Investing in securities
Share and ETF trading commissions:
American Stock Exchange, NASDAQ, NASDAQ (Small Cap), New York Stock Exchange, New York Stock Exchange (ARCA), when value of one share equals or is below 10 USDUSD 0.015 per share, min. USD 14
American Stock Exchange, NASDAQ, NASDAQ (Small Cap), New York Stock Exchange, New York Stock Exchange (ARCA), when value of one share is above 10 USDUSD 0.018 per share, min. USD 14
BME Spanish Exchanges, Borsa Italiana/Milan Stock Exchange, Deutsche BORSE (XETRA), Euronext Amsterdam, Euronext Brussels, Euronext Lisbon, Euronext Paris, NASDAQ OMX Helsinki, Vienna Stock Exchange0.1% of Trade amount, but not less than min. €10
Deutsche Borse Frankfurt Floor0.35% of Trade amount (min. €60)
NASDAQ OMX Copenhagen, NASDAQ OMX Copenhagen (First North)0.1% of Trade amount, min. DKK 29
London Stock Exchange (IOB) 0.1% of Trade amount, min. USD 14
London Stock Exchange 0.1% of Trade amount, min. GBP 7
OTC Markets group (Pink Sheets), OTC Bulletin Board, when Trade amount is below 50'000 USDUSD 25
OTC Markets group (Pink Sheets), OTC Bulletin Board, when Trade amount is above 50'000 USD0.15% of Trade amount, min. USD 25
Oslo Stock Exchange 0.1% of Trade amount, min. NOK 62
NASDAQ OMX Stockholm, NASDAQ OMX Stockholm (First North)0.1% of Trade amount, min. SEK 62
SIX Swiss Exchange, SIX Swiss Exchange (Bluechip)0.1% of Trade amount, min. CHF 15
Hong Kong Exchange 0.15% of Trade amount, min. HKD 140
Purchasing and selling foreign stocks/ETF in internet bank or by phone0.5%, min. €50 / USD 65
Purchasing and selling equities at stock exchanges of the Baltic states0.4%, min. €5.70 (1)
Mutual funds trading commissions: (2)
Investing in mutual funds in Luminor Investor1% of Trade amount
Investing in mutual funds in internet bank1% of Trade amount, min. €15 / USD 20
Investing in Nordea mutual funds in internet bank1% of Trade amount, min. €1 / USD 1.30
Debt securities trading commissions:
Investing in debt securities in Luminor Investor0.2% of Trade amount, min. €15
Investing in debt securities in internet bankUp to 2% of the price, min. €50
Sale of index linked bond in secondary market (fee is included into bond price) (3)0.2% From Sales price
Other fees:
Fee for U.S. source income reporting to IRS (4)USD 90

(1) The fee is charged for executed or partially executed transaction only. It is debited in transaction trade currency or its equivalent in another currency pursuant to the currency exchange rate imposed by the Bank as of the settlement date. Some stock exchanges may charge additional duties or levies.
For Private Banking customers the minimum fee for submission of the order is EUR 15,00.
(2) Luminor Bank AS Latvian Branch receives inducements (commission) from investments fund managers for the distribution of investment fund units to the clients. The rates of commission received differ by investment fund. For further information on the inducements received and paid by Luminor Bank AS please refer to the document „Inducement Policy for the Provision of Investment and Ancillary Services“ available on the website of the Bank.
(3) Sell order may be subject to the third-party commissions, which will be included in the price of securities.
(4) The detailed information on the Annual withholding tax on income earned in USA, can be found here.

Ex-ante Information on Costs and Charges of Investment Products.

More information about Investments services can be found here.

Financial instruments account
Financial instruments account opening and closingFree

More information about Investments services can be found here.

Securities account monthly maintenance fee
Custody fee (monthly payment): (1)
- Index-linked bondsFree
- other financial instruments0.015% of the amount (min. €1)
Monthly custody fee for securities in Luminor Investor (2)0.01% of the total account value

(1) Custody fee is calculated and debited from current/investment account by the 15th calendar day of the following month.
Custody fee is calculated based on the portfolio value on the last business day of the month. Portfolio value is calculated based on nominal value for bonds and non-listed securities, market value for equities and exchange traded funds, net asset value (NAV) of the investment fund units. Where the market value of the securities is not available, most recent available price shall be used for portfolio value calculation. Where such market value is not available either, the portfolio value of the securities shall be calculated based on the nominal value of the securities.
Custody fee is calculated in Euro, for securities issued in foreign currencies  fee is calculated in accordance with the official exchange rate announced by the European Central Bank.
(2) Custody fee is calculated separately for equities, bonds and mutual funds. €0.50 per month minimum fee is applied for mutual funds asset class. No minimum fee is applied for equities and bonds.
The custody fee will be calculated daily using the end of day portfolio values and charged on a monthly basis (excluding VAT where applicable). For any currency conversions to EUR, our partner SAXO bank uses market spot exchange rate adding 0.5% margin on top. A spot exchange rate is the current price level in the market to directly exchange one currency for another, for delivery on the earliest possible value date which is provided by most Electronic Communication Network (ECN) brokers (e.g. Reuters).

More information about Investments services can be found here.

Other securities transactions
Free-of-payment transfers (FOP):
- Within the Bank (paid only by the sender) €10
- Transferring financial instruments registered in the Baltic states from Luminor to a credit institution in Baltic states€15
- Transferring financial instruments registered in the Baltic states to Luminor from a credit institution in Baltic states€1.50
- Transfer of financial instruments registered in foreign countries (except the Baltic States) from Luminor to another credit institutionTransfers of securities registered in Scandinavian countries (Norway, Sweden, Finland, Iceland): €40; Transfers of securities registered in other EU countries (not Scandinavian countries), Switzerland, USA, Canada and Japan: €50; Securities other than those mentioned above: €160
- Transfer of financial instruments registered in foreign countries (except the Baltic States) to Luminor from another credit institution€40
Delivery-versus-payment transfers (DVP):
- Within the Bank €10
- If the transaction involves the transfer of financial instruments from/to other bankTransfers of securities registered in Scandinavian countries (Norway, Sweden, Finland, Iceland): €40; Transfers of securities registered in other EU countries (not Scandinavian countries), Switzerland, USA, Canada and Japan: €50; Securities other than those mentioned above: €160
- If the transaction involves the transfer of financial instruments registered in depositaries of the Baltics states from/to another bank€15

More information about Investments services can be found here.

Reports
Financial instruments account statement and related documents:
- via internet bank Free
- at a Customer Service CenterFree
- by mail €10
Investigation of financial instruments transactions and related eventsBank's costs + 10% (1)

Note: For the purpose of this pricelist terms "financial instruments" and "securities" should be treated as interchangeable. Reference to "securities" shall mean the same as reference to "financial instruments".
(1) 10% is calculated from the Corporate Action reclaim amount, which we will receive after investigation.

Other securities related services
Deregistration of financial instruments €8
Blocking of financial instruments, incl. the shareholders' meeting €10
Issuing documents which allow customer to participate in AGM/EGM€20 + external costs
Instructing custodian banks about voluntary corporate actions based on customer instruction€20 + external costs
Other services related to corporate actions As individually agreed
Security transfer from other bank/broker to Luminor InvestorFree
Security transfer from Luminor Investor to other bank/broker€30 per ISIN
W-8BEN form processing and certification for US market access in Luminor Investor platform35 USD or €30
Inheritance and Endowment transfer fee in Luminor Investor platform10 USD per ISIN
Acquisition price correction10 USD per ISIN
Interest for negative cash account balance in Luminor Investor platform8% per annum (1)
Subscription for real time data in Luminor InvestorPrices available in the platform

Note: For the purpose of this pricelist terms "financial instruments" and "securities" should be treated as interchangeable. Reference to "securities" shall mean the same as reference to "financial instruments".

(1) Interest on the negative Luminor Investor cash account balance is calculated at the rate of the current interbank ask rate, plus fixed additional interest rate of 8%. Interest is deducted at the beginning of the month for the days of the previous month when account had a negative cash balance.