
Fee (incl. VAT 20%)…………………...BGN 18.00
It includes distraint registration and blocking of the FI, subject to distraint.
2. Discharge of distraint
Fee……………………….BGN 15.00
Fee (incl. VAT 20%)…....BGN 18.00
It includes registration and FI unblocking.
3. Distraint administration
It includes FI transfer by instruction of an enforcement agent when enforcement
proceedings are registered and/or in case of registration of discharge abandonment.
3.1. FI transfer from debtor’s account/s to the enforcement agent’s account/s in case of
registered enforcement proceedings.
Fee……………………….BGN 15.00
Fee (incl. VAT 20%)…......BGN 18.00
3.2. FI transfer from enforcement agent’s account/s to the initial FI owner account/s in case of
registration of discharge abandonment.
Fee……………………….….….BGN 15.00
Fee (incl. VAT 20%)……...........BGN 18.00
4. Report on FI holdings requested by enforcement agent.
Fee………………………….…..BGN 20.00
Fee (incl. VAT 20%)…………...BGN 24.00
Report contains information (for the respective owner) on FI by issues and number of FI.
5. Report on registered encumbrances on debtor’s FI at enforcement agent request
Fee……………………………….BGN 20.00
Fee (incl. VAT 20%)……………..BGN 24.00
Report contains information on registered in CD AD encumbrances on FI owned by a
debtor.
VIII. FI BLOCKING
1. Blocking and/or servicing of vinculated securities.
Initial fee shall be paid…………..BGN 400.00
2. Temporary blocking of an issue at issuer`s request with regard to the CA
registration terms.
Fee……………………….….….BGN 100.00
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3. FI blocking as per FI account holder`s request.
Fee for natural person ……….…BGN 60.00
Fee (incl. VAT 20%)…………....BGN 72.00
Fee for legal entity….……………BGN 300.00
Fee (incl. VAT 20%)……….….....BGN 360.00
For blocking each subsequent issue, the fee BGN 72.00 shall be paid (for natural person
and legal entity).
4. Issuance of FI blocking certificate
Fee…………………….….…..…..BGN 100.00
Fee (incl. VAT 20%)……….….…BGN 120.00
5. FI Unblocking
Fee is applicable to FI unblocking regardless of the blocking reasons.
Fee for natural person……………. BGN 60.00
Fee (incl. VAT 20%)……………...BGN 72.00
Fee for legal entity……………….. BGN 300.00
Fee (incl. VAT 20%)……………...BGN 360.00
For unblockinf each subsequent issue, the fee BGN 72.00 shall be paid (for natural person
and legal entity).
IX. IRREGULAR AND NON-STANDARD FORMAT REPORTS
1. Report on securities account balances of holders for the National Revenue Agency
and other empowered public authorities.
Fee………………………..…..BGN 10.00
Fee (incl. VAT 20%)…….…...BGN 12.00
2. Irregular report on Register changes (for CDAD`s members and their clients)
Fee…………………………….BGN 10.00
Fee (incl. VAT 20%)…………..BGN 12.00
3. Register’s Reports with non-standard format and pre-specified parameters, and due
fees (CDAD- applicant).
Fee: CDAD shall determine in advance the amount due, depending on the volume and
complexity of the report.
4. Preliminary validity checks of the presented documents by a CDAD official upon
client’s request.
Fee due for review and verification of the documents shall be paid prior to entering the
documents into the CD AD records.
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TRANSITIONAL AND FINAL PROVISIONS
§1. Members admitted to CDAD membership prior to the enforcement of the current Tariff
shall not pay affiliation installments for direct type of membership.
§2. Six months following the Tariff enforcement, an additional fee of 50.00 BGN is due for
processing the paper documents as per Section II "Services for legal entities having
registered dematerialized financial instruments issues”
§3. Fees subject to VAT are explicitly specified in the Tariff.
§4. The Tariff enters into force as of 01 January 2014.
§5. Tariff is adopted by Decision of the Board of Directors of CDAD - Minutes № 17 of 18
December 2013, amend. Decision № 1 of 07 January 2014, amend. Minutes № 2 of 31
January 2014., amend. Minutes № 15 of 16 December 2014, amend. Minutes № 4 of 27
March 2015, amend. Minutes № 11 of 17 December 2015, amend. Minutes № 2 of 19
February 2016, amend. Minutes № 6 of 27 April 2016, amend. Minutes №1 of
27.01.2017, amend. Minutes No 7 of 07.08.2017, amend. Minutes No. 2 of 07.02.2018,
amend. Minutes No. 9 of 07.06.2018, amend. Minutes, No 11 of 27.07.2018, amend.
Minutes No. 16 of 18.10.2018, amend. Minutes No 19 of 17.12.2018, , amend. Minutes
No 3 of 26.03.2019.
