1 Management fees and other expenses may be associated with
ETF investments. Please read the prospectus before investing. ETFs are
not guaranteed, their values change frequently and past performance
may not be repeated.
2 The minimum amount to carry out an investment fund
purchase transaction, through National Bank Direct Brokerage, is set
at $1,000.00 or corresponds to any other amount required by the
investment fund company, whichever is greater. Subsequent trades are
at least $500.00, or any other amount required by the investment fund
company, whichever is greater.
3 Options commission is $0 + $1.25/contract. A minimum fee
of $6.25/trade applies. The maximum fee is $19.95 when the transaction
value is less than $2,000. An option contract gives the holder the
right, but not the obligation, to buy or sell a given position in an
underlying security at a given exercise price. Contracts are for 100
shares. For transactions with an agent, a $60 fee + $1.25/contract applies.
4A fixed commission of $60 per position is applicable for
liquidating transactions to be carried out by National Bank Direct
Brokerage. The executor may carry out liquidating transactions
according to the regular commission schedule.
Commissions are billed in the same currency as the transaction.
Each partial execution of a transaction is subject to the full
commission, unless the transaction is executed in its entirety on the
same trading session. Full commission is charged on all separate
transaction performed on the same security. Additional fees may be
charged by the local securities exchange commission and/or by the
stock market and are billed in the same currency as the transaction.
When an order is placed through one of our services (e.g., an agent)
and then modified via another service (e.g., the website), the
commission is based on the higher of the two commissions
applicable. The commission charged to exercise an option is the same
as the one applicable when trading the underlying securities through
an agent. A currency conversion is required for any trade involving a
security in a currency other than that of the account in which the
trade is settled. When carrying out this conversion, National Bank
Direct Brokerage acts as principal and can earn, in addition to the
commission applicable to the transaction, revenue based on the spread
between the bid and ask rates. Borrowing fees, which vary according to
the market and without prior notice, may be incurred when selling
securities short or when carrying out any other transaction resulting
in a short position in an account. These fees are charged directly to
your account the following month in the currency of the account,
regardless of whether the position is covered or not. Contact one of
our agent for more information regarding these fees.
There may be situations in which National Bank Direct Brokerage
(NBDB) will receive fees or payments from third parties on
transactions it executes. Such fees and payments will not accrue to
the clients’ account and may be considered as part of NBDB’s routing
decision-making process, though this is not a sole determinant. If
such situations create a material conflict of interest, NBDB
undertakes to take the necessary steps to identify and address such
situations fairly and reasonably, in keeping with the regulatory
obligations to which it is subject in its relationships with its
clients, and considering the best interest of its clients.
