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JASDEC Announced New Fee Schedule for
Book-entry Transfer of Stock Certificates, etc. |
February 25, 2005
JASDEC decided to change the fee schedule for participants regarding
the book-entry transfer of stock certificates, etc. from the present tariff
based on the number of shares to the number of book-entry transfers, which
will be implemented on 1st of April, 2005.
The new fee schedule for book-entry transfer as to non-exchange trade
delivery (NETD) is 200 yen per transfer, 50 yen per transfer between sub-accounts
of a participant and 100 yen per transfer for exchange trade deliveries,
however, in case the total number of transfers in a month is less than the
number of transfers or more than the number of transfers calculated respectively
according to the rule, the transfer fee will be reduced by 50%.
Furthermore, the difference between the total amount of book-entry transfer
fee calculated according to the present fee schedule and the total amount
of new fee schedule for the fiscal year 2005 to 2008 will be adjusted by
20% every year.
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