Members of the NASDAQ OMX Vilnius shall pay membership fees, SAXESS connectivity fees and commission fees for transactions concluded on the NASDAQ OMX Vilnius.

The Baltic Market implements enhanced price transparency for cash equity trading and settlement activities pursuant to the European Code of Conduct on clearing and settlement. Pursuant to the price transparency requirements to be implemented by 31st December 2006, OMX is providing its clients with easier access to information on fees relating to cash equity trading services on the Baltic Market (Riga, Tallinn, Vilnius). Such applicable fees cover trading related services and membership. There are no CCP services in relation to cash equities transactions on the Baltic Market. Settlement services for cash equities on the Baltic Market are provided by the Estonian Central Securities Depository (Tallinn), Latvian Central Depository (Riga) and Central Securities Depository of Lithuania (Vilnius), which are fully or partly owned by NASDAQ OMX.

Commission fees for transactions concluded on NASDAQ OMX Vilnius
 

The size of the commission fee depends on the type of securities and transactions.

The following fees shall be paid for the automatically matched trades on the VSE:
- 0.045% of the value per trade for each party to the trade, except trades in debt securities;
- 0.01% of the value per trade, but not more than LTL 100 for each party to the trade, where the trade is concluded in debt securities (except for debt securities issued by the Republic of Lithuania).
- The minimum fee per each placed order, the execution whereof has started as an Automatically Matched Trade, shall be LTL 1.00. If the order is under execution for several days, the minimum fee for each placed order, the execution whereof has started, shall be calculated for each day of the order execution.

The commission fees for Manual Trades concluded on the VSE shall amount to the following:
- 0.03% of the value of the trade, but no more than LTL 500 per each party to the trade, where the trade is reported as “Standard” or the “Exchange Granted Trade”, except trades in debt securities;
- 0.01% of the value per trade, but no more than LTL 100 for each party to the trade, where the Manual Trade is reported in debt securities (except debt securities issued by the Republic of Lithuania);
- The minimum fee for one placed and concluded Manual Trade shall be LTL 1.00.

The commission fees for trades concluded during public share sale, execution of a tender offer and public offering of a share issue shall amount to the following:
- 0.05% of the value per tender offer trade, but no more than LTL 7,500 for each party to the trade
- the fee for a tender offer auction execution shall amount to LTL 1,000 per Buyer
- 0.05% of the value per public share sale trade, but no more than LTL 7,500 per each Buyer
- 0.05% of the value per public share offering trade, but no more than LTL 7,500 per each Buyer. The amount of the fee payable for the organising of the public share offering shall be agreed between the VSE and the Offeror in each individual case separately.

Examples of calculation of the NASDAQ OMX Vilnius transaction fees

Membership fees

Exchange member shall pay annual membership fee to VSE in amount of LTL 17,265.

Annual membership fee is waived for the member who having obtained the membership status of the Riga and/or NASDAQ OMX Tallinn, is paying the membership fee respectively to the Tallinn or NASDAQ OMX Riga.
Annual membership fee is waived for the member belonging to the Group, for which Group-based membership fee has been paid respectively to the Tallinn or NASDAQ OMX Riga, provided that such group-based membership fee includes the right to operate also on the Vilnius Stock Exchange.
If a subsidiary and (or) parent company and (or) subsidiary of the parent company of the VSE member (the Group) is simultaneously a member of the NASDAQ OMX Vilnius and (or) NASDAQ OMX Riga and (or) Tallinn Stock Exchange, the Group-based membership fee may be paid in accordance with a, b or c.
Group-based membership fee applies as follows:
a) LTL 17,265 per annum for the Group which holds VSE membership;
b) LTL 27,622 per annum, if the Group holds membership of VSE and Riga or NASDAQ OMX Tallinn;
c) LTL 34 528 per annum, if the Group holds membership of VSE and Riga and Tallinn Stock Exchanges.

Examples of calculation of NASDAQ OMX Vilnius membership fee

Fees for connection to the trading system SAXESS