Fees
For trade executed at the DSE and settled through the CSDR, an investor pays a transaction fee depending on the value of the trade. The Fee is apportioned among the following stakeholders: Stockbroker, Regulator, The Exchange, Fidelity Fund and the CSDR.
A. Equity Trades
|
Consideration TZS |
Brokerage Commission |
Transaction Fee CMSA |
Transaction Fee DSE |
Fidelity Fee |
CSD Fee |
Total Cost to investor |
|
Up to 10 mln |
1.70 |
0.14 |
0.14 |
0.02 |
0.06 |
2.06 |
|
Next 40 mln |
1.50 |
0.14 |
0.14 |
0.02 |
0.06 |
1.86 |
|
Above 50 mln |
0.80 |
0.14 |
0.14 |
0.02 |
0.06 |
1.16 |
B. Other CSDR fees
1. Membership Application Fee
|
1.1 |
Licensed Dealing Members (LDMs), Custodian Banks, Clearing Bank, Registrar, Nominated Advisors (NOMAD) and Others |
1,000,000 |
2. Annual Membership Fee
|
2.1 |
Licensed Dealing Members (LDMs), Custodian Banks, Clearing Bank, Registrar and Others |
2,000,000 |
|
2.2 |
Nominated Advisors (NOMAD) |
500,000 |
3. Annual Service Fee for maintenance of Companies Registers
3.1 Main Investment Market Segment (MIMS)
|
SN |
Average Market Capitalization |
Annual Maintenance TZS |
Additional Listing TZS |
|
3.1.1 |
Not exceeding TZS 6.5 bln |
4,000,000 |
2,000,000 |
|
3.1.2 |
More than TZS 6.5 bln but not exceeding TZS 16 bln |
6,000,000 |
3,000,000 |
|
3.1.3 |
More than TZS 16 bln but not exceeding TZS 26 bln |
7,000,000 |
3,500,000 |
|
3.1.4 |
More than TZS 26 bln but not exceeding TZS 65 bln |
8,000,000 |
4,000,000 |
|
3.1.5 |
More than TZS 65 bln but not exceeding TZS 200 bln |
9,000,000 |
4,500,000 |
|
3.1.6 |
More than TZS 200 bln but not exceeding TZS 500 bln |
11,000,000 |
5,500,000 |
|
3.1.7 |
More than TZS 500 bln |
15,000,000 |
7,500,000 |
3.2 Enterprise Growth Market (EGM)
|
SN |
Average Market Capitalization |
Annual Maintenance TZS |
Additional Listing TZS |
|
3.2.1 |
Not exceeding TZS 3.5 bln |
1,000,000 |
800,000 |
|
3.2.2 |
More than TZS 3.5 bln but not exceeding TZS 6.5 bln |
2,000,000 |
1,000,000 |
|
3.2.3 |
More than TZS 6.5 bln but not exceeding TZS 16 bln |
3,000,000 |
1,300,000 |
|
3.2.4 |
More than TZS 16 bln but not exceeding TZS 26 bln |
3,500,000 |
1,600,000 |
|
3.2.5 |
More than TZS 26 bln but not exceeding TZS 65 bln |
4,000,000 |
1,900,000 |
|
3.2.6 |
More than TZS 65 bln but not exceeding TZS 200 bln |
4,500,000 |
2,200,000 |
|
3.2.7 |
More than TZS 200 bln |
6,000,000 |
2,800,000 |
3.3 Bonds
|
SN |
Face Value of the Bond |
Annual Maintenance |
|
3.3.1 |
Any Amount (Face Value) of the Bond |
0.0015% of the Face Value Min 500,000/= Max 5 mln |
4. Transactions Fee
|
SN |
Category |
MIMS / EGM |
|
4.1 |
Standard Secondary Market Transaction Fee – EQUITY (value based) per trade |
0.06% |
|
4.2 |
Standard Secondary Market Transaction Fee – BONDS (value based) per trade: |
0.01% |
|
4.3 |
Custody Fee |
1,000 |
|
4.4 |
Consolidation of CSD Accounts and Depository Receipts |
1,000 |
|
4.5 |
Amendments |
1,000 |
|
4.6 |
Private Transfers |
2,000 |
|
4.7 |
Replacement of Depository Receipts (Re-issue) |
2,000 |
|
4.8 |
Change of LDM by CSD Account Holder |
5,000 |
|
4.9 |
Mortgage and Release of Mortgage |
10,000 |
5. IPO Processing Fee
|
SN |
Category |
MIMS |
EGM |
|
5.1 |
Verification, Validation and Uploading of Shareholders Register to the CSD |
0.5% of Market Capitalization subject to: Minimum TZS 2,000,000 Maximum TZS 10,000,000 |
0.25% of Market Capitalization subject to: Minimum TZS 1,000,000 Maximum TZS 5,000,000 |
|
5.2 |
Verification, Validation and Uploading of Bondholders Register to the CSD |
0.5% of Market Capitalization subject to Minimum TZS 2,000,000 Maximum TZS 10,000,000 |
|
|
5.3 |
Printing Depository Receipts |
TZS 1,000 per Depository Receipt |
|
6. ISIN Fees
|
6.1 |
Publicly issued securities (one-time fee) |
TZS 300,000 |
|
6.2 |
Different securities for companies that already have ISINs |
TZS 300,000 |
|
6.3 |
Unlisted securities (one-time fee) |
TZS 600,000 |
7. Other Transactions Fees
|
7.1 |
Statements |
5,000 |
|
7.2 |
Third Party Audit Confirmation Statement |
100,000 |
|
7.3 |
SMS alert services |
200 |
|
7.4 |
Custodian Banks Transactions (paid once per annum to cover transactions fees) |
1,000,000 |
8. Penalties
|
8.1 |
Late Trade Commitment (on Settlement Date) |
0.01% of the Transaction Value |