CommSec News

Costs

Australian Shares

Trade Execution	Minimum*	Above Minimum (flat)*
Share trades Internet Preferred^	$19.95 up to $10,000 transaction value	$29.95 (up to $25,000) 0.12% (above $25,000)
Share trades over the Internet	$29.95 up to $10,000 transaction value	0.31% (above $10,000)
Share trades over the phone including CommSec and Colonial Margin Lending trades	$59.95 up to $10,000 transaction value	0.52% (up to $25,000) 0.49% (up to $1m) 0.11% (above $1m)
Phone Trader	$29.95 up to $10,000 transaction value	0.31% (above $10,000)
Trades requiring settlement through a third party	$99.95 up to $15,000 transaction value	0.66% (above $15,000)
One-off trades	$66.00 up to $10,000 transaction value	0.66% (above $10,000)
Deceased estates	$81.90 up to $15,000 transaction value	0.54% (above $15,000)

*All of the above brokerage rates are on a per trade basis and include GST

The above brokerage also applies to Warrants.

^To be eligible for Internet Preferred trading, you must be CHESS sponsored by CommSec and settle your trades through a CDIA or a CommSec or Colonial Margin Loan.

Fees and rates are subject to change.

For a complete list of potential fees and charges that may apply to your account, please read our Financial Services Guide (PDF, 1539kb).

Share Packs

Trade Execution¹	Amount^*
CommSec Share Packs over the internet	$66* per pack of 6 shares
CommSec Share Packs over the telephone	$181.50* per pack of 6 shares

*All of the above brokerage rates are on a per trade basis and include GST

¹Normal brokerage will apply when a stock acquired through a CommSec Share Packs is subsequently sold.

Fees and rates are subject to change

For a complete list of potential fees and charges that may apply to your account, please read our Financial Services Guide (PDF, 1539kb).

International Shares

Costs for trading in international markets is shown, below separated into regions.

North America

Market	Brokerage	Special Costs
New York Stock Exchange NASDAQ American Stock Exchange Includes equities, foreign denominated bonds, managed funds and Options	USD$65.00 or 0.75%, whichever is greater¹	USD$1.10 per contract applies to US Option trades.
Canada	USD$65.00 or 0.75%, whichever is greater¹

Asia Pacific

Market	Brokerage	Special Costs
Japan	USD$65.00 or 0.75%, whichever is greater¹	NIL
Hong Kong	USD$65.00 or 0.75%, whichever is greater¹	NIL
Indonesia	USD$130.00 or 1.00%, whichever is greater¹	NIL
New Zealand	USD$130.00 or 1.00%, whichever is greater¹	NIL
Philippines	USD$130.00 or 1.00%, whichever is greater¹	NIL
Singapore	USD$130.00 or 1.00%, whichever is greater¹	NIL
Thailand	USD$130.00 or 1.00%, whichever is greater¹	NIL

Europe and Middle East

Market	Brokerage	Special Costs
London Stock Exchange (LSE)	USD$65.00 or 0.75%, whichever is greater¹	A stamp duty of 50 basis points may apply to buy trades executed on the LSE
Austria	USD$130.00 or 1.00%, whichever is greater¹	NIL
Belgium	USD$130.00 or 1.00%, whichever is greater¹	NIL
Denmark	USD$130.00 or 1.00%, whichever is greater¹	NIL
Finland	USD$130.00 or 1.00%, whichever is greater¹	NIL
France	USD$130.00 or 1.00%, whichever is greater¹	NIL
Germany	USD$130.00 or 1.00%, whichever is greater¹	NIL
Ireland	USD$130.00 or 1.00%, whichever is greater¹	NIL
Israel	USD$130.00 or 1.00%, whichever is greater¹	NIL
Italy	USD$130.00 or 1.00%, whichever is greater¹	NIL
Luxembourg	USD$130.00 or 1.00%, whichever is greater¹	NIL
The Netherlands	USD$130.00 or 1.00%, whichever is greater¹	NIL
Norway	USD$130.00 or 1.00%, whichever is greater¹	NIL
Portugal	USD$130.00 or 1.00%, whichever is greater¹	NIL
Spain	USD$130.00 or 1.00%, whichever is greater¹	NIL
Sweden	USD$130.00 or 1.00%, whichever is greater¹	NIL
Switzeland	USD$130.00 or 1.00%, whichever is greater¹	NIL
Turkey	USD$130.00 or 1.00%, whichever is greater¹	NIL

Fees

Exchange fees and other regulatory fees also apply. Exchange fees may be different for each exchange you trade on.

Fees type	Fees type
Custody fee for inactive accounts²	USD$68.00 per year
Outgoing account transfers to either another custodian or direct registration to client	USD$100 per transfer
Foreign Securities Custody fee	USD$2.00 per non-US holding of security per month, per account
Posted trade confirmantion fee	USD$1.80 per trade confirmation

1 For all limit and market orders which are not fully executed in the same trading day, normal brokerage will be charged for the total portion executed per day. Brokerage charges may be converted and applied in the local currency. This may result in variances in the US dollar equivalent brokerage applied.

2 Custody fees are charged to accounts defined as inactive; that is, accounts holding a security position for a calendar year (1 January to 31 Decemeber) without generating a trade, or margin interest of USD$100 or more. Systematic reinvestment activity in mutual funds and/or exchange activity in mutual funds will be considered as a trade. However dividend reinvestment activity is not considered as a trade

Balance	Interest Rate
$0 - $9,999	0.01 % p.a.
$10,000 - $19,999	1.25 % p.a.
$20,000 - $49,999	1.75 % p.a.
$50,000 - $99,999	2.25 % p.a.
$100,000 - $249,000	2.75 % p.a.
$250,000 - $499,999	3.00 % p.a.
$500,000 or more	3.25 % p.a.

Margin Loans

Margin Lending Interest Rates

Rate Term	Interest Paid in Advance	Interest Paid Monthly in Arrears
Variable	-	7.88%
3 months	7.75%	7.89%
6 months	7.70%	7.84%
9 months	7.65%	7.79%
1 year	7.60%	7.74%
2 year	7.99%	8.13%
3 year	7.99%	8.13%
5 year	7.99%	8.13%

Interest Rates are subject to change without notice. All rates are indicative only. Other fixed terms & firm rates available on application.

Margin Lending Brokerage Rates

Trade Execution	Minimum^*	Above Minimum (flat)^*
Share trades Internet	$19.95 up to $10,000 transaction value	$29.95 (up to $25,000) 0.12% (above $25,000)
Share trades over the phone	$59.95 up to $10,000 transaction value	0.52% (up to $25,000) 0.49% (above $25,000) 0.11% (above $1m)

*All of the above brokerage rates are on a per trade basis and include GST

Margin Lending Fees & Charges

Fee or Charge	Amount
Establishment Fee
Application fee for individuals	$0
Company application fee (ASIC company charge-registration fee)	$139
Trust deed investigation fee	minimum $200
Transaction Fees
Account Fee	$0
Transaction Fee	$10 per security transaction and withdrawal from loan account
Stock Lodgement (covered calls)	$10 per stock lodgement for covered call positions
Printing and postage of contract notes	$1.95
Dishonoured cheque or direct debit fee	$30
Rebooking Fee	$25
Off Market Transfer	$54
Stamp duty on transfer of managed fund units as security for loan	$50
Additional statement Fee. Quarterly and End of Financial Year statements are provided free of charge, however we may charge this fee if you request an additional interim statement	$10
Government tax or duty	Amount of government tax or duty
Account Closure Fees
Early repayment adjustment and administrative fee on fixed rate loans	Depends on amount of loan and interest rate movements
Company partial discharge fee (ASIC company charge-partial discharge fee)	$67

For a complete list of potential fees and charges that may apply to your account, please read our Scheduled Fee's and Charges (PDF) and our Financial Services Guide (PDF, 1539kb).

Fees and rates are subject to change

Exchange Traded Options

Trade Execution	Minimum*	Above Minimum* (flat)
Internet (also charged upon exercise or assignment of the option)	$34.95 up to $10,000 in premium	0.35% (above $10,000)
Phone (also charged upon exercise or assignment of the option)	$54.60 up to $10,000 in premium	0.54% (above $10,000)

*All of the above brokerage rates are on a per trade basis and include GST

ETO ASX Clear fees per contract	Amount per contract¹
Equity Option Contract (Open/Close)	$0.13 (GST exclusive)
Equity Option Contract (Exercise/Assignment)	$0.05 (GST exclusive)
Index Option Contract (Open/Close)	$0.45 (GST exclusive)
Index Option Contract (Exercise/Assignment)	$0.35 (GST exclusive)

¹ASX Clear fees have been set out on a GST exclusive basis as the total GST may be rounded in accordance with the GST law.

For a complete list of potential fees and charges that may apply to your Options account, please read our Financial Services Guide(PDF, 1539kb).

Fees and rates are subject to change

OTC CFDs Costs

For Electronic Trading Platform charges using CommSecIRESS please refer to CommSecIRESS

Commission rates start from 0.125% of the Contract Value of the CFD position (subject to a minimum of AUD$14.95).

-	Brokerage payable on opening and on closing an OTC CFD	Example
Internet trades	0.125% of the Contract Value of the OTC CFD, subject to a minimum of AUD$14.95.	Where the Closing Value is AUD$100,000 when you close your OTC CFD position, the brokerage payable on close will be AUD$125.00.
Telephone trades	0.25% of the Contract Value of the OTC CFD, subject to a minimum of AUD$54.60.	Where you enter into an OTC CFD with an Open Contract Value of AUD$100,000, the brokerage payable when you enter into the OTC CFD will be AUD$250.00.
Advised
-	Not more than 0.35% of the Contract Value, subject to a minimum of AUD$70.	You agree with your advisor that the brokerage rate on your OTC CFD account will be 0.25% and you enter into an OTC CFD with an Open Contract Value of AUD$100,000. The brokerage payable when you enter will be AUD$250.00.
Non-AUD trades Brokerage payable on opening and on closing an OTC CFD
Non-advised	Internet	Phone
Japan	0.14% of the Contract Value of the OTC CFD, subject to a minimum of JPY1500.	0.25% of the Contract Value of the OTC CFD, subject to a minimum of JPY3000.
Singapore	0.14% of the Contract Value of the OTC CFD, subject to a minimum of SGD$19.95.	0.25% of the Contract Value of the OTC CFD, subject to a minimum of SGD$39.90.
New Zealand	0.185% of the Contract Value of the OTC CFD, subject to a minimum of NZD$19.95.	0.25% of the Contract Value of the OTC CFD, subject to a minimum of NZD$39.90.
Hong Kong	0.25% of the Contract Value of the OTC CFD, subject to a minimum of HKD$90.00.	0.30% of the Contract Value of the OTC CFD, subject to a minimum of HKD$120.00.
New markets	For new international markets that CommSec makes available, the rate at which brokerage is charged will be advised to you at the time of trading but will not be more than: Internet trades: 1.00% of the Contract Value of the OTC CFD, subject to a minimum of USD$100.00. Telephone trades: 1.50% of the Contract Value of the OTC CFD, subject to a minimum of USD$100.00.	-
Advised
-	Not more than 2.00% of the Contract Value, subject to a minimum of USD$100.00.	Some international markets have trading charges. CommSec will pay local market trading charges on your behalf where they are applicable.

For a complete list of potential fees and charges that may apply to your account, please read our Financial Services Guide (PDF, 1539kb).

ASX CFDs Costs

When you open, and when you close, an ASX CFD position you will need to pay brokerage costs to CommSec. Brokerage including GST listed below is charged in the currency of the ASX CFD contract.

Product	Channel	Minimum	Percentage
ASX Australian Equity CFD	Internet trades Telephone trades	14.95 54.6	0.11 0.11
S&P/ASX 200 Index	Internet trades Telephone trades	14.95 54.6	0.055 0.11
Foreign Indices	Internet trades Telephone trades	- -	0.055 0.11
Commodities	Internet trades Telephone trades	- -	0.055 0.11
Currency pair	Internet trades Telephone trades	- -	0.055 0.11

Volume discounts are available on application for high frequency or volume traders.

ASX CFD Interest rates

Interest paid on Free Equity balances

For AUD balances, you receive interest at the RBA Target Overnight Cash rate as the Base Rate minus 1.5%. Foreign currency rates are based on the prevailing foreign currency market interest rate, which may vary to reflect business costs.

Rate:
AUD: 4.75%
USD: 0%

Interest paid on open positions

Open long positions: You pay interest at the RBA Base Rate plus 1.5% (currently 6.25% DR)

Open short positions: You receive interest at the Base Rate minus 1.5% (currently 3.25% CR)

The information on this site has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on the information on this site, consider the appropriateness of the information, having regards to the individual’s objectives, financial situation and needs, and, if necessary, seek appropriate professional advice. A Product Disclosure Statement for ASX CFD issued by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 is available from www.commsec.com.au and should be considered before making any decision about the product. Fees and charges apply.

Service	Inclusion	Cost per calendar month
CommSecIRESS subscription	Access to CommSecIRESS. Charged in arrears for the previous month.	$0 to $82.50
Standard International Markets	Live data feed of closing prices for International Market indices.	Additional $11.00
Premium International Markets	Standard International Markets plus additional real-time indices and AAP Financial News.	Additional $95.70
Domestic Markets	Dow Jones Australian News	Additional $55.00

Criteria for active clients to be eligible for free access
8 or more trades	Free access
OR
$220 or more in brokerage	Free access

Other Fees

Additional Service

Service	Fee*
Conditional Trading (upon execution)¹	$14.95 up to $40,000, then 0.12%, in addition to brokerage
Alerts	$22 per 100 alert credits (0.5 alert credit per email, 1 alert credits per SMS fired)
WebIRESS Software fee²	A royalty and software fee charged for clients who use our trading platform at a maximum of AUD$40.70 per month (inc. GST).
Platform data fee^2,3	An ASX royalty fee charged at 2.53 cents per minute between 9.30 am and 5.00 pm on weekdays, up to a maximum of AUD$41.25 per month (inc. GST) for live ASX equity prices. 1 Only the software fee is charged if eight or more confirmations are generated for the month. No software fee or data fee is charged if 16 or more contracts are generated for the month. No fees are payable if you elect not to log on to the trading platform during the month.
Printing and postage of contract notes	$1.95
Reprinting and postage of one-off trade contract notes	$10.00
Issuer sponsored sale fee⁴	Up to $10.00 in addition to brokerage
Reprinting and postage of account statements	$10.00 per statement
Reprinting and postage of CHESS statement	$16.50 per stock

*All of the above fees include GST

¹An example of a Conditional Order is a “stop loss” order. This fee is charged in addition to the standard brokerage. The fee is charged on T+1
² No software fee or data fee is charged if 16 or more contract notes are generated for the month. No fees are payable if a client has not logged onto the trading platform during the month.
³ No data fee is charged if eight (8) or more contract notes are generated for the month
⁴ Sale of shares not CHESS sponsored with CommSec may incur an additional brokerage charge to cover administration costs.

Description	Fee*
Fail fee – buy or option	$100.00 per day
Fail fee – sell	$100.00 per day or 0.1%, whichever is greater
SRN query, rebooking fee	$25.00
Invalid or rejected SRN fee	$100.00
Off market transfer fee	$54.00 per transfer
Cheque payment fee	$2.00
Cheque dishonour or rejected direct debit fee	$54.00
Rejected direct credit fee	$25.00

*All of the above fees include GST

For a complete list of potential fees and charges that may apply to your account, please read our Financial Services Guide (PDF, 1539kb).

Fees and rates are subject to change

Important Information | Privacy Policy | Contact CommSec | Financial Services Guide

© Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 ("CommSec") is a wholly owned, but non-guaranteed, subsidiary of the
Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 ("the Bank") and both entities are incorporated in Australia with limited liability.
This site is directed and available to and for the benefit of Australian residents only (2013).

Costs

Australian Shares

Share Packs

International Shares

North America

Asia Pacific

Europe and Middle East

Fees

Rates & Fees - Commonwealth Direct Investment Account

Margin Loans

Exchange Traded Options

OTC CFDs Costs

ASX CFDs Costs

ASX CFD Interest rates

CommSec IRESS

Free CommSecIRESS access

Payment options

Other Fees

Additional Service

Why choose CommSec?

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