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Costs and Charges, Information on Financial Instruments

Rates

Costs and Charges Grids

When selling or buying to Global Markets any of the below-listed products, you will generally not incur any service cost and your costs will therefore be limited to a product cost. Should service costs exceptionally apply to a particular trade, we would notify you.

For these products, product costs correspond to the difference between the product offer price and its fair value. As defined pursuant to point (38) of paragraph I of Annex VI of the Commission Delegated Regulation (EU) 2017/653, fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction in the principal (or most advantageous) market at the measurement date under current market conditions (i.e. an exit price) regardless of whether that price is directly observable or estimated using another valuation technique.

Product Underlying Maximum levels of costs
(per annum)
    Amount Percentage

Vanilla products (IRS, Forward
Rate agreement) 

Cross currency swaps

USD, EUR, GBP, CHF, YEN, CAD,
NOK, SEK, DKK, AUD, NZD
100€ 1.00%
Other currencies  200€ 2.00%
Other rates products: options,
structured products, inflation swaps…
USD, EUR, GBP, CHF, YEN, CAD,
NOK, SEK, DKK, AUD, NZD
 100€ 1.00%
Other currencies  200€ 2.00%

 

Cost and Charges amount is based on a notional of EUR 10,000

For the below-listed products, which are considered as non packaged products, you will generally not be considered as incurring any product cost and your costs will therefore be considered as service costs. Should product costs exceptionally apply to a particular trade, we would notify you.

For these products, service costs are computed in compliance with the principle defined in paragraph 79 of the Recital of the Commission Delegated Regulation (EU) No 2017/565 according to which every difference between the price of a position for the firm and the respective price for the client should be disclosed.

Product Underlying Maximum levels of costs
(per annum)
    Amount Percentage
Bonds Govies, IG 50€ 0.50%
Others 100€ 1.00%

 

Cost and Charges amount is based on a notional of EUR 10,000

Please note that:

  • the percentage cost applies to a notional basis. The figures in the table are the maximum per annum costs and charges under normal market conditions;
  • for maturity below one year, costs are computed on the full year;
  • when you buy a linear combination of vanilla products, the maximum costs and charges can be defined as the sum of maximum costs and charges of each financial instrument;
  • the actual costs and charges may vary according to the specific circumstances of each transaction. In any event, our pricing will be determined in accordance with our best execution policy;

Additional information on this cost-and-charge disclosure is available upon request with your usual contact persons at Societe Generale SA, Societe Generale International Limited or Societe Generale Option Europe.