On CRA Charges

About CRA Charges

Dear Customer,

As you know, you should have an account in Central Registry Agency in order to carry out transactions pertaining to products such as stock, mutual fund participation certificate etc. within scope of Capital Market Board. CRA collects some fees and commissions concerning these accounts.

In parallel with amendment in fees and commissions collected by Central Registry Agency since 07.12.2016, amendments will be applied as of 07.12.2016 for the fees collected from investors.

Scale of charge that will be valid as of 07.12.2016 will be as follows.

A. Investor Account Opening and Maintenance Services

Name of Cost Calculation Time Unit Amount Collection Period
CRA account opening fee(1) Account opening Per account opened TRY 1,50* Monthly
CRA investor registry number and password sending fee(2) Sending Per sending TRY 8* Monthly
CRA account maintenance fee(3) End of day Per account opened TRY 0.00924* Monthly
*The rates are stated excluding 5% Banking and Insurance Transaction Tax. / (1) No additional fees are charged outside the Turkey Electronic Fund Distribution Platform (TEFAS) scale of charges from trading transactions of mutual fund participation share carried out in TEFAS. / (2) Minimum amount per transaction is 1 kurus.

B. Safekeeping Services

Name of Cost Calculation Time Unit Annual Commission Rate Collection Period
Custodian fee of private sector debt instruments and government debt securities for the capital End of day Nominal value 0,005%* Monthly
Custodian fee of private sector debt instruments and government debt securities for the coupon End of day Nominal value 0,0005%* Monthly
Fund shares affiliated to stock and participation umbrella fund End of day Market value of total fund in custody 0,005%* Monthly
Other mutual fund shares End of day Market value of total fund in custody 0,01%* Monthly
*Fees are stated excluding 5% Banking and Insurance Transaction Tax.

C. Trading Commission and Capital/Coupon Redemption

Name of Cost Calculation Time Unit Rate Collection Period
Mutual fund participation share Trading transaction commission(1) (2) Trading Transaction amount 0,001%* Monthly
Government debt securities trading transaction commission Trading Number of transactions TRY 0.015* Monthly
Private sector debt instruments capital and coupon redemption Coupon, redemption Amount paid 0,01%* Monthly
*The rates are stated excluding 5% Banking and Insurance Transaction Tax. / (1) No additional fees are charged outside the Turkey Electronic Fund Distribution Platform (TEFAS) scale of charges from trading transactions of mutual fund participation share carried out in TEFAS. / (2) Minimum amount per transaction is 1 kurus. / 50% discount is applied at the rate of 0,001 for 2016 mutual fund trading transactions.