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Example of fee calculation

Outline

Service contents

(i) Administration of the Information of the Issue,
(ii) administration of balance and
(iii) notice to Paying Agents of information concerning the redemption and interest payment, from the issuance until the redemption

Parties to Pay

Issuers relating to the new record (invoiced through issuing agent acting for issuer with the agent making payment on issuer's behalf)

Fee rates

Scale Total issue amount of each issue Rate
Range 1

The portion up to ¥100 million

Base rate = 0.95bp (*)
Range 2

The portion over ¥100 million & up to ¥500 million

80% of base rate
Range 3

The portion over ¥500 million & up to ¥1 billion

60% of base rate
Range 4

The portion over ¥1 billion & up to ¥5 billion

40% of base rate
Range 5

The portion over ¥5 billion & up to ¥10 billion

20% of base rate
Range 6

The portion over ¥10 billion & up to ¥50 billion

10% of base rate
Range 7

The portion over ¥50 billion & up to ¥100 billion

5% of base rate
Range 8

The portion over ¥100 billion

2.5% of base rate

(*) bp = 1/10,000

Example of calculation

  Issuance amount
Bond issue by Issuer A

¥5 billion

• Example of fee calculation

(1) Calculation of gross fee amount……total issuance amount x base rate
¥5 billion x 0.95bp = ¥475,000 (fractional amounts are rounded down)
(2) Calculation of discount………………calculation of volume discount amounts (total of calculated amounts in each range)
a (Range 2) (¥500 million - ¥100 million) x 0.95bp x (100% - 80%) = 7,600
b (Range 3) (¥1 billion - ¥500 million) x 0.95bp x (100% - 60%) = 19,000
c (Range 4) (¥5 billion - ¥1 billion) x 0.95bp x (100% - 40%) = 228,000
Total (a + b + c) = 254,600 (fractional amounts are rounded up)
(3) Calculation of fee amount invoiced
(1) - (2) = ¥475,000 - ¥254,600 = ¥220,400…Issuer A's new record service fees

For enquiries about the Book-Entry Transfer System for Corporate Bonds, please contact:

  • Book-Entry Transfer Department
    Telephone: +81-3-3661-7193

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