Maintenance fees

Maintenance fees allow to configure broker fees calculated based on the total asset value on the account.

Please note! Commission calculations are based on the account's Valuated asset base metric, which includes the sum of market values of equities, bonds, and currencies held on the account.

Management fees / Admin fees

Commission accrual and write-off logic

Both fee types follow the same configuration and calculation logic but are displayed in the system as separate transaction subtypes to simplify differentiation.

For each fee type, you can configure:

• Period - settlement frequency: monthly, quarterly, semi-annual, or annual;
• Commission currency - the currency in which fees are accrued and settled. Currency can only be changed on the first day of a new settlement period. Changing currency within an active period is not allowed—this ensures calculation integrity.
• Amount - the asset threshold up to which the specified fee rate applies;
• Rate - the annual percentage of the valuated asset base to be charged.

Multiple Value ranges with corresponding Rate values can be added using the Add rates bracket button.

Please note! Amount ranges must be arranged in ascending order. Also note that if no upper Value is specified for a rate bracket, it will apply to any amount exceeding the highest defined threshold.

Example configuration with three brackets:

Value = 10,000, Rate = 5%;

Value = 100,000, Rate = 3%;

Value not set, Rate = 1%;

Accordingly, with a Valuated asset base of 10,000 in the specified currency, the fee will be charged at 5%; from 10,001 to 100,000 — at 3%; and from 100,000 upwards — at 1%.

Daily fee accrual formula:

- At the end of each day, the account's Valuated asset base is calculated;

- Daily fee = Valuated asset base × (Rate × (1 / 365)) × Conversion rate to Commission currency

Fees are accrued daily. After processing in the Daily Operations section, they appear on the account as transactions with type Block and subtypes Management fee/Admin fee. The accumulated fee amount is blocked on the account and reflected in its Blocked metric.

On the final day of the Period, the total accumulated amount is debited from the account and recorded as a transaction with type Maintenance fee and respective subtypes Management fee/Admin fee. The transaction amount equals the sum of all Block transactions accrued during the period. Account blocks are accordingly released.

Please note! If the write-off date falls on a weekend or holiday, the debit is postponed to the next business day.