Fees

FEES

Transaction Fee

For each trade executed at the DSE and that is settled through the CSDR, an investor pays a transaction fee that depends on the value of the trade. The Fee is apportioned among the following: Stock Broker that executed the trade; Regulator; Exchange; Fidelity Fund and the CSDR.

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

Other CSDR fees

Membership Application Fee

1.1

Licensed Dealing Members (LDMs), Custodian Banks, Clearing Bank, Registrar and Others

2,000,000

1.2

Nominated Advisors (NOMAD)

1,000,000

2. Annual Membership Fee

1.1

Licensed Dealing Members (LDMs), Custodian Banks, Clearing Bank, Registrar and Others

1,000,000

1.2

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

4. Transactions Fee

SN

Category

MIMS / EGM

4.1

Standard Secondary Market Transaction Fee – EQUITY (value based)

0.06%

4.2

Standard Secondary Market Transaction Fee – BONDS (value based)

0.015%

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

2,000

4.9

Mortgage and Release of Mortgage

10,000

 

5. IPO Processing Fee

SN

Category

MIMS

EGM

6.1

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

6.2

Printing Depository Receipts

TZS 1,000 per Dep. Receipt

TZS 1,000 per Dep. Receipt

6. Other Transactions Fees

7.1

Statements

5,000

7.2

Third Party Audit Confirmation Statement (External Auditor)

100,000

7.3

SMS alert services

200

7.4

Custodian Banks Transactions (paid once per annum to cover transactions fees)

1,000,000

7. Penalties

8.1

Late Trade Commitment (on Settlement Date)

0.01% of the Transaction Value