INVESTMENT

SERVICES
09UKEN29C
Schedule of charges

www.theworldsprivatebank.com
 INVESTMENT SERVICES SCHEDULE OF CHARGES OPTION 2: Transaction and Administration Fee
This schedule of charges sets out details of the fees, charges and commissions paid and This option allows you to pay for the transaction, custody and administration charges
received in connection with investment services provided by HSBC Private Bank (UK) Limited separately. When trading in non-GBP assets, the foreign currency equivalent to the below
and its associates. transaction value bands will apply.

ADVISORY SERVICES
No charges are made for provision of advice, however charges are made for dealing, custody
TRANSACTION COMMISSIONS
and administration. A portion of these will be paid to HSBC Private Bank (UK) Limited by
HSBC Bank Plc. There are two ways of paying for this service:
ALL GLOBAL EQUITIES
(including preference and convertible securities)
OPTION 1: All Inclusive Fee
This fee covers all charges for transactions, safe custody and administration. The fee is
TRANSACTION VALUE COMMISSION PAYABLE
calculated on the average daily market value of the portfolio and charged quarterly in arrears.
The fees are VAT liable. Cash and the HSBC liquidity funds may be exempt from the fee. Up to GBP99,999 0.75%
The fee does not include market charges or (fixed term deposit) breakage charges.
GBP100,000 – GBP499,999 0.35%

In excess of GBP499,999 0.20%

(Subject to a minimum of GBP100 per trade)

ANNUAL MINIMUM
GB
P

Up to GBP999,999 1.25% GBP7,500

In some markets, charges levied by local brokers including taxes, exchange
GBP1,000,000 - GBP2,999,999 1.00% GBP12,500 levies and commissions will be charged in addition.
These charges may also be levied by an associate of the HSBC Group. Details
GBP3,000,000 - GBP4,999,999 0.75% GBP30,000
of commission and charges on individual deals are available upon request.
GBP5,000,000 - GBP9,999,999 0.60% GBP37,500
In excess of GBP9,999,999 0.50% GBP60,000 ALL FIXED INTEREST SECURITIES

ANNUAL MINIMUM TRANSACTION VALUE COMMISSION PAYABLE

US
D

Up to USD1,499,999 1.25% USD11,250 Up to GBP99,999 0.50%

USD1,500,000 - USD4,499,999 1.00% USD18,750 GBP100,000 – GBP499,999 0.30%

USD4,500,000 - USD7,499,999 0.75% USD45,000 In excess of GBP499,999 0.20%

USD7,500,000 - USD14,999,999 0.60% USD56,250 (Subject to a minimum of GBP100 per trade)

In excess of USD 14,999,999 0.50% USD90,000

FUNDS
(unit trusts, hedge funds and open ended investment companies (OEICs).

ANNUAL MINIMUM
EU
R

Up to EUR1,249,999 1.25% EUR9,375 TRANSACTION VALUE COMMISSION PAYABLE

EUR1,250,000 - EUR3,749,999 1.00% EUR15,625 Up to GBP99,999 1.00%

EUR3,750,000 - EUR6,249,999 0.75% EUR37,500 GBP100,000 – GBP499,999 0.75%

EUR6,250,000 - EUR12,499,999 0.60% EUR46,875 In excess of GBP499,999 0.50%

In excess of EUR12,499,999 0.50% EUR75,000 (Subject to a minimum of GBP100 per trade)

A GBP500 administrative charge may apply for funds if HSBC is required to create a new
account with the external fund provider. No fee is charged on the HSBC Liquidity fund
All of the above charges are excluding VAT

3 4
 Administration charges* + VAT
Administration charges will be calculated on the average daily market value and charged
quarterly in arrears. The fees are VAT liable. Cash and HSBC liquidity funds may be exempt PBGB MULTI ASSET PBGB FIXED INCOME
from the fee. The fees do not include market charges or (fixed term deposit) breakage charges
on the portfolio value.

G
BP
ANNUAL MINIMUM ANNUAL MINIMUM

Up to GBP999,999 1.25% GBP7,500 0.80% GBP6,250

FOR ALL OTHER COUNTRIES THE FOLLOWING RATES WILL APPLY: GBP1,000,000 - GBP2,999,999 1.00% GBP12,500 0.70% GBP8,000
GBP3,000,000 - GBP4,999,999 0.75% GBP30,000 0.60% GBP21,000

ANNUAL MINIMUM GBP5,000,000 - GBP9,999,999 0.60% GBP37,500 0.50% GBP30,000

G
BP

In excess of GBP9,999 999 0.50% GBP60,000 0.40% GBP50,000

Up to GBP999,999 0.30% GBP1,000
GBP1,000,000 – GBP2,999,999 0.25% GBP3,000

U
SD
GBP3,000,000 – GBP4,999,999 0.20% GBP7,500 ANNUAL MINIMUM ANNUAL MINIMUM
GBP5,000,000 – GBP9,999,999 0.15% GBP10,000 Up to USD1,499,999 1.25% USD11,250 0.80% USD9,375
In excess of GBP9,999,999 0.10% GBP15,000 USD1,500,000 - USD4,499,999 1.00% USD18,750 0.70% USD12,000
U

USD4,500,000 - USD7,499,999 0.75% USD45,000 0.60% USD31,500

SD

Up to USD1,499,999 0.30% USD1,500

USD7,500,000 - USD14,999,999 0.60% USD56,250 0.50% USD45,000
USD1,500,000 – USD4,499,999 0.25% USD4,500
In excess of USD14,999,999 0.50% USD90,000 0.40% USD75,000
USD4,500,000 – USD7,499,999 0.20% USD11,250
USD7,500,000 – USD14,999,999 0.15% USD15,000

EU
ANNUAL MINIMUM ANNUAL MINIMUM

R
In excess of USD14,999,999 0.10% USD22,500
Up to EUR1,249,999 1.25% EUR9,375 0.80% EUR7,813
EU
R

Up to EUR1,249,999 0.30% EUR1,250

EUR1,250,000 - EUR3,749,999 1.00% EUR15,625 0.70% EUR10,000
EUR1,250,000 – EUR3,749,999 0.25% EUR3,750
EUR3,750,000 - EUR6,249,999 0.75% EUR37,500 0.60% EUR26,250
EUR3,750,000 – EUR6,249,999 0.20% EUR9,375
EUR6,250,000 - EUR12,499,999 0.60% EUR46,875 0.50% EUR37,500
EUR6,250,000 – EUR12,499,999 0.15% EUR12,500
In excess of EUR12,499,999 0.50% EUR75,000 0.40% EUR62,500
In excess of EUR12,499,999 0.10% EUR18,750

*A rate of 3% of the value of the holding will be levied for countries that require local custody.
These countries are Greece, Hungary, India, Korea, Malaysia, Poland, Russia, Taiwan and Turkey. HEDGE FUNDS ADVISORY DISCRETIONARY
(Subject to a minimum of GBP500).
ANNUAL ANNUAL
USD3,000,000 - USD19,999,999 N/A 1.40%
Discretionary Investment Services USD20,000,000 - USD49,999,999 1.25% 1.25%
This fee covers all charges for transactions, safe custody and administration. The fee is USD50,000,000 - USD99,999,999 1.00% 1.00%
calculated on the market value of the portfolio and charged either monthly or quarterly in
arrears depending on the service you select. The fees are VAT liable. The fee does not include
market charges. *All of the above charges are excluding VAT

These fees include HSBC Private Bank (UK) Limited services and HSBC Global Asset
Management Services but exclude HSBC Global Asset Management’s Absolute Return
Service and bespoke portfolios.

Where relevant, the charges over will include amounts payable to your chosen overseas
company in respect of the discretionary services it provides for you. Your chosen overseas
company will collect these charges on behalf of itself and HSBC Private Bank (UK) Limited. This
fee is calculated on the month-end market value of the portfolio and charged quarterly in arrears.

5 6
 Miscellaneous charges

STRUCTURED PRODUCTS PROBATE AND SPECIAL VALUATION FEES

Please refer to individual product term sheets for charges and conditions. In addition to providing quarterly valuations free of charge, we also provide formal
Details will be confirmed on the transaction contract note. and backdated valuations at the following rates:

Charge per line GBP25 + VAT

FIXED DEPOSIT
Minimum fee per valuation GBP75 + VAT

Fixed deposits are available for amounts in excess of GBP100,000 for terms of one
month or more. Breakages will incur a Cost of Funds Fee and Interest Penalty
Fee as well as a standard GBP250 Administration Fee. Cost of Funds and Interest
Penalty Fees will be unique to the particular deposit.
TERMINATION OR TRANSFER FEES
Termination or transfer of portfolios will incur a pro-rata fee for the period from
the last charge date to the date the closure/transfer instruction is received.

PEP & ISA

UK security transfer fee of GBP15 per line + VAT

Custody and administration charges 1% per annum + VAT Overeas security transfer fee of GBP50 per line + VAT

Trading commission 1.10%, minimum GBP25 for funds

Under normal circumstances, all stock transfers into our nominee company
will be made free of charge.
COMPANY REPORTS

NOTES
HSBC Private Bank (UK) Limited has the ability to provide company reports
to clients if you request them.
These charges are subject to change but not without 30 days’ prior notice to
existing clients and we reserve the right to discount or waive charges.
Company reports charge GBP250 per annum + VAT Other charges, taxes and duties may be levied where applicable, including VAT.

PROXY VOTING

HSBC Private Bank (UK) Limited has the ability to vote on the behalf of clients,
following your request and voting instructions.

Charge per proxy vote GBP80 + VAT

7 8
 Addendum to the Schedule of charges
This addendum to the current Schedule of
charges is sent for information purposes and
in compliance with the requirements of the
Markets in Financial Instruments Directive
(MiFID). It provides further information
about costs, charges, fees and commissions
that are levied by HSBC Private Bank (UK)
Limited (“Private Bank”) and HSBC Bank Plc
applicable to the provision of the services as
per our agreement.
The information noted below provides
additional detail on our charging structure.
It does not change the charging structure or
the serviceswe provide.
1. Sundry payments and receipts
of fees and commissions etc
Where permitted by the Financial Services
Authority and in the course of providing
investment services to you, we may pay or
receive fees, commissions or non-monetary
benefits to and from third parties. These are
summarised below.
A. TRAIL FEES
In the course of providing investment
services, we may purchase units in
collective investment schemes on behalf of
clients from fund management groups. We
have arrangements with some of these fund
management groups to pay us a proportion
of their annual management charge. These
payments are typically between 0% and 1%
per annum (depending on the underlying
asset class and/or investments) of the value
of the holding in each collective investment
scheme held by HSBC Bank Plc on behalf
of our clients.
B. INTRODUCTORY FEES
We may introduce you to an HSBC Group
or non-HSBC Group entity for the provision
of discretionary management services. In
some instances we will receive a fee from
that company on an ongoing basis. The fee
is based upon a percentage of the income
earned by the discretionary manager and
typically varies between 25% and 70%
of the annual total of all commission and
management fees paid by you.
9 10
We will pay an on-going fee to an
Introducer, where your relationship with
the Private Bank is or was introduced by
an HSBC Group or non-HSBC Group entity
The fee is based on a percentage of the
commission and/or management fee paid
by you as detailed in our agreement with
the Introducer. The total fee payable to the
Introducer is typically no more than 50%
of the annual total of all commission and
management fees paid by you.
C. BANK INTEREST
HSBC Bank Plc may receive interest
in respect of monies held in our omnibus
account on an overnight deposit basis
in the ordinary course of its business.
Private Bank arranges for HSBC Bank Plc
to pay interest on the cleared settled funds
balance held in our account and will not
include the value of any cheques issued, or
received awaiting clearance.
The interest rates applicable will be
dependent on the value of the cleared
settled funds balance held by HSBC Bank
Plc on a daily basis. The interest rate paid by
HSBC Bank Plc is intended to be competitive
with an equivalent type of account in the
market place and under certain market
conditions the interest rate may be zero.
Alternatively, if agreed with you on a fixed
term basis, fixed term deposits will be
arranged by Private Bank on your behalf with
HSBC Bank Plc at a pre-agreed interest rate
for the term of the deposit. HSBC Bank Plc
currently pays to Private Bank a fee which
represents a share of the difference between
the rates of interest offered by HSBC Bank
Plc to you and the rates it achieves during
the ordinary course of its business.
D. FOREIGN EXCHANGE 3. General
We always seek to act in your best interests
In the course of providing investment
services, Private Bank may request HSBC and any of the receipts or payments
described above are designed to improve the
Bank Plc to perform FX (foreign exchange)
transactions on your account. HSBC Bank quality of the service provided to you.
Plc can execute such FX orders at wholesale The Schedule of charges issued by Private
rates that would otherwise not be available Bank represents the total fees payable to
to you. HSBC Bank Plc currently pays to both HSBC Bank Plc and Private Bank under
Private Bank a 50% share of the wholesale the terms of our agreement. All fees and
margin which it achieves in the ordinary commissions payable by you are deducted
course of its business. from your account with HSBC Bank Plc.
E. STRUCTURED PRODUCTS AND OVER If you require any further details on the
THE COUNTER DERIVATIVES above, or further details on other specific
charges applicable to any market or a
The prices at which HSBC Bank Plc and specific breakdown of the actual charges on
other counterparties offers structured any contract, these will be made available to
products and over the counter (“OTC”) you on request.
derivatives will include a profit margin.
This profit margin will vary according to
the nature of the instrument and its duration
and will be shared between Private Bank
and HSBC Bank Plc.
F. TRADED INSTRUMENTS
Under the terms of our agreement all other
transactions in investments will be executed
on your behalf by HSBC Bank Plc. The
commission rates set out in the Schedule
of charges for each of these instruments
represents the total fee payable by you for
the services provided by both Private Bank
and HSBC Bank Plc.
2. Non-monetary benefits
Private Bank and HSBC Bank Plc maintain
policies of how any non-monetary benefits
received or provided by our staff are
managed. These benefits may be received
from or provided to clients, brokers or
other third parties with whom we have a
business relationship.
These policies enable the business to control
the level and receipt of such benefits in order
to protect the interests of clients. Copies of
these policies are available upon request.
If you should require specific information
in relation to any non-monetary benefits
attributable to your relationship with the
business, where such non-monetary benefits
have been received or provided, this will
be provided on request.
PBGB/312/08/2009