|Note: Brokerage fee is capped at 1.35% of consideration subject to a minimum charge of N500|
|SECURITY||NASD||CSCS||BROKERS||PARTIES TO BE CHARGED|
|State & Corporate Bonds||N10.00 per million of face value||N10.00 per million of face value||Nil||Seller & Buyer|
|State & Corporate Bonds||N6.00 per million of face value||N7.00 per million of face value||N2.00 per million of face value||Seller & Buyer|
Notes: If trades come from the custodians directly to NASD we charge N10/mill for both NASD and CSCS but if the trades come in through a broker, then we charge N6/mill for NASD, N7/mill for CSCS and N2/mill for brokers.
- Trading Institution One-Time Application Fee of ₦300,000 and ₦200,000 for Broker/Dealers and Brokers, respectively.
- Annual Membership Fee of ₦35,000 and ₦50,000 for Broker/Dealers and Brokers, respectively.
For further details please refer to the table below
|NASD PLC SCHEDULE OF PARTICIPANTS FEES|
|1||Registration Fee for Broker/Dealer||300,000|
|2||Annual Fee for Broker/Dealer||35,000|
|3||Registration Fee for Broker||200,000|
|4||Annual Fee for Broker||50,000|
|5||Registration Fee for Authorised Traders||50,000|
|6||Annual Fee for Authorised Traders||20,000|
|7||Annual Trading Platform Maintenance Fee||75,000|
|8||Registration Fee for Accredited Issuing House||200,000|
|9||Registration Fee for Custodian||50,000|
|10||Registration Fee for Pension Custodian||50,000|
|1||Administrative fee for trading Rights of admitted securities||250,000|
|2||Re-issuance of Trading License to Participating Institutions||20,000|
|3||Replacement of misplaced Certificates of Completion to Authorised Traders||10,000|