As a member of the Palestine Exchange ↗ and licensed by the Palestine Capital Market Authority ↗, Global Securities carries out the following transactions for its clients at the exchange and the Clearing, Depository and Transfer Centre.
Most of these transactions are completed by filling in and signing a dedicated form at one of our branches, together with the supporting documents required. Our client service staff will point you to the right form and its requirements before you start.
Account opening and maintenance
Service
Fee
Opening a trading account
No additional cost
Modifying investor data
Please ask about the fee
Modifying trading account status
Please ask about the fee
Adding a power of attorney to an existing account
Please ask about the fee
Withdrawing a power of attorney
Please ask about the fee
Certificates and balances
Service
Fee
Requesting a securities certificate
USD 10 per certificate, plus VAT
Depositing a securities certificate
Please ask about the fee
Electronic balance inquiry
Please ask about the fee
Investor inquiry about their securities balance at the Clearing and Transfer Centre
Please ask about the fee
Ownership transfers
Service
Fee
Transfer between relatives
0.48% of the market value of the transferred securities for each party, minimum USD 1.50 — the exchange takes 0.24% and the broker 0.24%, plus VAT
Inheritance transfer
0.72% of the market value of the transferred securities, minimum USD 1.50 for each company in which the deceased held shares — the exchange takes 0.48% and the broker 0.24%
Transfer for testamentary purposes
0.72% of the market value of the transferred securities, minimum USD 1.50 per company — the exchange takes 0.48% and the broker 0.24%
Transfer to a charitable or descendant endowment
0.72% of the market value of the transferred securities, minimum USD 1.50 for each company in which the endower held shares — the exchange takes 0.48% and the broker 0.24%
Securities endowment
0.72% of the market value of the transferred securities, minimum USD 1.50 per company — the exchange takes 0.48% and the broker 0.24%, plus VAT
Division of jointly owned securities
0.48% of the market value of the securities relinquished by each party, minimum USD 1.50 — the exchange takes 0.24% and the broker 0.24%, plus VAT
Transferring securities into trading accounts
Please ask about the fee
Transfer between accounts at different brokers
USD 7, plus VAT
Cancelling a securities transfer request to a client account with the broker
Please ask about the fee
Pledges and reservations
Service
Fee
Reserving and releasing securities
Please ask about the fee
Pledging and releasing a pledge
0.5% of the market value of the pledged securities, minimum USD 70 and maximum USD 7,000, plus VAT
Subscriptions
Service
Fee
Subscribing through the electronic subscription system
No published fee for the subscriber — the service fee is charged to the issuer
The fees above are those published on the Palestine Exchange website ↗ and are subject to change; whatever is in force at the exchange and the Clearing, Depository and Transfer Centre at the time the transaction is carried out is what applies. Where the exchange publishes no fee for a transaction, please ask about it in advance. To enquire, contact client services on +970 2 294 3515 or info@gsc.ps.
