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The bank's Financial Brokerage Department (FBD) is the bearer of License No. A123 issued by the Securities Commission, participant in the Lithuanian Central Securities Depository as well as member of the National Stock Exchange, which allows for the activities of intermediation on behalf of the bank's clients in selling shares, bonds and Government securities at auctions, on the Exchange and over-the-counter. Upon your request, the FBD can assist in buying the majority holding of an enterprise, and represent your interests at auctions of state and municipal property privatisation. The bank's FBD is also a direct participant and intermediary upon purchasing Government securities in the primary market, in particular, at the auctions of the Government securities of the Republic of Lithuania.

How do I trade in securities?

Want to buy or sell securities? Please contact the FBD financial brokers, who are holders of a license confirming the relevant qualification. You will be supported with quick and professional help in selecting securities and risk acceptable for you. To this end, a representation agreement must be concluded, on the basis of which the bank will open, free of charge, a securities account and monetary account on your behalf for the purchase and sale of securities. After the conclusion of a service agreement with the bank, you can present an order to buy or sell securities. The order is presented to the broker personally by fax or in any other acceptable way, the signed original of the order being submitted later. Having received a correctly filled-in order, the broker enters it, provided there are sufficient funds in your monetary account for purchasing and in your securities account for selling securities, in the National Stock Exchange system and informs you about its execution. The brokering is subject to a set commission fee.

Fees for trade in Government securities

The fee for buying of the Government securities of the Republic of Lithuania at auctions / on the exchange is calculated on the par value (on the amount of a transaction on the exchange), but not less than LTL 5.

Transaction amount (par value) Price
From LTL 1 000 to 20 000 0.2%
From LTL 20 001 to 100 000 0.15%
From LTL 100 001 to 500 000 and a competitive bid over LTL 100 000 0.1%
Over LTL 500 000 0.05% and less

Buying or selling of Government securities of the Republic of Lithuania following the terms of purchase and sale published by the bank is not subject to any commission fee.

Fees for trade in shares

Execution of an exchange transaction (except for G-securities)* (in percentage from the transaction amount, minimal amount of commission fees is LTL 10)
From LTL 1 to 10 000 0.55%
From LTL 10 001 to 100 000 0.45%
From LTL 100 001 0.35%
Registration of an over-the-counter transaction LTL 20
Sending of transaction notifications by mail LTL 2

* National Stock Exchange commission fees are charged in addition to the bank's commission fees.

Fees for other services

Opening of a securities account and monetary account LTL 20
Encashment fee, in case of not paid-in cash 0.5% from the amount
Submission of an official bid From LTL 1 000
Sending of transaction notifications by mail LTL 2
Registration of an over-the-counter transaction LTL 20
Non-payment transfer of securities LTL 10 per order
Preparation of certifications LTL 10
Quarterly fee for account management* 0.02% for the balance, but not less than LTL 5

* The fee is charged in proportion to the balance of securities computed on the basis of stock exchange rates of the final trading sessions of the quarter or par value. Applicable to each securities account individually, if the balance exceeds the value of LTL 50 000.

AB bankas SNORAS
7 A.Vivulskio Str. LT-03221 Vilnius
Phone: + 370 5  232 7193
Fax: + 370 5  232 7300
E-mail: info@snoras.com
Toll free client line – + 370 800  27 272
 
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