Truly Rich Club friends have been asking about the trading fees and handling charges in COL Financial, plus some sample computations.
Here's the info available online:
The following lists the corresponding charges for buying and selling transactions:
FOR BUYING AND SELLING:
| FEE | AMOUNT | REMARKS |
|---|---|---|
| Commission | .25% | Of the Gross Trade Amount |
| Value Add Tax (VAT) | 12% | Of Commission |
| Philippine Stock Exchange Transaction Fee (PSE Trans Fee) | .005% | Of the Gross Trade Amount |
| Securities Clearing Corporation of the Philippines Fee (SCCP) | .01% | Of Gross Trade Amount |
| ADDITIONAL FEE FOR SELLING | ||
| Sales Tax | No. of Shares x Price x .005 | |
* Note: The Commission fee has a minimum charge of P20.00 per transaction. And if you require a broker-assisted trade, the commission charge is .5% of the Gross Trade Amount.
EXAMPLE:
Buying - Total fees for buying 20,000 shares of ALI at Php5.00/share
| FEE | COMPUTATION | AMOUNT |
|---|---|---|
| Commission | (20,000 x P5.00) x .25% | P250.00 |
| VAT | P250 x 12% | P30.00 |
| PSE Trans Fee | (20,000 x P5.00) x .005% | P5.00 |
| SCCP | (20,000 x P5.00) x .01% | P10.00 |
| Total | P295.00 |
Selling - Total fees for selling 20,000 shares of ALI at Php5.20/share
| FEE | COMPUTATION | AMOUNT |
|---|---|---|
| Commission | (20,000 x P5.20) x .25% | P260.00 |
| VAT | P260 x 12% | P31.20 |
| PSE Trans Fee | (20,000 x P5.20) x .005% | P5.20 |
| SCCP | (20,000 x P5.20) x .01% | P10.40 |
| Sales Tax | 20,000 x P5.20 x .005 | P520 |
| Total | P826.80 |
Each computed charge listed above are rounded to hundredths (2 decimal places) using Symmetric Arithmetic Rounding*
for the calculation of the total fees.
EXAMPLES
3.044 rounded to hundredths is 3.04 (because the next digit, 4, is less than 5).
3.046 rounded to hundredths is 3.05 (because the next digit, 6, is 5 or more).
3.045 rounded to hundredths is 3.05 (because the next digit, 5, is 5 or more).
COL Financial Handling Charges
1. Lodgement fee (Depositing a Stock Certificate) - A Lodging fee of Php120 + VAT per stock will be charged with an additional Php20 + VAT per certificate of the same stock after the first certificate.
2. Electronic Share Transfer (Broker to Broker) - Electronic transfer can take one or two days and would entail a cost to the customer of Php75.00/per stock from the issuing broker and the receiving broker.
3. Upliftment fee (Request a Certificate) - Requesting a certificate would entail an Uplifting charge of Php150+VAT per stock, and could take up to a month to generate a new certificate.
Recent Comments