Fees

Bahrain Clear Fees
Bahrain Clear aims to offer competitive and attractive fees to its issuers, members, investors, and Custodian. The table below provides a comprehensive list of applicable fees and charges at Bahrain Clear. This list shall supersede all prior, conflicting resolutions concerning fees.

VAT charges shall apply on applicable products & services effective as of 1st June 2019. For more information please contact us on [email protected] to discuss your requirements.


ISSUER FEES
Service Name Fees Frequency
Issuance of Statements of Shareholder Register in BHC 20 fils per shareholder at a minimum of BD50 in case the statement is issued on a CD, and a minimum of BD100 in case the statement is issued as hard copies Issuance of deposited securities accounts statements in the BHC system, subject to the issuer's request
Management of Shareholders' Register 500 fils per shareholder per annum at a minimum of BD2000 and a maximum of BD10,000 Applicable per company
Issuing ISIN code for Non-listed instruments BD 20 / request Applicable per Request
IPO services (1) 0.02% Of the amount being raised capped at BD 5,000 Applicable per Request





Annual Central Depositary Fees

Paid-up Capital

Fee

Min/Max Amount

Up to BD 15 Million

0.0125% of Paid-up Capital

Minimum of BD 1,000

Amounts exceeding BD 15 Million

0.00625% of Paid-up Capital

Maximum of BD 4,000






Applicable per annum
Detailed Reports Requests (soft or hard copy) BD 1/page capped at BD 50/report Applicable per Request
AGM Services
a. AGM Management – 1st Meeting Applicable Per Request
i. Company Shareholders less than 500 i. BD300 Applicable Per Request
ii. Company shareholders – 501-1,000 ii. BD 500 Applicable Per Request
iii. Company Shareholders 1,001-2,000 iii. BD 750 Applicable Per Request
iv. Company shareholders 2,001-3,000 iv. BD 1,000 Applicable Per Request
v. Company shareholders 3,001-5,000 v. BD 1,500 Applicable Per Request
vi. Company shareholders 5,001-10,000 vi. BD 2,000 Applicable Per Request
vii. Company shareholders more than 10,000 vii. BD 2,500 Applicable Per Request
b. AGM Management – 2nd Meeting (if 1st meeting is adjourned due to insufficient quorum) BD 500 Applicable Per Request
c. AGM Management – 3rd Meeting (if 2nd meeting is adjourned due to insufficient quorum) BD 300 Applicable Per Request
Dividend Distribution Service (2) BD 0.500/shareholder; Min BD 300 and max BD 5,000 Applicable Per Request
(1) Inclusive of Temporary Office for Receiving Bank for 10 Business Days
(2) In the event of both Bonus and Cash Dividend distribution, the higher fees shall apply
Custodian Fees
Service Name Fees Frequency
Transfer of securities to custody account or vice versa without change in beneficiary owner BD 5 for each company Applicable Per Request
Electronic Connection with Equator System
Initial setup per PC BD 200 /PC Applicable Per PC
Equator User Access BD 50 /user /month Applicable Per user Per month
Password Reset BD 5 /request Applicable Per request
Connectivity Cost per Workstation BD 50 /connection / month Applicable Per connection Per month
Custody Subscriptions
Custody Admission Fees BD 1,000 Applicable upon Admission
Annual Custody Subscription Fees Average portfolio value for the previous year X 0.0025%; Minimum of BD 5000 per Annum Applicable per Annum
Custodian (DVP) late confirmation Penalty after (T+2)
If the rejection reversal request (for sale) or transfer request (for buy) is executed by BHB on (T+3) BD 50 or 0.05% of trade value whichever is the higher Per Occurrence Applicable Per Occurrence
If the rejection reversal request (for Sale) or transfer request (for Buy) is executed by BHB on (T+4) BD 250 or 0.05% of trade value whichever is the higher Per Occurrence Applicable Per Occurrence
If the rejection reversal request (for Sale) or transfer request (for Buy) is executed by BHB beyond (T+4) BD 500 Per Occurrence Applicable Per Occurrence
MEMBER FEES
Service Name Fees Frequency
Electronic Connection with Equator System
Initial setup per PC BD 200 /PC Applicable Per PC
Equator User Access BD 50 /user /month Applicable Per user Per month
Password Reset BD 5 /request Applicable Per request
Connectivity Cost per Workstation (3) BD 50 /connection / month Applicable Per connection Per month
Issued Reports
Member Related Issued Reports(Soft or hard copy) BD 1 /page capped at BD 50/report Applicable Per request
(3) In the event that Members have Trading, and Clearing, Settlement, Central Depository & Registry Systems, only one connectivity cost shall apply
Investor Fees
Service Name Fees Frequency
Trading commission Subject to the Board of Directors Resolutions No. 4/2006 and No.1/2015 with respect to the Broker's Commission on the Bahrain Bourse Equities 0.275% of Transaction Value
Sukuk 0.08% of Transaction Value
Investor Number (IN)
(Form 1A for Individuals)
Entry of investors' particulars into the BHC system BD 4 (payable once)
Investor Number (IN)
(Form 1B for Companies)
Entry of investors' particulars into the BHC system BD 9 (payable once)
Account Opening Opening the investors' account with the broker BD1
Deposit of Securities Depositing the securities with the broker Free of Charge
Securities Statement of Account Adhoc account statements regarding the transactions BD2 per statement, not exceeding two pages and an addition BD1 per each additional page
Transfer of Securities Transfer of securities other than exempted transfers BD1 per company
Exempted Transfer of Securities Exempted transfers Subject to Article (36) of the Internal Regulations as amended by Resolution (14) of 2006
Transfer of Dual Listed Companies Shares Transfer securities from BHC to other exchanges BD10 per company
Pledge Registration Pledging of securities (except margin transfers) 0.075% of the market value using pervious day closing price a minimum of BD 50,per company per request
Additional Pledge confirmation Letter (4) The fees will be imposed on the financial institution not the investor BD 10 per Security
Securities Freeze (5) Freezing of Securities will be imposed on the expert being appointed by court. If no expert is appointed, this fees is not applicable BD 10 per Company per request
Freeze & Pledge Release BD 20 per company per request
To Whom It May Concern Letter BD 10 per request
Change of Investor's Information Change Investor's Information in BHC (e.g. : Address, Contact Numbers etc...) Free of Charge
Investors Online Account Services Free of Charge (subject to eServices' Terms & Conditions of Bahrain Bourse)
Lost Certificate Request Issuance of replacement of securities certificate BD 25 per request
(4) These fees will be imposed on the Financial Institution not the investor
(5) Imposed on the Expert being appointed by Court Order. If no Expert is appointed, this fees is not applicable
Fines
Brokerage Administrative Fine
Settlement Default Amount Fee Frequency




Penalty imposed on settlement beyond T+2
BD 1 - 200,000 BD 1000 Applicable per Occurrence
BD 200,000 - 400,000 BD 2000 per Occurrence Applicable per Occurrence
BD 400,000 - 600,000 BD 3000 per Occurrence Applicable per Occurrence
BD 600,000 - 800,000 BD 4000 per Occurrence Applicable per Occurrence
BD 800,000 & Above BD 5000 per Occurrence Applicable per Occurrence