Common use of BROKER’S COMPENSATION Clause in Contracts

BROKER’S COMPENSATION. 8.1 The Broker shall charge a fee for provision of services in accordance with the brokerage service fees (Fees) defined in Appendix 1 to the Agreement. 8.2 The fees defined in Appendix 1 to the Agreement may be changed by the Broker from time to time in which case they shall become effective on the 11th day after notification of the Client or publication of such changes at the official website of the Broker. 8.3 The Client shall also reimburse all operational expenses of the Broker (related to execution or routing of the Client’s orders), which may occur due to the necessity to involve third parties to ensure execution of the transactions and Final Settlement, in particular, fees charged by TSs and the Broker’s Agents (other than common and regular commission fees charged in accordance with agreements executed with Agents), etc., which vary by TS, type of transaction, its value, etc. Such expenses are not included in the fees defined in Appendix 1 to the Agreement. The reports submitted to the Client shall reflect both the specified expenses and charges made by the Broker for their reimbursement. 8.4 Where the Broker acts also as the Client’s tax agent in accordance with applicable laws, the Broker shall charge all the applicable taxes and other amounts payable by the Client and transfer them to the relevant authorities. 8.5 The Broker shall charge the fees, expenses, interests, fines and penalties under these Terms and the Agreement and any other amounts payable by the Client to the Broker out of the funds provided by the Client, and/or debit them to the bank accounts of the Client without further notice, and the Client shall ensure that sufficient funds are available on those accounts at all times. Immediately after execution or routing of Order the Broker shall charge the funds to the Brokerage Account in AMD. If the funds on the Brokerage Account in AMD are not sufficient, the amounts shall be charged to the Client’s Brokerage Accounts in other currencies and converted at the rate prevailing at the bank. 8.6 The brokerage service fees do not include fees charged by Trading Systems, stock exchanges, custodians, registrars, etc. (except for clearing fees). All such fees, if payable, shall be debited to the Client’s Account. 8.7 In response to the request of the Client the Broker shall advise on sources of information related to the fees specified in clause 8.6.

Appears in 2 contracts

Samples: Brokerage Service Agreement, Brokerage Service Agreement

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BROKER’S COMPENSATION. 8.1 7.1 The Broker shall charge a fee for provision of services in accordance with the brokerage service fees (Fees) defined in Appendix 1 to the Agreement. 8.2 7.2 The fees defined in Appendix 1 to the Agreement may be changed by the Broker from time to time in which case they shall become effective on the 11th day after notification of the Client or publication of such changes at the official website of the Broker. 8.3 7.3 The Client shall also reimburse all operational expenses of the Broker (related to execution or routing of the Client’s orders), which may occur due to the necessity to involve third parties to ensure execution of the transactions and Final Settlement, in particular, fees charged by TSs and the Broker’s Agents (other than common and regular commission fees charged in accordance with agreements executed with Agents), etc., which vary by TS, type of transaction, its value, etc. Such expenses are not included in the fees defined in Appendix 1 to the Agreement. The reports submitted to the Client shall reflect both the specified expenses and charges made by the Broker for their reimbursement. 8.4 7.4 Where the Broker acts also as the Client’s tax agent in accordance with applicable laws, the Broker shall charge all the applicable taxes and other amounts payable by the Client and transfer them to the relevant authorities. 8.5 7.5 The Broker shall charge the fees, expenses, interests, fines and penalties under these Terms and the Agreement and any other amounts payable by the Client to the Broker out of the funds provided by the Client, and/or debit them to the bank accounts of the Client without further notice, and the Client shall ensure that sufficient funds are available on those accounts at all times. Immediately after execution or routing of Order the Broker shall charge the funds to the Brokerage Account in AMD. If the funds on the Brokerage Account in AMD the respective currency are not sufficient, the amounts shall be charged to other accounts of the Client’s Brokerage Accounts in other currencies and converted at the rate prevailing at the bank. 8.6 7.6 The brokerage service fees do not include fees charged by Trading Systems, stock exchanges, custodians, registrars, etc. (except for clearing fees). All such fees, if payable, shall be debited to the Client’s Account. 8.7 7.7 In response to the request of the Client Client, the Broker shall advise on sources of information related to the fees specified in clause 8.67.6.

Appears in 1 contract

Samples: Brokerage Services Agreement

BROKER’S COMPENSATION. 8.1 5.1 The Broker shall charge a fee for provision of services in accordance with the brokerage service fees Brokerage Service Rates and Fees (Rates and Fees) defined as set forth in Appendix Annex 1 to the Agreement. 8.2 5.2 The fees defined specified in Appendix Annex 1 to the Agreement may be changed by the Broker from time to time in which case they shall become effective on the 11th day after notification of the Client or publication of such changes at the official website of the Broker. 8.3 5.3 The Client shall also reimburse all operational operating expenses of the Broker (related to execution or routing transmitting of the Client’s orders), which may occur due to the necessity to involve third parties to ensure execution of the transactions and Final Settlement, in particular, fees charged by TSs and the Broker’s Agents (other than common and regular commission fees charged in accordance with agreements executed with Agents) charged by TSs and the Broker’s Agents (including System Operators), etc., which vary by TS, type of transaction, its value, etc. Such expenses are not included in the fees defined specified in Appendix Annex 1 to the Agreement. The reports submitted to the Client shall reflect both the specified expenses and charges made by the Broker for their reimbursement. 8.4 5.4 Where the Broker acts also is required under the law to act as the Client’s tax agent in accordance with applicable lawsagent, the Broker shall charge all withhold and transfer the applicable amount of respective taxes and other amounts payable by the Client and transfer them to the relevant authoritiesClient. 8.5 5.5 The Broker shall charge be entitled to debit the fees, expenses, interestsinterest, fines and penalties under these Terms and the Agreement and any other amounts payable by the Client to the Broker out of the funds provided by the ClientBroker, and/or debit them directly to the bank accounts of the Client without further noticeserviced by the Broker if the Broker doesn't receive such amounts from the System Operator (hereby the Client gives an irrevocable instruction to the Broker for such direct debit), and the Client shall ensure that sufficient funds are available on those accounts at all times. Immediately after execution or routing of Order If there are no sufficient funds on the Client’s bank accounts to settle her/his payment obligations to the Broker, the Broker shall charge the funds be entitled to the Brokerage Account in AMD. If the funds on the Brokerage Account in AMD are not sufficient, the amounts shall be charged to enforce other property of the Client’s Brokerage Accounts in other currencies and converted at the rate prevailing at the bank. 8.6 The brokerage service fees do not include fees charged by Trading Systems, stock exchanges, custodians, registrars, etc. (except for clearing fees). All such fees, if payable, shall be debited to the Client’s Account. 8.7 5.6 In response to the request of the Client Client, the Broker shall advise on sources of information related to the fees expenses specified in clause 8.65.3.

Appears in 1 contract

Samples: Transmission of Securities Trade Orders Agreement

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BROKER’S COMPENSATION. 8.1 The Broker shall charge a fee for provision of services in accordance with the brokerage service fees (Fees) defined in Appendix 1 to the Agreement. 8.2 The fees defined in Appendix 1 to the Agreement may be changed by the Broker from time to time in which case they shall become effective on the 11th day after notification of the Client or publication of such changes at the official website of the Broker. 8.3 The Client shall also reimburse all operational expenses of the Broker (related to execution or routing of the Client’s orders), which may occur due to the necessity to involve third parties to ensure execution of the transactions and Final Settlement, in particular, fees charged by TSs and the Broker’s Agents (other than common and regular commission fees charged in accordance with agreements executed with Agents), etc., which vary by TS, type of transaction, its value, etc. Such expenses are not included in the fees defined in Appendix 1 to the Agreement. The reports submitted to the Client shall reflect both the specified expenses and charges made by the Broker for their reimbursement. 8.4 Where the Broker acts also as the Client’s tax agent in accordance with applicable laws, the Broker shall charge all the applicable taxes and other amounts payable by the Client and transfer them to the relevant authorities. 8.5 The Broker shall charge the fees, expenses, interests, fines and penalties under these Terms and the Agreement and any other amounts payable by the Client to the Broker out of the funds provided by the Client, and/or debit them to the bank accounts of the Client without further notice, and the Client shall ensure that sufficient funds are available on those accounts at all times. Immediately after execution or routing of Order Order, the Broker shall charge the funds to the Brokerage Account in AMDAccounts. If the funds on the Brokerage Account in AMD are not sufficient, the amounts shall be charged to other accounts of the Client’s Brokerage Accounts in other currencies and converted at the rate prevailing at the bank. 8.6 The brokerage service fees do not include fees charged by Trading Systems, stock exchanges, custodians, registrars, etc. (except for clearing fees). All such fees, if payable, shall be debited to the Client’s Account. 8.7 In response to the request of the Client Client, the Broker shall advise on sources of information related to the fees specified in clause 8.6.

Appears in 1 contract

Samples: Brokerage Service Agreement

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