Rates and Fees Brokerage
Fixed Income Brokerage Rates and Fees
Updated as of December 12, 2024
Peso Denominated Securities
| Peso Denominated Securities | Fee Structure |
|---|---|
| Treasury Bills | Broker’s Commission: Sales-assisted: 0.125% per annum Online through Wealth Manager: 0.05% per annum PDS Transaction Fee: 0.0025% per annum |
| Fixed Rate Treasury Notes / Retail Treasury Bonds (with remaining tenor ≤ 1 year) |
Broker’s Commission: Sales-assisted: 0.125% per annum *Online through Wealth Manager: 0.05% per annum PDS Transaction Fee: 0.0025% per annum |
| Fixed rate Treasury Notes / Retail Treasury Bonds (with remaining tenor > 1 year) |
Broker’s Commission: Sales-assisted: 0.125% *Online through Wealth Manager: 0.05% PDS Transaction Fee: 0.0025% |
| Corporate Bonds / Tier 2 Notes / Long Term Negotiable Certificates of Deposit (LTNCD) / Bank Issued Notes (with remaining tenor of ≤ 1 year) |
Broker’s Commission 0.25% per annum PDS Transaction Fee: 0.0025% |
| Corporate Bonds / Tier 2 Notes / Long Term Negotiable Certificates of Deposit (LTNCD / Bank Issued Notes (with remaining tenor of > 1 year) |
Broker’s Commission : 0.25% PDS Transaction Fee: 0.0025% |
| Zero Coupon Commercial Papers (with remaining tenor ≤ 1 year) |
Broker’s Commission: 0.25% per annum PDS Transaction Fee: 0.0025% |
| Interest Bearing Commercial Papers (with remaining tenor ≤ 1year) | Broker’s Commission: 0.25% per annum PDS Transaction Fee: 0.0025% |
| Interest Bearing Commercial Papers (with remaining tenor > 1year) | Broker’s Commission: 0.25% PDS Transaction Fee: 0.0025% |
Foreign Currency Denominated Securities
| Foreign Currency Denominated Securities (excluding Yen Denominated) | Fee Structure |
|---|---|
| US Treasury Bills / US Treasuries with remaining tenor of ≤ 1 year | Broker’s Commission: 0.125% per annum Custody Fee: 0.03% per annum |
| Commercial papers (zero coupon) | Broker’s Commission: 0.25% per annum Custody Fee: 0.03% per annum |
| Sovereign Bonds other than US Treasuries / Corporate Bonds / Global Peso Notes (GPNs) / Commercial Papers (interest bearing) with remaining tenors ≤ 1 year |
Broker’s Commission of 0.25% per annum Custody Fee: 0.03% per annum |
| US Treasuries with remaining tenor of > 1 year | Broker’s Commission: 0.125% Custody Fee: 0.03% per annum |
| Sovereign Bonds other than US Treasuries / Corporate Bonds / Global Peso Notes (GPNs) / Commercial Papers (interest bearing) with remaining tenors > 1 year |
Broker’s Commission: 0.25% Custody Fee: 0.03% per annum |
Yen Denominated Securities
| Yen Denominated Securities | Fee Structure |
|---|---|
| Treasury Bills / Commercial papers (zero coupon) | Broker’s Commission: 0.10% per annum Custody Fee: 0.03% per annum |
| Sovereign / Corporate Bonds Commercial Papers (interest paying) with remaining tenors ≤ 1 year |
Broker’s Commission: 0.10% per annum Custody Fee: 0.03% per annum |
| Sovereign / Corporate Bonds / Commercial Papers (interest paying) with remaining tenors > 1 year |
Broker’s Commission: 0.10% Custody Fee: 0.03% per annum |
Miscellaneous Fees
| Miscellaneous Fees | Fee Structure |
|---|---|
| 1. Re-printing of certificates/confirmations | PHP 100.00 |
| 2. Amendment of Account Name | PHP 2,000.00 |
| 3. Bank Certification Fee | PHP 150.00 |
| 4. Hold-out Fee for Loan-related Transactions | PHP 1,000.00 |
| 5. Service Fee for earmarking Government Securities of branches of foreign corporations in favor of SEC a. Face Value of PHP 100,000.00 up to < PHP 700,000.00 b. Face Value ≥ PHP 700,000.00 |
a. PHP 1,000.00 b. 0.15% of Face Value |
| 6. Such Other Fees, transactional or otherwise, that may be charged by third parties such as, but not limited to PDTC, PDEX, Land Bank-Trust Banking Group, MIB, etc. |
|
| 7. Other Miscellaneous Fees that may be incurred by Metrobank in the execution of transactions such as but not limited to notarial fees. |
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